3 Stocks Raising The Electronics Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 99 points (0.6%) at 17,076 as of Friday, July 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,467 issues advancing vs. 494 declining with 140 unchanged.

The Electronics industry currently sits up 1.3% versus the S&P 500, which is up 0.9%. Top gainers within the industry include Skyworks Solutions ( SWKS), up 14.5%, FLIR Systems ( FLIR), up 4.7%, Avago Technologies ( AVGO), up 2.8%, NXP Semiconductors ( NXPI), up 2.0% and Agilent Technologies ( A), up 1.8%.

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

3. Applied Materials ( AMAT) is one of the companies pushing the Electronics industry higher today. As of noon trading, Applied Materials is up $0.20 (0.9%) to $22.96 on light volume. Thus far, 4.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.9 million shares. The stock has ranged in price between $22.71-$23.01 after having opened the day at $22.87 as compared to the previous trading day's close of $22.76.

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 $27.8 billion and is part of the technology sector. Shares are up 29.2% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 6 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 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 Applied Materials Ratings Report now.

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