Why Corning (GLW) is a Top Momentum Stock for the Long-Term

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors identify stocks with high potential for market outperformance [2] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each assessing different investment characteristics [2][3][4] - Value Score focuses on identifying undervalued stocks using financial ratios [2] - Growth Score evaluates a company's future growth potential based on earnings and sales projections [3] - Momentum Score identifies trends in stock price movements to optimize entry points for investments [3] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [4] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6] Company Spotlight: Corning Incorporated (GLW) - Corning, established in 1936, specializes in advanced glass technologies across various markets and operates under six segments [7] - Currently rated 3 (Hold) by Zacks, Corning has a VGM Score of B and a Momentum Style Score of A, with a recent 2.7% increase in share price over the past month [7] - Analysts have raised earnings estimates for Corning, with the Zacks Consensus Estimate for fiscal 2024 now at $1.87 per share, reflecting a positive outlook [7]