3 Stocks Raising The Electronics Industry Higher

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 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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2. As of noon trading, SolarCity ( SCTY) is up $2.41 (3.8%) to $66.10 on light volume. Thus far, 1.7 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $63.76-$66.36 after having opened the day at $63.79 as compared to the previous trading day's close of $63.69.

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 $6.0 billion and is part of the technology sector. Shares are up 12.1% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who 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.

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 $0.20 (0.6%) to $33.25 on average volume. Thus far, 14.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 27.5 million shares. The stock has ranged in price between $33.08-$33.75 after having opened the day at $33.18 as compared to the previous trading day's close of $33.05.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $37.1 billion and is part of the technology sector. Shares are up 52.0% year-to-date as of the close of trading on Thursday. 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 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.

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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