GLW, SCTY And MU, 3 Electronics Stocks Pushing The Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 117 points (-0.7%) at 16,295 as of Monday, April 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,136 declining with 146 unchanged.

The Electronics industry currently sits down 1.3% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the industry include Trimble Navigation ( TRMB), down 2.1%, NXP Semiconductors ( NXPI), down 2.1%, Avago Technologies ( AVGO), down 2.0%, Agilent Technologies ( A), down 1.9% and TE Connectivity ( TEL), down 1.7%.

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

3. Corning ( GLW) is one of the companies pushing the Electronics industry lower today. As of noon trading, Corning is down $0.21 (-1.0%) to $21.14 on light volume. Thus far, 4.7 million shares of Corning exchanged hands as compared to its average daily volume of 12.9 million shares. The stock has ranged in price between $21.06-$21.36 after having opened the day at $21.27 as compared to the previous trading day's close of $21.35.

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 $30.0 billion and is part of the technology sector. Shares are up 19.8% year-to-date as of the close of trading on Friday. Currently there are 8 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 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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