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I Know First Weekly Review Algorithmic Performance: August 24th, 2020

August 24, 2020

I Know First Weekly Newsletter
Investment Selection Using AI Predictive Algorithm
August 24, 2020

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GLW Stock Price Target: Why Corning Glass Can Still Bounce Back To Above $30

June 25, 2020

This GLW stock price target article is written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First

Summary:

Corning’s stock has a 1-month price return of +25.72%. I’m still endorsing it as a buy. Corning’s Valor Glass drug packaging is a pandemic winner.
The factories in China are again operating at full capacity. The second-half of 2020 will be kind to Corning Glass.
The headwind from COVID-19 is not just temporary. People and businesses are learning to adapt and function with this pandemic.
The pandemic-induced greater demand for more internet bandwidth and cloud computing is a strong tailwind for Corning’s fiber optics products.
The Price/Sales valuation of GLW is lower than its industry peers. This stock is still therefore a good-value buy.