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SPECIAL ALERT: GLW EPS beat pops our call option

Earlier today, Disruptive Technology investment theme company Corning (GLW) reported 3Q 2017 results that were ahead of expectations and the company offered an upbeat outlook for what’s ahead in the coming quarter. More specifically, for the quarter Corning reported EPS of $0.43 vs. the expected $0.41 on revenue that was modestly better than expected — $2.61 billion vs. the consensus expectation of $2.59 billion.

This EPS beat followed by bullish commentary on the subsequent earnings call popped GLW shares more than 6%, leading the Corning (GLW) November 17, 2017, $31 calls (GLW171117C00031000) on the Tematica Options+ Select List to pop more than 175% to 1.26 vs. our 0.63 buy-in price.

Given we only have several weeks to go until this GLW call option expires, we’re inclined to “take the money and run” as they say, being mindful that we are seeing more turbulent waters as more companies report 3Q 2107 results.

 

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

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