Corning stock always seems cheap and now looks especially compelling after its big drop on second-quarter earnings, which fell 39%. They met estimates, but the main weakness continues to be revenue. With Apple selling 26 million iPhones, you might expect Corning to get a boost, but the turnaround still has not come.
Corning has been one of the many companies to benefit from Apple's rise. Apple is the most influential company in technology and has delivered market-smashing returns for those lucky enough to invest in the company. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand new report that details when to buy and sell Apple. To get started, just click here now.
Austin Smith owns shares of Corning. Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Corning. Motley Fool newsletter services recommend Apple and Corning. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.