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Corning Incorporated (GLW)

NYSE - Nasdaq Real Time Price. Currency in USD
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32.76+1.15 (+3.64%)
At close: 04:03PM EDT
32.64 -0.12 (-0.37%)
After hours: 07:18PM EDT
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Commodity Channel Index

Commodity Channel Index

Previous Close31.61
Bid32.70 x 1800
Ask32.79 x 1000
Day's Range31.92 - 32.79
52 Week Range30.96 - 43.47
Avg. Volume5,247,954
Market Cap27.669B
Beta (5Y Monthly)0.92
PE Ratio (TTM)26.42
EPS (TTM)1.24
Earnings DateJul 25, 2022 - Jul 29, 2022
Forward Dividend & Yield1.08 (3.30%)
Ex-Dividend DateMay 27, 2022
1y Target Est43.18
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
-6% Est. Return

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  • Corning Incorporated
    Daily Spotlight: Stock Valuations Remain a RiskOur bond/stock asset-allocation model is indicating that both stocks and bonds are overvalued, and the recent sell-off in fixed-income securities has pushed up the valuation on stocks, despite the concomitant drop in stock prices. Our model takes into account current levels and forecasts of short-term and long-term government and corporate fixed-income yields, inflation, stock prices, GDP and corporate earnings, among other factors. The model output is expressed in terms of standard deviations to the mean, or sigma. The mean reading, going back to 1960, is a modest premium for stocks, of 0.15 sigma, with a standard deviation of 1.0. The current valuation level is a 1.0 sigma premium for stocks, which is still within the normal range. The model has done a good job of highlighting asset class value. For example, stocks were very attractive compared to bonds in the late 1970s, when benchmark Treasury rates were in the high teens before heading consistently lower, in part due to the benefits of globalization. The model indicated that stocks were at a sharp premium compared to bonds prior to the "dot-com" crash of 2001 and also at a premium prior to the Great Recession. Starting in 2009, at the depths of the financial crisis, the model favored stocks over bonds -- another good call. Markets can manage with premiums and discounts for extended periods. Our current recommended asset allocation model for moderate accounts is 70% growth assets, including 65% equities and 5% alternatives; and 30% fixed income, with 200 basis points of the bond allocation in cash.
    Fair Value
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