Are You Looking for a Top Momentum Pick? Why Corning (GLW) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Summary: Corning (GLW) - Corning currently has a Momentum Style Score of B, indicating strong potential for momentum investing [2] - The company holds a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] - Over the past week, GLW shares increased by 6.21%, significantly outperforming the Zacks Communication - Components industry, which rose by 0.8% [5] - In a longer timeframe, GLW's shares have appreciated by 10.1% over the past month, compared to the industry's 1% [5] - Over the last quarter, Corning's shares surged by 43.4%, and over the past year, they have gained 75.88%, while the S&P 500 only increased by 8.78% and 20.41%, respectively [6] - The average 20-day trading volume for GLW is 6,199,904 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, five earnings estimates for GLW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.35 to $2.46 [9] - For the next fiscal year, five estimates have also moved higher without any downward revisions, indicating positive sentiment around the company's earnings potential [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Corning is positioned as a solid momentum pick with a Zacks Rank of 2 (Buy) and a Momentum Score of B [10]