3 Electronics Stocks Driving The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Advanced Semiconductor Engineering ( ASX), up 2.5%, and Freescale Semiconductor ( FSL), up 1.8%. A company within the industry that fell today was LG Display ( LPL), up 4.8%.

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

3. First Solar ( FSLR) is one of the companies pushing the Electronics industry higher today. As of noon trading, First Solar is up $1.60 (2.5%) to $65.65 on heavy volume. Thus far, 2.4 million shares of First Solar exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $65.31-$66.68 after having opened the day at $65.31 as compared to the previous trading day's close of $64.05.

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. First Solar has a market cap of $6.3 billion and is part of the technology sector. Shares are up 17.2% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate First Solar a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates First Solar as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full First Solar 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.

2. As of noon trading, Applied Materials ( AMAT) is up $0.14 (0.7%) to $21.37 on average volume. Thus far, 10.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $20.81-$21.41 after having opened the day at $21.27 as compared to the previous trading day's close of $21.23.

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 $26.5 billion and is part of the technology sector. Shares are up 20.1% year-to-date as of the close of trading on Friday. Currently there are 9 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.

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, Broadcom ( BRCM) is up $0.26 (0.7%) to $37.61 on light volume. Thus far, 2.4 million shares of Broadcom exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $37.18-$37.75 after having opened the day at $37.47 as compared to the previous trading day's close of $37.35.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $20.7 billion and is part of the technology sector. Shares are up 26.0% year-to-date as of the close of trading on Friday. Currently there are 22 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Broadcom as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom 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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