Corning Inc. (GLW) is a New York-based technology company that manufactures specialty glass, ceramics, and other materials for the automotive, telecommunications, and industrial markets.
Back in July, the company reported strong earnings – fueled by mobile-device and 5G-material demand.
GLW said its second-quarter earnings per share were $0.53 compared to the anticipated $0.51. The company’s revenue came in at $3.5 billion, beating Wall Street’s estimated $3.4 billion.
At the time, GLW’s Chief Financial Officer Tony Tripeny said that the company’s sales increased by more than $1 billion from the year prior. He also said its revenue was $500 million higher than it was in the same period in 2019.
These results, combined with ongoing demand for speciality glasses, pushed Deutsche Bank to give GLW shares a “buy” rating, with a price target of $45.
This would suggest the company could see 22% upside as we move closer to GLW’s third-quarter earnings date, which is expected to be on October 26.
We're not even halfway through 2022…
And if you're over the age of 50, you could soon see the effects in your retirement account.
We're still coping with severe shortages around the world – from beef, baby formula, oil, gas, and much more…
More than $7 trillion has been wiped out from the stock market and over $1 trillion of crypto dissipated this year…
Meanwhile, geopolitical tensions with China and Russia continue to rage on.
According to one financial analyst behind 24 different winning stock recommendations of at least triple digit gains to date in his research, a far more dramatic financial event is on the horizon…
And it could soon blindside millions of Americans in the coming weeks.
I recently sat down with him to hear exactly what he's warning, and what it means for your money.
He told me we're in the early stages of a panic in the stock market – but not the kind most people expect.
In fact, it's already begun. And unfortunately, most hardworking Americans won't understand what's going on until it's too late.
That's why he asked me to personally share our interview with as many people as possible this week. It's 100% free to watch today.
I should warn you: What he has to say is controversial… and not at all what you'll hear from the mainstream press…
But at least today, you can view our interview right here.