Corning Rises to 52-Week High

Filed under: Corning Inc (GLW), Stocks to Buy

LCD giant Corning Incorporated (GLW), first discussed on April 30, 2010 at a price of $19.65, appears to be starting to reward investors' patience, after meandering for the second half of 2010, hence the trade has been maintained.



Look for Corning's revenue to surge 25-30% in 2010, then rise 8-12% in 2011, as the recovery in the display sector continues.



Corning, the world's largest manufacturer of liquid crystal displays, is well-positioned to benefit from increased demand for flat-panel televisions, as well as computer monitors. Rising China-based demand, ample room for market share gains in other emerging market countries, a solid balance sheet, and cost cuts add to the positive story. Also, margins should rise to about 42% in 2011.

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Corning Rises to 52-Week High originally appeared on BloggingStocks on Wed, 26 Jan 2011 17:30:00 EST. Please see our terms for use of feeds.

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