3 Stocks Improving Performance Of 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 15 points (-0.1%) at 17,673 as of Wednesday, Nov. 19, 2014, 12:10 PM ET. The NYSE advances/declines ratio sits at 967 issues advancing vs. 1,986 declining with 177 unchanged.

The Electronics industry currently sits down 1.0% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Analog Devices ( ADI), down 1.2%, and Micron Technology ( MU), down 0.9%.

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

3. ASML ( ASML) is one of the companies pushing the Electronics industry higher today. As of noon trading, ASML is up $1.73 (1.7%) to $105.59 on heavy volume. Thus far, 673,466 shares of ASML exchanged hands as compared to its average daily volume of 879,600 shares. The stock has ranged in price between $105.08-$106.95 after having opened the day at $106.85 as compared to the previous trading day's close of $103.86.

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

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 $44.8 billion and is part of the technology sector. Shares are up 10.8% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, 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 somewhat weak growth in earnings per share. 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.

2. As of noon trading, Garmin ( GRMN) is up $1.47 (2.6%) to $58.11 on heavy volume. Thus far, 1.7 million shares of Garmin exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $56.54-$58.20 after having opened the day at $56.66 as compared to the previous trading day's close of $56.64.

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

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 $10.7 billion and is part of the technology sector. Shares are up 22.6% 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 5 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, 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 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.

1. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.52 (2.4%) to $22.57 on average volume. Thus far, 7.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.9 million shares. The stock has ranged in price between $22.24-$22.60 after having opened the day at $22.32 as compared to the previous trading day's close of $22.05.

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

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 $113.6 billion and is part of the technology sector. Shares are up 26.4% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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).

null

More from Markets

Asian Markets Decline in Morning Trading

Asian Markets Decline in Morning Trading

Verizon Proves Resilient in Sell-Off; Decoding the Facebook Short -- ICYMI

Verizon Proves Resilient in Sell-Off; Decoding the Facebook Short -- ICYMI

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call