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 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include STMicroelectronics ( STM), down 1.9%, Maxim Integrated Products ( MXIM), down 1.1% and ABB ( ABB), down 0.5%.

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

3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.52 (1.7%) to $31.18 on average volume. Thus far, 1.1 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $30.70-$31.34 after having opened the day at $30.99 as compared to the previous trading day's close of $30.66.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $8.1 billion and is part of the technology sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Trimble Navigation Ratings Report now.

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