3 Electronics Stocks Pushing Industry Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include NXP Semiconductors ( NXPI), up 1.4%, Emerson Electric ( EMR), up 1.2%, ASML ( ASML), up 1.1% and Applied Materials ( AMAT), up 0.7%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 2.6%, LG Display ( LPL), down 2.4%, Taiwan Semiconductor Manufacturing ( TSM), down 2.3%, NVIDIA ( NVDA), down 1.6% and Broadcom ( BRCM), down 1.0%.

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

3. Mettler-Toledo International ( MTD) is one of the companies pushing the Electronics industry higher today. As of noon trading, Mettler-Toledo International is up $5.52 (2.2%) to $252.51 on average volume. Thus far, 104,885 shares of Mettler-Toledo International exchanged hands as compared to its average daily volume of 160,800 shares. The stock has ranged in price between $247.93-$252.62 after having opened the day at $247.93 as compared to the previous trading day's close of $246.99.

Mettler-Toledo International Inc. supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. Mettler-Toledo International has a market cap of $7.2 billion and is part of the health care sector. Shares are up 1.8% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Mettler-Toledo International a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Mettler-Toledo International as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Mettler-Toledo International Ratings Report now.

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2. As of noon trading, Skyworks Solutions ( SWKS) is up $0.91 (1.9%) to $48.39 on average volume. Thus far, 1.5 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $47.46-$48.47 after having opened the day at $47.66 as compared to the previous trading day's close of $47.48.

Skyworks Solutions, Inc., together with its subsidiaries, provides analog semiconductors worldwide. Skyworks Solutions has a market cap of $9.0 billion and is part of the technology sector. Shares are up 66.2% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Skyworks Solutions as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Skyworks Solutions Ratings Report now.

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1. As of noon trading, Corning ( GLW) is up $0.18 (0.8%) to $21.86 on average volume. Thus far, 4.8 million shares of Corning exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $21.73-$21.99 after having opened the day at $21.77 as compared to the previous trading day's close of $21.67.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $28.1 billion and is part of the technology sector. Shares are up 21.6% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Corning a buy, 1 analyst rates it a sell, and 7 rate it a hold.

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

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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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