3 Stocks Advancing The Electronics Industry

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the industry that increased today was Kyocera ( KYO), up 1.9%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Broadcom ( BRCM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Broadcom is up $3.06 (9.6%) to $34.93 on heavy volume. Thus far, 36.3 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $34.06-$36.05 after having opened the day at $36.00 as compared to the previous trading day's close of $31.87.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $16.9 billion and is part of the technology sector. Shares are up 6.8% year-to-date as of the close of trading on Friday. Currently there are 19 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Broadcom as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom Ratings Report now.

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