SUNE, ETN And GLW, Pushing Electronics Industry Downward
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include
(
), down 8.4%,
(
), down 3.8%,
Advanced Semiconductor Engineering
(
), down 2.6% and
(
), down 0.8%. Top gainers within the industry include
(
), up 4.4%,
Semiconductor Manufacturing International C
(
), up 3.0%,
(
), up 2.1%,
(
), up 1.1% and
(
), up 1.0%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Electronics industry lower today. As of noon trading, SunEdison is down $0.85 (-14.7%) to $4.92 on heavy volume. Thus far, 53.1 million shares of SunEdison exchanged hands as compared to its average daily volume of 32.8 million shares. The stock has ranged in price between $4.80-$5.72 after having opened the day at $5.70 as compared to the previous trading day's close of $5.77.
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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 $2.3 billion and is part of the technology sector. Shares are down 70.4% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate SunEdison a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
SunEdison
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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2. As of noon trading,
(
) is down $0.73 (-1.3%) to $55.50 on average volume. Thus far, 1.7 million shares of Eaton exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $55.40-$56.10 after having opened the day at $55.40 as compared to the previous trading day's close of $56.23.
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Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $26.1 billion and is part of the industrial goods sector. Shares are down 17.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Eaton a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Eaton
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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
now.
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1. As of noon trading,
(
) is down $0.22 (-1.2%) to $18.56 on light volume. Thus far, 1.8 million shares of Corning exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $18.54-$18.87 after having opened the day at $18.83 as compared to the previous trading day's close of $18.78.
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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 $22.2 billion and is part of the technology sector. Shares are down 18.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Corning a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Corning
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).