Hot Stocks: 3 Sleeping Giants About to Dominate Their Sectors

Core Viewpoint - Certain stocks, referred to as "stealth stocks," are quietly dominating their industries while remaining under the radar of many retail investors, primarily due to a lack of media coverage and attention [1] Group 1: Corning (GLW) - Corning's shares have increased by 12% following an upward revision of its Q2 revenue guidance from $3.4 billion to $3.6 billion [2] - The company forecasts earnings per share (EPS) at the high end of 42 to 46 cents, driven by rising demand for its optical connectivity products related to artificial intelligence [2] - Corning's stock has appreciated by 41% year-to-date, transitioning from a consumer products focus to a technology-oriented company [3] Group 2: Eli Lilly (LLY) - Eli Lilly has received FDA approval for its Alzheimer medication, "Donanemab," which is anticipated to be a blockbuster drug [4] - The company is acquiring Morphic Holding for $3.2 billion, aiming to enhance its presence in gastroenterology, particularly for chronic diseases [5] - LLY stock has surged by 102% over the past year, reflecting strong performance in the pharmaceutical sector [5] Group 3: UBS (UBS) - UBS has strengthened its market position following the merger with Credit Suisse, which was completed on July 1 for $3.2 billion [6] - The merger has resulted in UBS having a balance sheet twice the size of Switzerland's economy, enhancing its competitive edge against major international banks [6] - UBS stock has risen by 52% in the last 12 months, solidifying its status as a dominant player in the banking sector [6]