Diamonds and Dogs

10/29/24

Corning (GLW) shining brightly, up 7% to a new 52 week high on earnings. Corning also raised guidance g. Corning's glass and optical component generated 36% growth driven by strong adoption for new connectivity products for GenAI. AT&T's is also looking to use their fiber network to help bring high-speed internet to more Americans.

Ford (F) is the dog today down 8% on heavy volume, not far from a 52 week low. Ford did beat by 3 cents as sales rose 5.5% to $46.2 billion. However, Ford provided downside guidance to earnings, cash flow and sales due to weakness in their EV car and truck segment which continues to hemorrhage losses. Morgan Stanley analyst believes estimates may have to continue to come down.

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