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.

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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.

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