3 Stocks Underperforming Today In The Electronics Industry

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 1.3%, Freescale Semiconductor ( FSL), down 1.2%, LG Display ( LPL), down 1.0% and Kyocera ( KYO), down 0.6%. A company within the industry that increased today was Micron Technology ( MU), up 2.5%.

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 $0.46 (-0.8%) to $59.98 on light volume. Thus far, 591,482 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $59.95-$60.56 after having opened the day at $60.39 as compared to the previous trading day's close of $60.44.

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 $24.9 billion and is part of the technology sector. Shares are up 9.7% year-to-date as of the close of trading on Monday. Currently there are 6 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 increase in stock price during the past year. 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, ASML ( ASML) is down $0.51 (-0.5%) to $98.54 on average volume. Thus far, 618,725 shares of ASML exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $98.54-$99.33 after having opened the day at $98.99 as compared to the previous trading day's close of $99.05.

ASML Holding N.V. designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of intercircuits worldwide. ASML has a market cap of $44.1 billion and is part of the technology sector. Shares are up 5.7% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate ASML a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ASML 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, Corning ( GLW) is down $0.13 (-0.6%) to $20.10 on average volume. Thus far, 5.4 million shares of Corning exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $19.94-$20.20 after having opened the day at $20.16 as compared to the previous trading day's close of $20.23.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $26.3 billion and is part of the technology sector. Shares are up 13.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Corning a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning 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

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%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home