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.

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, Micron Technology ( MU) is down $0.91 (-2.8%) to $31.69 on average volume. Thus far, 13.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $31.56-$32.60 after having opened the day at $32.43 as compared to the previous trading day's close of $32.60.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $34.9 billion and is part of the technology sector. Shares are up 49.9% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that 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 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 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.

1. As of noon trading, Intel ( INTC) is down $0.39 (-1.1%) to $34.53 on average volume. Thus far, 14.7 million shares of Intel exchanged hands as compared to its average daily volume of 34.2 million shares. The stock has ranged in price between $34.43-$34.91 after having opened the day at $34.76 as compared to the previous trading day's close of $34.92.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $172.9 billion and is part of the technology sector. Shares are up 34.5% year-to-date as of the close of trading on Friday. Currently there are 15 analysts that rate Intel a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. 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 Intel 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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