3 Electronics Stocks Moving The Industry Upward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is unchanged. A company within the industry that increased today was ABB ( ABB), up 0.9%.

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

3. Corning ( GLW) is one of the companies pushing the Electronics industry higher today. As of noon trading, Corning is up $0.18 (0.9%) to $19.68 on average volume. Thus far, 4.7 million shares of Corning exchanged hands as compared to its average daily volume of 11.4 million shares. The stock has ranged in price between $19.36-$19.82 after having opened the day at $19.49 as compared to the previous trading day's close of $19.50.

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 $26.5 billion and is part of the technology sector. Shares are up 6.8% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Corning Ratings Report now.

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