Today's Stocks Driving Success For 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 16,836 as of Monday, June 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,605 issues advancing vs. 1,347 declining with 197 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the industry include AU Optronics ( AUO), up 3.9%, KLA-Tencor ( KLAC), up 2.0%, Avago Technologies ( AVGO), up 1.2%, LG Display ( LPL), up 1.1% and NXP Semiconductors ( NXPI), up 1.0%.

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

3. Broadcom ( BRCM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Broadcom is up $0.26 (0.7%) to $37.12 on light volume. Thus far, 2.5 million shares of Broadcom exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $36.64-$37.13 after having opened the day at $36.68 as compared to the previous trading day's close of $36.86.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $19.8 billion and is part of the technology sector. Shares are up 24.3% year-to-date as of the close of trading on Friday. Currently there are 21 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Broadcom 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, good cash flow from operations, expanding profit margins 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 Broadcom 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, Applied Materials ( AMAT) is up $0.18 (0.8%) to $22.58 on light volume. Thus far, 4.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.5 million shares. The stock has ranged in price between $22.30-$22.70 after having opened the day at $22.39 as compared to the previous trading day's close of $22.40.

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 $27.3 billion and is part of the technology sector. Shares are up 26.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Applied Materials 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, Micron Technology ( MU) is up $1.40 (4.4%) to $32.91 on average volume. Thus far, 17.1 million shares of Micron Technology exchanged hands as compared to its average daily volume of 29.9 million shares. The stock has ranged in price between $31.90-$32.94 after having opened the day at $32.06 as compared to the previous trading day's close of $31.51.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $34.3 billion and is part of the technology sector. Shares are up 44.9% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Micron Technology a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology 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).

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