3 Electronics Stocks Pushing The Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 17,036 as of Wednesday, Sept. 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,316 issues advancing vs. 1,661 declining with 150 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the industry include SunEdison ( SUNE), up 1.7%, Broadcom ( BRCM), up 1.1%, Kyocera ( KYO), up 0.9% and TE Connectivity ( TEL), up 0.7%. On the negative front, top decliners within the industry include Amkor Technology ( AMKR), down 4.0%, United Microelectronics ( UMC), down 2.7%, STMicroelectronics ( STM), down 1.2% and ABB ( ABB), down 0.8%.

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

3. Garmin ( GRMN) is one of the companies pushing the Electronics industry higher today. As of noon trading, Garmin is up $2.08 (4.0%) to $53.79 on heavy volume. Thus far, 2.7 million shares of Garmin exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $51.90-$53.88 after having opened the day at $51.90 as compared to the previous trading day's close of $51.71.

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Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $10.3 billion and is part of the technology sector. Shares are up 11.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Garmin a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Garmin 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, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Garmin 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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