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

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.4%) at 16,911 as of Tuesday, Aug. 19, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,966 issues advancing vs. 988 declining with 181 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.4%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.08 (-1.2%) to $6.32 on light volume. Thus far, 202,764 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 872,500 shares. The stock has ranged in price between $6.32-$6.37 after having opened the day at $6.34 as compared to the previous trading day's close of $6.40.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $9.8 billion and is part of the technology sector. Shares are up 33.3% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering 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, Corning ( GLW) is down $0.24 (-1.2%) to $20.12 on average volume. Thus far, 4.5 million shares of Corning exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $20.00-$20.36 after having opened the day at $20.36 as compared to the previous trading day's close of $20.37.

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 $26.0 billion and is part of the technology sector. Shares are up 14.3% year-to-date as of the close of trading on Monday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, SolarCity ( SCTY) is down $1.34 (-1.9%) to $70.70 on light volume. Thus far, 1.8 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $70.02-$71.90 after having opened the day at $71.03 as compared to the previous trading day's close of $72.05.

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 $6.7 billion and is part of the technology sector. Shares are up 26.8% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate SolarCity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, weak operating cash flow 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.

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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