3 Stocks Pulling The Electronics Industry Downward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Electronics industry currently sits down 1.0% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Cree ( CREE), down 3.3%, STMicroelectronics ( STM), down 3.1%, LG Display ( LPL), down 2.0%, Flextronics International ( FLEX), down 2.0% and Trimble Navigation ( TRMB), down 1.6%.

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

3. SunEdison ( SUNE) is one of the companies pushing the Electronics industry lower today. As of noon trading, SunEdison is down $0.49 (-2.2%) to $22.17 on light volume. Thus far, 4.3 million shares of SunEdison exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $22.03-$22.91 after having opened the day at $22.57 as compared to the previous trading day's close of $22.66.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $6.1 billion and is part of the technology sector. Shares are up 73.6% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share. Get the full SunEdison 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, SolarCity ( SCTY) is down $2.32 (-3.3%) to $69.02 on light volume. Thus far, 2.0 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $68.18-$71.88 after having opened the day at $70.84 as compared to the previous trading day's close of $71.34.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $6.6 billion and is part of the technology sector. Shares are up 25.6% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate SolarCity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity 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, Micron Technology ( MU) is down $0.66 (-1.9%) to $33.07 on average volume. Thus far, 13.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 28.8 million shares. The stock has ranged in price between $32.77-$33.65 after having opened the day at $33.61 as compared to the previous trading day's close of $33.73.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $36.1 billion and is part of the technology sector. Shares are up 55.1% year-to-date as of the close of trading on Thursday. Currently there are 16 analysts that 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 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 Micron Technology 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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