3 Electronics Stocks Pushing The Industry Higher

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 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 1.7%, and Intel ( INTC), down 0.8%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Advanced Semiconductor Engineering is up $0.07 (1.1%) to $6.20 on light volume. Thus far, 249,588 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 815,000 shares. The stock has ranged in price between $6.14-$6.26 after having opened the day at $6.14 as compared to the previous trading day's close of $6.13.

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

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $9.6 billion and is part of the technology sector. Shares are up 27.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering 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, ABB ( ABB) is up $0.21 (0.9%) to $23.12 on average volume. Thus far, 792,233 shares of ABB exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $23.11-$23.34 after having opened the day at $23.32 as compared to the previous trading day's close of $22.91.

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

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $52.9 billion and is part of the industrial goods sector. Shares are down 13.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates ABB a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ABB 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, Avago Technologies ( AVGO) is up $0.46 (0.5%) to $88.65 on average volume. Thus far, 892,419 shares of Avago Technologies exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $87.96-$88.93 after having opened the day at $88.38 as compared to the previous trading day's close of $88.18.

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

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $22.1 billion and is part of the technology sector. Shares are up 66.8% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avago Technologies 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

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%