3 Stocks Pushing The Electronics Industry Downward

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 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Electronics industry currently sits down 0.8% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include United Microelectronics ( UMC), down 2.3%, ASML ( ASML), down 2.2%, Agilent Technologies ( A), down 1.2% and KLA-Tencor Corporation ( KLAC), down 1.2%.

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 $0.20 (-1.0%) to $20.56 on average volume. Thus far, 8.5 million shares of Corning exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $20.30-$20.64 after having opened the day at $20.33 as compared to the previous trading day's close of $20.77.

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 $29.4 billion and is part of the technology sector. Shares are up 16.6% year-to-date as of the close of trading on Thursday. 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, Texas Instruments ( TXN) is down $0.27 (-0.6%) to $45.26 on average volume. Thus far, 3.8 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $44.73-$45.74 after having opened the day at $44.77 as compared to the previous trading day's close of $45.53.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $51.1 billion and is part of the technology sector. Shares are up 3.7% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Texas Instruments 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, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Texas Instruments 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 $0.23 (-1.1%) to $21.45 on average volume. Thus far, 18.6 million shares of Micron Technology exchanged hands as compared to its average daily volume of 31.7 million shares. The stock has ranged in price between $21.21-$21.93 after having opened the day at $21.49 as compared to the previous trading day's close of $21.68.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $24.2 billion and is part of the technology sector. Shares are down 0.3% year-to-date as of the close of trading on Thursday. Currently there are 12 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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