Corning Incorporated (GLW): Look Into These Electronics Companies’ Growth Businesses

Harman is a leader in its core business and would benefit from growth at its auto OEM partners, as well as new auto clients. The shares are a good long-term holding for investors willing to endure volatility.

Bringing GPS systems to additional industries

Trimble Navigation Limited (NASDAQ:TRMB) is paving the way for companies across engineering, construction, agricultural, mobile, and other economic sectors to adopt navigation technologies. Recent acquisitions are cementing its positions in these end markets, and it is winning business with the likes of unmanned aircraft and high-speed rail companies. Trimble has been spending around 13% of sales on R&D and ought to benefit from its efforts over the long term as its product lines remain cutting edge.

Trimble is, essentially, a growth company and is on track for share profits to grow 10%-15% in 2013, up from $1.33 in 2012. Shares are down from their 52-week high, but they have upside potential for the near term. Plus, given Trimble’s potential for product line expansion and company buyouts, I like the shares for their appreciation potential as a “buy and hold.”

Conclusion

Reviewing several electrical equipment companies’ research and development strategies, an eye on wireless and navigational applications that might be required down the road seems to be the highlight. Investors may reap gains from these companies’ expansions of their solid core businesses through innovation. At this juncture, I recommend all, with Trimble ranked first, followed by Corning Incorporated (NYSE:GLW) and Harman.

The article Look Into These Electronics Companies’ Growth Businesses originally appeared on Fool.com and is written by Damon Churchwell.

Damon Churchwell has no position in any stocks mentioned. The Motley Fool recommends Corning. The Motley Fool owns shares of Corning. Damon is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.