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

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.

Corning ( GLW) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Corning fell $0.21 (-1.4%) to $14.53 on average volume. Throughout the day, 12,372,983 shares of Corning exchanged hands as compared to its average daily volume of 10,295,500 shares. The stock ranged in price between $14.47-$14.66 after having opened the day at $14.60 as compared to the previous trading day's close of $14.74. Other companies within the Electronics industry that declined today were: China Sunergy ( CSUN), down 10.0%, Nexxus Lighting ( NEXS), down 9.9%, Revolution Lighting Technologies ( RVLT), down 9.9% and LDK Solar Company ( LDK), down 7.4%.

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 $21.7 billion and is part of the technology sector. Shares are up 17.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Corning a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Corning 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, 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 positive front, CSR ( CSRE), up 196.4%, Aehr Test Systems ( AEHR), up 36.0%, Kemet Corporation ( KEM), up 12.0% and Perceptron ( PRCP), up 10.3% , were all gainers within the electronics industry with First Solar ( FSLR) being today's featured electronics industry leader.

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).

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

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