Jan. 9, 2011 -
PRLog -- One of the companies making some noise at the CES is Corning Inc. (GLW). Corning the makers of Gorilla® Glass was noted by Phil Laverson, an equity portfolio manager at Matrix LLC, as one of the top buzzed about companies at this years International CES. Most know Corning Inc. (GLW) as the ceramic cookware maker, but the fact is that they have been covering some of the newest digital technologies with their Gorilla® Glass such as; Sony Corporation’
s (SNE) latest BRAVIA line of LCD televisions, Acer‘s Dual-screen ICONIA Tablet, and Microsoft’s newest version of the Surface. What’s more is that Corning Inc. (GLW) is one of the top large cap most profitable companies. Its net profit margin was 50.85% for the last 12 months and operating profit margin was 21.11% for the same period. It is currently trading at 9.5x earnings.
GLW is trading in a upward trending channel and we believe a break of 19.62 could signal a bullish move from here…we are looking at Feb calls.
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