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

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.

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.

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

2. As of noon trading, SolarCity ( SCTY) is down $3.53 (-6.0%) to $55.55 on heavy volume. Thus far, 4.3 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $54.17-$59.01 after having opened the day at $57.07 as compared to the previous trading day's close of $59.08.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $5.5 billion and is part of the technology sector. Shares are up 4.0% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate SolarCity a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity Ratings Report now.

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

1. As of noon trading, Micron Technology ( MU) is down $0.89 (-3.9%) to $21.69 on heavy volume. Thus far, 34.7 million shares of Micron Technology exchanged hands as compared to its average daily volume of 32.1 million shares. The stock has ranged in price between $21.51-$22.98 after having opened the day at $22.52 as compared to the previous trading day's close of $22.58.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $25.5 billion and is part of the technology sector. Shares are up 3.8% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Micron Technology Ratings Report now.

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

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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