3 Electronics Stocks Dragging The Industry Down

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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 lower today:

3. ABB ( ABB) is one of the companies pushing the Electronics industry lower today. As of noon trading, ABB is down $0.25 (-1.1%) to $23.49 on heavy volume. Thus far, 1.6 million shares of ABB exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $23.47-$23.70 after having opened the day at $23.69 as compared to the previous trading day's close of $23.74.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $54.7 billion and is part of the industrial goods sector. Shares are down 10.6% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate ABB a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ABB Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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