3 Stocks Dragging 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Siliconware Precision Industries ( SPIL), down 7.1%, Advanced Semiconductor Engineering ( ASX), down 3.1%, Micron Technology ( MU), down 2.0% and LG Display ( LPL), down 1.8%. Top gainers within the industry include SunEdison ( SUNE), up 3.3%, SolarCity ( SCTY), up 2.3%, SunPower ( SPWR), up 2.2%, Applied Materials ( AMAT), up 1.9% and STMicroelectronics ( STM), up 1.7%.

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

3. ASML ( ASML) is one of the companies pushing the Electronics industry lower today. As of noon trading, ASML is down $0.94 (-1.0%) to $93.70 on average volume. Thus far, 353,911 shares of ASML exchanged hands as compared to its average daily volume of 909,000 shares. The stock has ranged in price between $93.47-$93.85 after having opened the day at $93.69 as compared to the previous trading day's close of $94.64.

ASML Holding N.V. designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of intercircuits worldwide. ASML has a market cap of $42.4 billion and is part of the technology sector. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate ASML a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, 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 somewhat disappointing return on equity. Get the full ASML 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, Agilent Technologies ( A) is down $0.37 (-0.7%) to $56.78 on light volume. Thus far, 649,623 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $56.52-$57.08 after having opened the day at $57.05 as compared to the previous trading day's close of $57.15.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $19.4 billion and is part of the health care sector. Shares are down 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agilent Technologies 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.21 (-0.9%) to $22.36 on average volume. Thus far, 7.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.8 million shares. The stock has ranged in price between $22.33-$22.49 after having opened the day at $22.45 as compared to the previous trading day's close of $22.57.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $117.6 billion and is part of the technology sector. Shares are up 29.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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. 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 Taiwan Semiconductor Manufacturing 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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