Corning Inc (GLW): Today's Featured Electronics Winner

Corning ( GLW) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.1%. By the end of trading, Corning rose $0.22 (1.6%) to $14.45 on light volume. Throughout the day, 6,803,121 shares of Corning exchanged hands as compared to its average daily volume of 13,347,600 shares. The stock ranged in a price between $14.28-$14.55 after having opened the day at $14.36 as compared to the previous trading day's close of $14.23. Other companies within the Electronics industry that increased today were: TranSwitch Corporation ( TXCC), up 18.1%, Hanwha SolarOne ( HSOL), up 14.3%, Trio-Tech International ( TRT), up 12.1% and Ascent Solar Technologies ( ASTI), up 11.7%.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $21.1 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Corning a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Corning 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, attractive valuation levels, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, SatCon Technology Corporation ( SATC), down 33.3%, IEC Electronics Corporation ( IEC), down 6.0%, Spire Corporation ( SPIR), down 5.3% and Plug Power ( PLUG), down 5.3%.

For investors not wanting singular stock exposure, 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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