When I opened my portfolio this morning, I was shocked to see Corning/GLW (“Glassworks”) down so much. Apparently, it’s because UBS downgraded it from buy to neutral. I thought I’d post it here in case anyone else is wondering what happened. Their earnings are 7/25.
I have a small portfolio my late father gave me a long time ago, which I didn’t touch until recently, just to add stuff. He was heavily into Corning for the dividend I suspect, and because they make a lot of the glass used in tech.
It will be interesting to see what happens at earnings. I like the stock because it’s one of my best dividend stocks, although now it’s only like a 3% dividend.
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