3 Electronics Stocks Pushing Industry Growth

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 120 points (-0.7%) at 17,956 as of Thursday, June 4, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 740 issues advancing vs. 2,233 declining with 147 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Taiwan Semiconductor Manufacturing ( TSM), down 2.3%, Kyocera ( KYO), down 1.7%, Intel ( INTC), down 0.8% and Texas Instruments ( TXN), down 0.6%.

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

3. ABB ( ABB) is one of the companies pushing the Electronics industry higher today. As of noon trading, ABB is up $0.86 (3.9%) to $23.20 on heavy volume. Thus far, 6.1 million shares of ABB exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $23.16-$23.66 after having opened the day at $23.59 as compared to the previous trading day's close of $22.34.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $49.3 billion and is part of the industrial goods sector. Shares are up 5.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates ABB a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB 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, reasonable valuation levels, good cash flow from operations, notable return on equity and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full ABB Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

2. As of noon trading, Cavium ( CAVM) is up $5.01 (7.1%) to $75.87 on heavy volume. Thus far, 1.0 million shares of Cavium exchanged hands as compared to its average daily volume of 583,100 shares. The stock has ranged in price between $71.04-$75.88 after having opened the day at $71.79 as compared to the previous trading day's close of $70.86.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in United States and internationally. Cavium has a market cap of $3.9 billion and is part of the technology sector. Shares are up 14.6% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate Cavium a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cavium as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Cavium Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

1. As of noon trading, NVIDIA ( NVDA) is up $0.41 (1.9%) to $22.11 on average volume. Thus far, 3.7 million shares of NVIDIA exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $21.57-$22.16 after having opened the day at $21.57 as compared to the previous trading day's close of $21.70.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors. NVIDIA has a market cap of $11.8 billion and is part of the technology sector. Shares are up 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate NVIDIA a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates NVIDIA 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full NVIDIA Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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).

More from Markets

Stocks Tumble as Trump Calls Off North Korea Summit

Stocks Tumble as Trump Calls Off North Korea Summit

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern