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

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 higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.2%. By the end of trading, Corning rose $0.23 (1.1%) to $20.97 on average volume. Throughout the day, 17,044,627 shares of Corning exchanged hands as compared to its average daily volume of 12,711,400 shares. The stock ranged in a price between $20.35-$21.30 after having opened the day at $21.23 as compared to the previous trading day's close of $20.74. Other companies within the Electronics industry that increased today were: Ascent Solar Technologies ( ASTI), up 9.3%, Aetrium ( ATRM), up 7.7%, Bel Fuse ( BELFA), up 7.4% and Alliance Fiber Optic Products ( AFOP), up 6.9%.

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 $29.5 billion and is part of the technology sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Corning a buy, 1 analyst rates it a sell, and 8 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Eltek ( ELTK), down 23.6%, Sequans Communications ( SQNS), down 15.4%, Plug Power ( PLUG), down 13.2% and Canadian Solar ( CSIQ), down 11.0% , were all laggards within the electronics industry with Micron Technology ( MU) being today's electronics industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba

Verizon No Longer Interested in Buying a Cable Operator, CEO Says

Apple's Strong Guidance Now Makes Perfect Sense

Broadcom and Others Should Be iPhone 8 Winners, but Synaptics Might Be a Loser

Corning, Hasbro, Procter & Gamble: 'Mad Money' Lightning Round