3 Electronics Stocks Moving The Industry Upward

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 97 points (-0.5%) at 17,802 as of Monday, June 15, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,032 issues advancing vs. 1,944 declining with 177 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include ABB ( ABB), down 1.8%, Corning ( GLW), down 1.4%, Roper Technologies ( ROP), down 1.4%, Kyocera ( KYO), down 1.2% and Amphenol ( APH), down 1.2%.

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

3. SunEdison ( SUNE) is one of the companies pushing the Electronics industry higher today. As of noon trading, SunEdison is up $0.67 (2.3%) to $30.33 on average volume. Thus far, 3.9 million shares of SunEdison exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $29.10-$30.43 after having opened the day at $29.39 as compared to the previous trading day's close of $29.66.

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SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. SunEdison has a market cap of $8.3 billion and is part of the technology sector. Shares are up 52.0% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate SunEdison a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. Get the full SunEdison Ratings Report now.

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2. As of noon trading, Avago Technologies ( AVGO) is up $2.92 (2.1%) to $143.39 on average volume. Thus far, 2.0 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $139.01-$143.63 after having opened the day at $139.16 as compared to the previous trading day's close of $140.47.

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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $36.9 billion and is part of the technology sector. Shares are up 39.6% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Avago Technologies a buy, no analysts rate it a sell, and none 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, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Avago Technologies Ratings Report now.

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1. As of noon trading, Broadcom ( BRCM) is up $0.36 (0.7%) to $54.38 on light volume. Thus far, 3.1 million shares of Broadcom exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $53.44-$54.39 after having opened the day at $53.52 as compared to the previous trading day's close of $54.02.

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Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $29.7 billion and is part of the technology sector. Shares are up 24.8% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate Broadcom a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Broadcom 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom Ratings Report now.

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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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