요약
Corning (GLW) has experienced unusual price volatility with a parabolic squeeze in late June, and now trades below its pre-earnings level from last quarter. The author views Corning as a fundamentally durable company but cautions that stock performance may not align with company quality, setting the stage for his pre-earnings assessment.
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•Corning experienced a 'parabolic squeeze in late June that was very unprecedented and uncalled for.'
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•The stock is currently 'at a level lower than we were at going into the last earnings call.'
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•Author describes Corning as 'one of the most durable COMPANIES' but warns 'that doesn’t mean the stock will reflect that.'
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•The report will cover what the author anticipates during the call, valuation views, and potential price direction.