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.

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