3 Stocks Moving The Electronics Industry Upward

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 174 points (1.0%) at 16,837 as of Monday, Aug. 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,451 issues advancing vs. 545 declining with 150 unchanged.

The Electronics industry currently sits up 1.1% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Sensata Technologies Holding N.V ( ST), up 5.2%, Semiconductor Manufacturing International C ( SMI), up 4.0%, SunPower ( SPWR), up 2.5%, LG Display ( LPL), up 2.0% and Roper Industries ( ROP), up 1.5%.

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

3. Eaton ( ETN) is one of the companies pushing the Electronics industry higher today. As of noon trading, Eaton is up $0.58 (0.8%) to $68.68 on average volume. Thus far, 1.3 million shares of Eaton exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $68.52-$68.94 after having opened the day at $68.52 as compared to the previous trading day's close of $68.11.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $32.6 billion and is part of the industrial goods sector. Shares are down 10.5% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Eaton a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eaton 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, SunEdison ( SUNE) is up $0.58 (2.7%) to $21.92 on light volume. Thus far, 4.0 million shares of SunEdison exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $21.30-$22.05 after having opened the day at $21.55 as compared to the previous trading day's close of $21.34.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $5.7 billion and is part of the technology sector. Shares are up 63.5% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share. Get the full SunEdison 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, Micron Technology ( MU) is up $0.48 (1.5%) to $31.98 on average volume. Thus far, 10.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 26.5 million shares. The stock has ranged in price between $31.41-$31.99 after having opened the day at $31.69 as compared to the previous trading day's close of $31.49.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $33.2 billion and is part of the technology sector. Shares are up 42.7% year-to-date as of the close of trading on Friday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology 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).

null

More from Markets

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists