3 Stocks Dragging In The Electronics Industry

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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.

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