Corning, Inc (GLW): Cramer recommends buy on this stock. GLW has been on a continuous descent, falling 40% after hitting its 52 week high in February. Then, GLW issued its third quarter report. It was better than analysts expected. Revenues rose almost 30% from the same quarter last year and a “6-cent earnings beat off a 42-cent basis.” They were smart. They had lowered expectations in early September and set the bar where they knew they could reach it, then, once they did, they declared “a 50% increase in quarterly dividend… and announced a $1.5 billion buyback.” Cramer says the move signaled that the company thinks its stock is too low and Cramer thinks they are right. He called the stock is a total bargain. GLW closed Wednesday at $14.13. GLW’s forward PE ratio is 8 and the stock is expected to grow in low double digits over the next 5 years. We also believe GLW is a good long-term investment and support Cramer’s call. To know more about Jim Cramer, please go to Insider Monkey.
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Thursday, October 03, 2013
Do you want to know what are the best buy and sell from Jim Cramer? Good thing Insider Monkey made a blog about "3 Buys and 2 Sells from Jim Cramer". On Jim Cramer’s Mad Money Wednesday night (last week), he discussed a variety of stocks and talked about the recent market rally. He explained “when stocks have run too much, they often get overextended” and the price starts to matter. Eventually, it reaches a point where it is too high and investors need to step back. Of the stocks Jim Cramer discussed in detail Wednesday night, five really stand out:
Posted by Norlyn Opinaldo at 7:13 AM