Universal Display Corporation is a leader in developing and delivering state-of-the-art, organic light emitting diode technologies, materials and services to the display and lighting industries. The company was founded in 1985 and is based in Ewing, New Jersey.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Universal Display Corp. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
Universal Display (NASDAQ: OLED) and Corning (NYSE: GLW) are both top supply chain players in the display panel market. Universal owns the world's largest portfolio of OLED display patents, and sells the raw materials for their production. Corning develops chemically hardened glass for LCD and OLED display panels, including Gorilla Glass, which is widely used in smartphones, tablets, and other consumer electronics.