Here's Why Corning (GLW) is a Strong Momentum Stock

Core Insights - Zacks Premium offers various tools to help investors make informed decisions and enhance their confidence in the stock market [1] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing a framework for investors to identify securities likely to outperform the market in the short term [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Style Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook, helping investors capitalize on upward or downward price movements [3] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, serving as a comprehensive indicator for stock selection alongside the Zacks Rank [4] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [6] - Stocks with lower ranks, even if they have high Style Scores, may still face downward price pressure due to negative earnings outlooks [6] Company Spotlight: Corning Incorporated - Corning, a company with a long history in glass technology, operates under six segments and is currently rated 3 (Hold) with a VGM Score of B [8] - The company has seen a 7.7% increase in share price over the past four weeks, and its earnings estimate for fiscal 2024 has been revised upwards by analysts [8] - With a solid Zacks Rank and favorable Momentum and VGM Style Scores, Corning is positioned as a noteworthy investment opportunity [9]