3 Electronics Stocks Nudging The Industry Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,797 as of Wednesday, June 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,611 declining with 185 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include ASML ( ASML), up 1.9%, Kyocera ( KYO), up 0.7% and Emerson Electric ( EMR), up 0.6%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 1.4%, STMicroelectronics ( STM), down 1.4%, Applied Materials ( AMAT), down 0.9%, Avago Technologies ( AVGO), down 0.8% and Texas Instruments ( TXN), down 0.8%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Advanced Semiconductor Engineering is up $0.10 (1.6%) to $6.51 on average volume. Thus far, 463,358 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 721,400 shares. The stock has ranged in price between $6.50-$6.60 after having opened the day at $6.56 as compared to the previous trading day's close of $6.41.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $9.9 billion and is part of the technology sector. Shares are up 33.5% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering Ratings Report now.

3x UPSIDE POTENTIAL: 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, Garmin ( GRMN) is up $0.39 (0.6%) to $60.89 on average volume. Thus far, 523,267 shares of Garmin exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $59.52-$60.89 after having opened the day at $59.56 as compared to the previous trading day's close of $60.50.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $11.6 billion and is part of the technology sector. Shares are up 31.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Garmin Ratings Report now.

3x UPSIDE POTENTIAL: 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, SolarCity ( SCTY) is up $2.62 (4.1%) to $67.15 on heavy volume. Thus far, 10.2 million shares of SolarCity exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $61.55-$67.47 after having opened the day at $63.17 as compared to the previous trading day's close of $64.53.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $5.1 billion and is part of the technology sector. Shares are up 13.6% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate SolarCity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity Ratings Report now.

3x UPSIDE POTENTIAL: 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%