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Actionable news in OLED: Universal Display Corporation,

Despite Recent Stumble, Universal Display Is Still a Strong Buy

There's no denying the truth: The past week has been terrible for Universal Display ( OLED) .

Its stock is down over 13%, underperforming other display panel makers, including LG Display and AU Optronics , industrial laser maker Coherent, and lighting-class LED maker Cree.

Universal Display has suffered from a wave of selling after it reported lower-than-expected top- and bottom-line figures in its second-quarter report. Its management also forecast upcoming near-term revenue pressures.

But Universal is still a stock to buy. The underlying growth fundamentals of the company's long-term outlook...