"Back in the saddle it is with one of Technology analyst Ami Joseph's best ideas on the long side: Corning (GLW)," writes Hedgeye CEO Keith McCullough. "GLW is signaling immediate-term TRADE oversold within its bullish intermediate-term TREND today."
Here's a brief excerpt from Joseph's latest institutional research call on Corning:
"The Unknowns here are around TV Units. We see the setup for a classic replacement cycle bubbling up, and in this deck we walk you through the math and the catalysts as well. If we are right about the direction of TV units, Corning revenue gets a boost from units + faster shift to larger screen TV + tight glass market yielding to better pricing. 2017 is the first year in a while not facing a down year in Display GM...how will all this translate to 2018 GM."
