Jim Cramer Couldn't Stop Praising Corning Incorporated (GLW)

We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Corning Incorporated (NYSE:GLW) is one of the stocks Jim Cramer recently discussed.

Corning Incorporated (NYSE:GLW) has become one of the most favored stocks on Wall Street recently. Its shares have gained 25% since late July, in a move that most people have failed to foresee. The reason Corning Incorporated (NYSE:GLW)’s shares have gained is the firm’s business model. It makes and sells glass products, and its customers include tech giant Apple, which uses Corning Incorporated (NYSE:GLW)’s glass screens in its products. The shares jumped in July after Apple announced a $2.5 billion investment in the firm to expand its US supply chain. Cramer couldn’t stop gushing about Corning Incorporated (NYSE:GLW):

“I’d rather buy a Corning which is up. Now I think Corning is a terrific situation. They’ve got all, they’ve got the glass, talk about the ability to have a supply chain.”

Previously, the CNBC TV host discussed Corning Incorporated (NYSE:GLW)’s business practices:

“You know, I think they had to talk about Corning. Actually, I don’t know if you guys heard, on Squawk, but, they’ve been the favorite guys even when Steve Jobs ran it. Walter Isaacson knows more than anybody. . .what I think is amazing, I covered that family when I was at Goldman Sachs. They’ve been quietly making the best, including fiber. And what I think the president has to do, working with Tim Cook, is find others that can be like Corning. But it’s the history of being the best. We do not have the history of being the best for a lot of other products. That has to change. And I think everyone here is just saying, it won’t matter. No, I think this is a very significant expansion. I don’t take this lightly. I think that we’re gonna start a supply chain and this is how it starts. This is how the supply chain starts.”

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Disclosure: None. This article is originally published at Insider Monkey.