3 Stocks Pulling The Electronics Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include CGG ( CGG), down 3.6%, United Microelectronics ( UMC), down 1.2% and LG Display ( LPL), down 0.9%. Top gainers within the industry include SunPower ( SPWR), up 6.7%, Advanced Micro Devices ( AMD), up 3.5%, Kyocera ( KYO), up 1.5%, ASML ( ASML), up 1.0% and Altera ( ALTR), up 0.9%.

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

3. Cree ( CREE) is one of the companies pushing the Electronics industry lower today. As of noon trading, Cree is down $0.94 (-1.9%) to $48.72 on average volume. Thus far, 873,690 shares of Cree exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $48.44-$49.50 after having opened the day at $49.50 as compared to the previous trading day's close of $49.66.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $5.8 billion and is part of the technology sector. Shares are down 20.6% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Cree a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cree as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Cree 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.

2. As of noon trading, Avago Technologies ( AVGO) is down $0.46 (-0.6%) to $70.96 on light volume. Thus far, 770,211 shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $70.60-$71.94 after having opened the day at $71.47 as compared to the previous trading day's close of $71.42.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $18.1 billion and is part of the technology sector. Shares are up 35.1% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Avago Technologies 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.

1. As of noon trading, Texas Instruments ( TXN) is down $0.40 (-0.8%) to $47.92 on light volume. Thus far, 2.3 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $47.80-$48.29 after having opened the day at $48.05 as compared to the previous trading day's close of $48.33.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $51.9 billion and is part of the technology sector. Shares are up 10.1% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Texas Instruments 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.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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