3 Stocks Dragging In The Electronics Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 1.2%, Kyocera ( KYO), down 1.0% and Eaton ( ETN), down 0.7%. Top gainers within the industry include Broadcom ( BRCM), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 0.9% and Intel ( INTC), up 0.9%.

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 $0.12 (-0.5%) to $22.82 on light volume. Thus far, 611,756 shares of ABB exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $22.78-$22.93 after having opened the day at $22.78 as compared to the previous trading day's close of $22.94.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $53.4 billion and is part of the industrial goods sector. Shares are down 13.6% year-to-date as of the close of trading on Tuesday. 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.

2. As of noon trading, Analog Devices ( ADI) is down $0.37 (-0.7%) to $53.50 on light volume. Thus far, 696,949 shares of Analog Devices exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $53.45-$54.05 after having opened the day at $53.82 as compared to the previous trading day's close of $53.87.

Analog Devices, Inc. is engaged in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $17.2 billion and is part of the technology sector. Shares are up 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Analog Devices 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, increase in stock price during the past year, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Analog 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.

1. As of noon trading, Applied Materials ( AMAT) is down $0.31 (-1.4%) to $22.43 on average volume. Thus far, 6.4 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.3 million shares. The stock has ranged in price between $22.38-$22.75 after having opened the day at $22.74 as compared to the previous trading day's close of $22.74.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $27.7 billion and is part of the technology sector. Shares are up 28.6% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials 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 compelling growth in net income. 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 Applied Materials 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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