3 Electronics Stocks On The Rise

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 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the industry include Kyocera ( KYO), up 1.5%, Amphenol Corp Class A ( APH), up 1.1% and ABB ( ABB), up 0.9%. On the negative front, top decliners within the industry include ASM International ( ASMI), down 4.7%, Intel ( INTC), down 0.7% and Texas Instruments ( TXN), down 0.6%.

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

3. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.22 (1.1%) to $20.90 on heavy volume. Thus far, 8.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $20.75-$20.96 after having opened the day at $20.84 as compared to the previous trading day's close of $20.68.

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 $108.5 billion and is part of the technology sector. Shares are up 18.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 1 rates 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, growth in earnings per share, expanding profit margins, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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2. As of noon trading, SolarCity ( SCTY) is up $2.61 (3.8%) to $72.03 on average volume. Thus far, 2.4 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 $69.11-$72.35 after having opened the day at $69.12 as compared to the previous trading day's close of $69.42.

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 22.2% year-to-date as of the close of trading on Wednesday. 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 $0.38 (1.1%) to $34.06 on light volume. Thus far, 10.2 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 $33.63-$34.28 after having opened the day at $33.87 as compared to the previous trading day's close of $33.68.

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 54.9% year-to-date as of the close of trading on Wednesday. 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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