3 Stocks Dragging The Electronics Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was LG Display ( LPL), up 2.0%.

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

3. Applied Materials ( AMAT) is one of the companies pushing the Electronics industry lower today. As of noon trading, Applied Materials is down $0.32 (-1.4%) to $22.78 on average volume. Thus far, 5.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $22.69-$23.00 after having opened the day at $22.89 as compared to the previous trading day's close of $23.10.

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 $28.2 billion and is part of the technology sector. Shares are up 30.7% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Applied Materials Ratings Report now.

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