We’re raising our Corning price target after a shortsighted post-earnings decline

We’re raising our Corning price target after a shortsighted post-earnings decline

Shares of high-tech glass maker Corning dropped 2.5% on Tuesday after climbing more than 80% this year. Investors took profits after what were solid earnings. We weren’t among them. In fact, we bought the pullback on Tuesday morning, shortly after underserved post-earnings weakness developed. Corning makes specialty glass for data center cables and screens for…

Read More
Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday

Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday

Treasury Secretary Scott Bessent will speak by phone on Friday with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, a senior Trump administration official told CNBC’s Eamon Javers. Additional details about the call, including the specific time it would take place or the next steps that…

Read More