Continue reading Do Happy Employees Result in Better Stock Returns?

Do Happy Employees Result in Better Stock Returns? originally appeared on BloggingStocks on Tue, 29 Mar 2011 10:00:00 EST. Please see our terms for use of feeds.

The stock of LCD star Corning (GLW), first discussed on April 30, 2010, at a price of $19.65, has pulled back to about $21 after pushing $24, but investors should just view that retreat as an opportunity to scoop up shares of a premiere company.

Corning's revenue will probably surge 10% to 12% in 2011, after a 24% jump in 2010, 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.

Continue reading Has Corning's Pullback Created an Opportunity?

Has Corning's Pullback Created an Opportunity? originally appeared on BloggingStocks on Sun, 27 Mar 2011 13:40:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Aetna (AET) to buy from neutral at Goldman.
• Kellogg (K) to buy from neutral at UBS.
• PetSmart (PETM) to outperform from market perform at JMP Securities.
• NetApp (NTAP) and Scripps Networks (SNI) to buy from hold at Wunderlich.
• Thoratec (THOR) to buy from hold at Auriga.
• ArcelorMittal (MT) to overweight from neutral at HSBC.
• Bristol-Myers (BMY) to outperform from neutral at Cowen.
• Eaton Vance (EV) to neutral from sell at Ticonderoga.
• Adtran (ADTN) to buy from underperform at BofA/Merrill.

Continue reading Analyst Calls: AET, BMY, DVN, GLW, K, MRK, MT, PETM, SPLS, WY ...

Analyst Calls: AET, BMY, DVN, GLW, K, MRK, MT, PETM, SPLS, WY ... originally appeared on BloggingStocks on Mon, 07 Feb 2011 11:40:00 EST. Please see our terms for use of feeds.

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% to 30% in 2010, then rise 8% to 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.

Continue reading Corning Rises to 52-Week High

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.

Analyst upgrades:

• Verizon (VZ) to conviction buy from buy at Goldman.
• CSX (CSX) to outperform from market perform at Wells Fargo.
• AK Steel (AKS) to overweight from neutral, as well as Lorillard (LO) and Fifth Third Bancorp (FITB) to neutral from underweight, at JPMorgan.
• Marathon Oil (MRO) to overweight from equal weight at Morgan Stanley.
• Corning (GLW) to buy from outperform at CLSA.
• Quest Diagnostics (DGX) to buy from hold at Jefferies and to outperform from sector perform at RBC Capital.
• Salesforce.com (CRM) to buy from neutral at Roth Capital.
• Baker Hughes (BHI) to buy from hold at Weeden and to outperform from neutral at Macquarie.
• Western Digital (WDC) and Seagate (STX) to buy from underperform at BofA/Merrill.

Continue reading Analyst Calls: AKS, CIEN, CRM, CSX, DGX, GLW, LO, MRO, OXY, STX, VZ ...

Analyst Calls: AKS, CIEN, CRM, CSX, DGX, GLW, LO, MRO, OXY, STX, VZ ... originally appeared on BloggingStocks on Wed, 26 Jan 2011 12:30:00 EST. Please see our terms for use of feeds.

Continue reading Corning Rises on Improved LCD Forecast

Corning Rises on Improved LCD Forecast originally appeared on BloggingStocks on Wed, 08 Dec 2010 12:50:00 EST. Please see our terms for use of feeds.

I first discussed Corning (GLW) on April 30, 2010, at a price of $19.65, and the shares continue to meander. But the calculation here is to maintain the trade. Even so, GLW is trying investors' patience.

Corning's shares should have exhibited some traction by now. Corning's revenue will likely surge 25% to 30% in 2010, then rise 7% to 10% in 2011, as the recovery in the display sector continues.

Continue reading Corning Is Trying Investors' Patience

Corning Is Trying Investors' Patience originally appeared on BloggingStocks on Tue, 07 Dec 2010 12:10:00 EST. Please see our terms for use of feeds.

Corning Incorporated (GLW) issued Q3 numbers earlier today. The market decided to give the stock a boost after digesting the data, but results were somewhat mixed.

The press release says that adjusted profit increased over 20% to 51 cents per share. This was in comparison to last year's performance. On a sequential basis, per-share income actually declined 12%. Also, according to this summary from Briefing.com, expectations were set at 52 cents per share. If only the management team could have delivered an extra penny or two. Can't always happen, my investing friends.

Continue reading Corning: Buy or Sell After Q3 Report?

Corning: Buy or Sell After Q3 Report? originally appeared on BloggingStocks on Mon, 01 Nov 2010 18:00:00 EST. Please see our terms for use of feeds.

Continue reading Corning Soars on CFO's Comments

Corning Soars on CFO's Comments originally appeared on BloggingStocks on Tue, 14 Sep 2010 13:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Wells Fargo believes Intuitive Surgical (ISRG) da Vinci procedures remain under penetrated and that consensus estimates are too low. The firm upgraded shares to outperform from market perform and raised its valuation range to $340 to $360.
• Cantor Fitzgerald upgraded Westamerica (WABC) to buy from hold due to the company's FDIC-assisted acquisition of Sonoma Bank and what the firm sees as Westamerica's defensive nature. The firm set a $62 target on the stock.
• Oppenheimer upgraded Corning (GLW) to outperform from perform based on valuation and the belief that downward revisions have peaked. The firm has a $20 target on the stock.
• Quality Systems (QSII) was upgraded to outperform from market perform at JMP Securities.
• OpenTable (OPEN) and Windstream (WIN) were upgraded to buy from neutral at BofA/Merrill.

Continue reading Analyst Calls: FDO, GLW, ISRG, MDT, N, NLY, QLIK, RLD, TSL, WABC ...

Analyst Calls: FDO, GLW, ISRG, MDT, N, NLY, QLIK, RLD, TSL, WABC ... originally appeared on BloggingStocks on Wed, 25 Aug 2010 12:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Goldman upgraded Republic Services (RSG) to buy from neutral and raised its price target to $34 from $32. The firm cites valuation for the upgrade.
• Deutsche Bank upgraded MeadWestvaco (MWV) to buy from hold due to valuation and keeps a $29 price target for shares.
• UBS upgraded Symantec (SYMC) to buy from neutral.
• Lloyds Banking (LYG) upgraded to add from neutral at WestLB.
• Ternium (TX) was upgraded to overweight from equal weight at Barclays.

Continue reading Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...

Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ... originally appeared on BloggingStocks on Fri, 20 Aug 2010 09:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Bernstein upgraded Corning (GLW) to outperform from market perform based on Gorilla glass prospects and valuation. The firm raised its price target to $22 from $21.
• RBC Capital upgraded Beckman Coulter (BEC) two rating levels to outperform from underperform, citing valuation and customer checks that indicate high retention rates. The firm upped its target for shares to $65 from $55.
• Credit Suisse upgraded Canadian Pacific (CP) to outperform from underperform. The firm expects Canadian Pacific to have stronger-than-average Q2 volume growth, improved productivity and notes leverage to growth in Asia, among other reasons for the upgrade. The firm raised its target to $75 from $59.
• Freeport McMoRan (FRX) was upgraded to overweight from neutral at HSBC.
• Solera (SLH) was upgraded to strong buy from buy at Needham.
• Jefferies upgraded IPC The Hospitalist Co. (IPCM) to buy from hold.

Continue reading Analyst Calls: BEC, BRCM, CP, CVS, DO, GLW, INTC, LMT, NE, NVDA, RIG, RTN ...

Analyst Calls: BEC, BRCM, CP, CVS, DO, GLW, INTC, LMT, NE, NVDA, RIG, RTN ... originally appeared on BloggingStocks on Tue, 08 Jun 2010 12:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Bernstein upgraded Boeing (BA) to outperform from market perform, citing valuation. The firm also raised its price target to $81 from $80.
• Wells Fargo upgraded Thomas & Betts (TNB) to outperform from market perform, citing valuation and an expected recovery in North American nonresidential construction.
• RBC Capital upgraded Susquehanna (SUSQ) to outperform from sector perform and has a $14 target on the stock. The firm thinks the stock's valuation is attractive as its decline in response to the European debt crisis and financial regulatory reform has been overdone.
• Priceline.com (PCLN) was upgraded to buy from hold at KeyBanc.
• Genzyme (GENZ) was upgraded to neutral from underweight at JPMorgan.
• RightNow (RNOW) was upgraded to overweight from market weight at Thomas Weisel.

Continue reading Analyst Calls: A, BA, DPS, DVOX, GENZ, GLW, GR, HAL, PCLN, SUSQ, TCRD, TNB ...

Analyst Calls: A, BA, DPS, DVOX, GENZ, GLW, GR, HAL, PCLN, SUSQ, TCRD, TNB ... originally appeared on BloggingStocks on Tue, 01 Jun 2010 11:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Argus upgraded Weyerhaeuser (WY) to buy from hold, citing the better-than-expected Q1 report and expectations that the company is about to be profitable. The firm has a $59 target on the stock.
• Weeden upgraded Cameron (CAM) to buy from hold as it views the recent sell-off as overdone.
• Oppenheimer upgraded Mobile Mini (MINI) to outperform from perform based on valuation and what the firm sees as the company's attractive risk/reward ratio. The firm set a $25 target.
• Johnson Controls (JCI) was upgraded to buy from hold at Deutsche Bank.
• EnerNOC (ENOC) was upgraded to buy from neutral at Janney Montgomery.
• Checkpoint (CKP) was upgraded to outperform from neutral at Baird.

Continue reading Analyst Calls: BLK, CAM, GLW, HAIN, MINI, RIG, SWM, TNDM, WY ...

Analyst Calls: BLK, CAM, GLW, HAIN, MINI, RIG, SWM, TNDM, WY ... originally appeared on BloggingStocks on Thu, 06 May 2010 11:40:00 EST. Please see our terms for use of feeds.

Continue reading Corning: LCD Play and More

Corning: LCD Play and More originally appeared on BloggingStocks on Fri, 30 Apr 2010 15:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• JPMorgan upgraded T. Rowe Price (TROW) to overweight from neutral while downgrading Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $67 price target for T. Rowe Price shares.
• Piper Jaffray upgraded Lincoln Electric (LECO) to overweight from neutral as it believes the rebound in global manufacturing is accelerating. The firm has a $70 price target on the stock.
• Wells Fargo upgraded Highwoods Properties (HIW) to market perform from underperform, citing valuation and a strong balance sheet.
• Corning (GLW) was upgraded to outperform from sector perform at RBC Capital.
• Allergan (AGN) was upgraded to conviction buy from neutral at Goldman.
• Mohawk (MHK) was upgraded to buy from neutral at SunTrust.

Continue reading Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ...

Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ... originally appeared on BloggingStocks on Mon, 19 Apr 2010 11:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• FBR Capital upgraded Nike (NKE) to outperform from market perform. The firm believes the company's momentum is building following the better-than-expected Q3 report and raised its target for the stock to $84 from $67.
• Thomas Weisel upgraded Corning (GLW) to overweight from market weight, citing improving profitability and cash flow trends. The firm has a $24 price target for shares.
• Deutsche Bank upgraded Burger King (BKC) to buy from hold, citing valuation and potential positive catalysts from the bottoming of sales trends and easy comparisons. The firm raised its price target on shares to $24 from $19.
• Broadcom (BRCM) was upgraded to buy from neutral at Goldman.
• Energizer (ENR) was upgraded to overweight from neutral at JPMorgan.
• Guess (GES) was upgraded to buy from hold at Lazard Capital.

Continue reading Analyst Calls: ATHN, BKC, BRCM, GES, GLW, JOYG, NDAQ, NKE, SPMD ...

Analyst Calls: ATHN, BKC, BRCM, GES, GLW, JOYG, NDAQ, NKE, SPMD ... originally appeared on BloggingStocks on Thu, 18 Mar 2010 11:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Sterne Agee upgraded American Public Education (APEI) to buy from neutral following the Q4 report and guidance. The firm has a $50 target on the stock.
• Jefferies upgraded Lamar Advertising (LAMR) to hold from underperform citing valuation and the improved ad market. The firm raised its target $30 from $22.
• Janney Montgomery upgraded Wilmington Trust (WL) to neutral from sell following the company's $250M stock offering and raised its target price on shares to $13 from $10.
• AeroVironment (AVAV) was upgraded to buy from neutral at SunTrust.
• Scripps Networks (SNI) was upgraded to overweight from equal weight at Barclays.
• TheKnot (KNOT) was raised to buy from hold at ThinkEquity.

Continue reading Analyst Upgrades, Downgrades and Initiations: APEI, CPB, FSLR, GLW, KFT, PALM ...

Analyst Upgrades, Downgrades and Initiations: APEI, CPB, FSLR, GLW, KFT, PALM ... originally appeared on BloggingStocks on Tue, 23 Feb 2010 11:00:00 EST. Please see our terms for use of feeds.

Continue reading Corning Drops on Insider Selling

Corning Drops on Insider Selling originally appeared on BloggingStocks on Mon, 22 Feb 2010 14:20:00 EST. Please see our terms for use of feeds.

Corning (GLW - option chain) stock is trading lower today after the company said it expects to see modest growth in sales and earnings in 2010, but did not offer specific forecasts. Analysts are expecting the company to earn $1.75 per share in 2010 on revenue of $6.28 billion, up from $1.28 per share and $5.4 billion, respectively. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GLW.

This morning, GLW opened at $18.10. So far today the stock has hit a high of $18.24 and a low of $16.96. As of 12:10, GLW is trading at $17.65, down 60 cents (-3.3%). The chart for GLW looks bullish and S&P gives GLW a positive 4 STARS (out of 5) buy ranking.

Continue reading Corning Dips on Modest 2010 Outlook

Corning Dips on Modest 2010 Outlook originally appeared on BloggingStocks on Fri, 05 Feb 2010 13:30:00 EST. Please see our terms for use of feeds.