Corning Inc. (GLW) engages in the manufacture and processing of specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, manufactures glass substrates for active matrix liquid crystal displays (LCDs) that are used primarily in notebook computers, flat panel desktop monitors and LCD televisions; Telecommunications, which produces optical fiber and cable, and hardware and equipment products, such as cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and pedestals, splice and test equipment, and other accessories for optical connectivity to the telecommunications industry, as well as optical fiber technology products for various applications, such as premises, fiber-to-the-premises access, metropolitan, long-haul and submarine networks; Environmental Technologies, which offers ceramic technologies and solutions for emissions and pollution control in mobile and stationary applications, including gasoline and diesel substrate and filter products; Specialty Materials, which manufactures products that provide approximately 150 material formulations for glass, glass ceramics and fluoride crystals used in commercial and industrial market; and Life Sciences, which offers microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, glass beakers, pipettors, serological pipettes, centrifuge tubes and laboratory filtration products.

Founded in 1851, the Company is based in Corning, New York.

Source: Reuters.com, SEC Filings, FY ending December

GLW reported third-quarter net profit of $643 million, or 41 cents a share, down from $768 million, or 49 cents, it posted in the year-ago quarter. On an adjusted basis, the Company said it would have earned of 42 cents a share, which is above analysts’ forecast of 38 cents a share. Revenues declined 5% to $1.48 billion from $1.55 billion a year ago, but was also above analysts’ forecasts of $1.42 billion.

“The improvement we have seen over the past two quarters has increased our optimism for the fourth quarter,” Wendell P. Weeks, chairman and CEO stated in the Company’s press release. “Retail sales for LCD televisions remained strong throughout the third quarter, and we believe this will continue into the fourth quarter, which is typically the heaviest retail buying period. This demand has allowed the global LCD supply chain to maintain appropriate inventory levels.”

For next year, the Company expects its worldwide unit sales of LCD televisions next year to reach 156 million, a 20% increase over 2009. In addition, it forecast its computer notebook sales to grow by about 20%, while desktop monitor sales are expected to increase about 4% for the year. “If these retail forecasts are correct and glass supply chain inventories remain manageable, as we expect, then next year could see very robust gains in worldwide glass volume,” stated vice chairman and CFO James B. Flaws.

Moving Average

GLW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.

MACD

The MACD for GLW currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.

Bollinger Bands

GLW has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, GLW is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Source: http://www.scottrade.com

RadioShack Corp. (RSH) is one of the nation’s leading specialty retailers of consumer electronic goods and services. Its products include wireless telephones and communication devices, such as scanners and global positioning satellite navigation units; flat panel televisions, residential telephones, DVD players, computers, and direct-to-home (DTH) satellite systems; home entertainment, wireless, imaging, and computer accessories; general and special purpose batteries; wire, cable, and connectivity products; and digital cameras, radio-controlled cars and other toys, satellite radios, and memory players. The Company also provides consumers access to third-party services, such as wireless telephone and DTH satellite activation, satellite radio service, prepaid wireless airtime, and extended service plans. In addition, it manufactures various products, including telephony, antennas, wire, and cable products, as well as hard-to-find parts and accessories for consumer electronics products.

Headquartered in Fort Worth, Texas, RSH has approximately 4,470 company-operated stores; almost 1,300 dealer outlets; more than 450 wireless phone kiosks throughout the U.S.; and, approximately 200 company-operated stores in Mexico.

Source: Reuters.com, SEC Filings, FY ending December

Shares of RSH were boosted after the Company reported better-than-expected revenue and improved margins for the third quarter ended September 30, 2009. Net income for the quarter came in at $37.4 million, or $0.30 per diluted share, which was below Wall Street estimate. However, total net sales and operating revenues were $990 million, topping analysts’ expectation of $961.7 million

For the first nine months of 2009, operating income was $237.2 million, or 8% of sales, compared with operating income for the first nine months of 2008 of $220.4 million, or 7.4% of sales.

RSH CFOR Jim Gooch commented on the earnings report, “Our financial performance improved in the latter part of the quarter, primarily driven by our strong mobility business combined with an economy showing some signs of potential stabilization.”

Moving Average

RSH is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

MACD

The MACD for RSH currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.

Bollinger Bands

RSH’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, RSH is trading near its upper Bollinger Band. This suggests that the stock price is high relative to its recent price action.

Source: http://www.scottrade.com

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