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By Market News Video Staff, Wednesday, November 17, 11:52 AM ET
Corning (NYSE:GLW) was downgraded by Oppenheimer & Co. from outperform to perform. Corning, the top producer of glass for flat-screened televisions, could be hurt by increasing demand for tablet computers, which could take sales away from televisions.
Corning shares are trading higher by 0.8% despite the downgrade today.
At 12.49% of the portfolio, Corning is the second-largest holding in the Broadband HOLDRS (BDH) fund, trading higher by 2.6% today. Qualcomm (NASDAQ:QCOM) is the top stock, at 57.33% of the fund. Motorola (MOT) is 11% of the fund, followed by Broadcom (NASDAQ:BRCM), at 9.44%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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