3 Stocks Dragging The Electronics Industry Downward

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 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Semiconductor Manufacturing International C ( SMI), down 5.7%, NXP Semiconductors ( NXPI), down 2.9%, Applied Materials ( AMAT), down 2.0%, Lam Research ( LRCX), down 1.9% and Analog Devices ( ADI), down 1.4%.

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

3. Bruker ( BRKR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Bruker is down $1.54 (-6.7%) to $21.26 on heavy volume. Thus far, 1.8 million shares of Bruker exchanged hands as compared to its average daily volume of 637,000 shares. The stock has ranged in price between $20.02-$21.83 after having opened the day at $20.50 as compared to the previous trading day's close of $22.80.

Bruker Corporation, together with its subsidiaries, designs, manufactures, sells, and services proprietary life science and materials research systems, and associated products worldwide. It operates through two segments, Scientific Instruments, and Energy & Supercon Technologies. Bruker has a market cap of $3.8 billion and is part of the health care sector. Shares are up 15.3% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Bruker a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Bruker as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bruker Ratings Report now.

STOCKS TO BUY: 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, Corning ( GLW) is down $0.10 (-0.5%) to $19.69 on light volume. Thus far, 2.4 million shares of Corning exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $19.65-$20.02 after having opened the day at $19.94 as compared to the previous trading day's close of $19.79.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $25.7 billion and is part of the technology sector. Shares are up 11.1% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Corning a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Corning 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning Ratings Report now.

STOCKS TO BUY: 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, Texas Instruments ( TXN) is down $0.31 (-0.7%) to $45.86 on average volume. Thus far, 3.2 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $45.80-$46.50 after having opened the day at $46.45 as compared to the previous trading day's close of $46.17.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $49.1 billion and is part of the technology sector. Shares are up 5.2% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Texas Instruments Ratings Report now.

STOCKS TO BUY: 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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