3 Stocks Pushing The Electronics Industry Downward

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One out of the three major indices are trading lower 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%. 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%. 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%.

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

3. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry lower today. As of noon trading, STMicroelectronics is down $0.20 (-2.1%) to $9.33 on average volume. Thus far, 317,514 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 845,200 shares. The stock has ranged in price between $9.33-$9.44 after having opened the day at $9.42 as compared to the previous trading day's close of $9.53.

STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. STMicroelectronics has a market cap of $8.5 billion and is part of the technology sector. Shares are up 19.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates STMicroelectronics a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full STMicroelectronics Ratings Report now.

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2. As of noon trading, ABB ( ABB) is down $0.12 (-0.5%) to $23.16 on average volume. Thus far, 933,466 shares of ABB exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $23.12-$23.23 after having opened the day at $23.14 as compared to the previous trading day's close of $23.28.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $53.7 billion and is part of the industrial goods sector. Shares are down 12.3% year-to-date as of the close of trading on Thursday. 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.

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1. As of noon trading, Advanced Micro Devices ( AMD) is down $0.24 (-5.6%) to $4.12 on heavy volume. Thus far, 21.0 million shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 20.1 million shares. The stock has ranged in price between $4.10-$4.37 after having opened the day at $4.35 as compared to the previous trading day's close of $4.36.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing Solutions and Graphics and Visual Solutions. Advanced Micro Devices has a market cap of $3.4 billion and is part of the technology sector. Shares are up 12.7% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate Advanced Micro Devices a buy, 4 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Advanced Micro Devices as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. Get the full Advanced Micro Devices 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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