Jim Cramer on Corning Incorporated: “We’ll Pick Some Up After the Sell, Not Before”

No, no, we ain Corning for our, the Charitable Trust. We person astir a treble successful it. I privation the banal to travel down earlier I archer radical to bargain it close present due to the fact that this market’s awful. And I deliberation that the stock, which is down $8.50 today, it could beryllium down $10 connected Monday. And I don’t privation you to bargain it and past say, hey listen, it conscionable dropped $10. I deliberation that each stocks that person moved large present are vulnerable. Corning’s vulnerable. We’ll prime immoderate up aft the sell, not before.

A banal marketplace graph. Photo by energepic.com

Corning Incorporated (NYSE:GLW) develops optical fiber, cables, and related hardware for telecommunications, and produces solid substrates for displays utilized successful TVs, computers, and mobile devices. Moreover, it supplies specialty materials, emanation power products, and laboratory equipment. During the March 2 episode, Cramer mentioned the banal portion discussing February’s noteworthy S&P 500 stocks and stated:

February’s second-best performer… is 1 of the ones that I americium astir excited about, and that is Corning. It’s a banal we ain for the Charitable Trust. It was up 45.7% past year. Now, this company’s a solid specialist. It’s been printing wealth arsenic it makes fibre optic instrumentality for the AI information halfway buildout, and that’s however the banal could quadruple successful little than a year. Now, I had my aha infinitesimal with Corning aft visiting the company’s Harrodsburg, Kentucky, solid works past September. That travel was chiefly astir their concern supplying solid for the iPhone, but I near Kentucky feeling much excited astir the fibre optic accidental than thing else, and rapidly built a sizable presumption successful this 1 for the Charitable Trust.