3 Stocks Dragging 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 80 points (-0.5%) at 17,033 as of Monday, Sept. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 959 issues advancing vs. 2,053 declining with 145 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include LG Display ( LPL), down 2.5%, Ametek ( AME), down 2.0% and ABB ( ABB), down 0.7%.

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

3. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry lower today. As of noon trading, Avago Technologies is down $0.88 (-1.0%) to $86.62 on light volume. Thus far, 471,685 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $86.07-$87.08 after having opened the day at $86.41 as compared to the previous trading day's close of $87.50.

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 $21.9 billion and is part of the technology sector. Shares are up 65.5% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that 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.

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2. As of noon trading, Emerson Electric ( EMR) is down $0.70 (-1.1%) to $62.34 on average volume. Thus far, 1.3 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $62.01-$62.54 after having opened the day at $62.21 as compared to the previous trading day's close of $63.04.

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $43.6 billion and is part of the industrial goods sector. Shares are down 10.2% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Emerson Electric 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.17 (-0.9%) to $19.97 on average volume. Thus far, 6.7 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $19.75-$20.00 after having opened the day at $19.93 as compared to the previous trading day's close of $20.14.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $104.3 billion and is part of the technology sector. Shares are up 15.5% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, increase in stock price during the past year, growth in earnings per share and expanding profit margins. 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 Taiwan Semiconductor Manufacturing 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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