TEL, SUNE And BRCM, 3 Electronics Stocks Pushing The Industry Lower

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 lower today:

3. TE Connectivity ( TEL) is one of the companies pushing the Electronics industry lower today. As of noon trading, TE Connectivity is down $0.49 (-0.8%) to $62.24 on light volume. Thus far, 320,945 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $62.20-$62.77 after having opened the day at $62.51 as compared to the previous trading day's close of $62.73.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect power, data, and signal automotive, energy, industrial, broadband communications, consumer devices, aerospace and defense, and healthcare industries. TE Connectivity has a market cap of $25.6 billion and is part of the technology sector. Shares are up 13.8% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TE Connectivity 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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full TE Connectivity 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 down $0.62 (-2.8%) to $21.29 on light volume. Thus far, 3.9 million shares of SunEdison exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $21.25-$21.93 after having opened the day at $21.83 as compared to the previous trading day's close of $21.91.

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 $5.9 billion and is part of the technology sector. Shares are up 67.9% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that 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 generally high debt management risk, disappointing return on equity and poor profit margins. 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, Broadcom ( BRCM) is down $0.44 (-1.1%) to $40.60 on average volume. Thus far, 2.9 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $40.33-$40.85 after having opened the day at $40.84 as compared to the previous trading day's close of $41.04.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $22.0 billion and is part of the technology sector. Shares are up 38.4% year-to-date as of the close of trading on Monday. Currently there are 22 analysts that rate Broadcom a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Broadcom as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom 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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