CNBC Investing Club: Cramer’s Morning Take on Corning 7/28/26

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:28)
Starting that seat on the committee, we're promoting.

**SPEAKER_1** (0:30)
To boost quarterly earnings.

**SPEAKER_3** (0:31)
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**Jim Cramer** (0:59)
Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

**Jeff Marks** (1:21)
A lot of these bottleneck stocks, they made parabolic moves, right? Just charts that all look the same like that in June. They're all coming down. Many are all 50% from their highs, whether it be Micron, Seagate, Western Digital.

**Jim Cramer** (1:35)
Parabolic moves must be sold. We sold so much Corning because it was a parabolic move. Parabolic moves go up, okay, and then they come down faster. And the one thing they don't do is stop where it began. And that's because you really begin to get heavily margined sellers right here having to get blown out. It's not new.
It's been seen time and again. And this is not different. I just hope that not, you know, we do have stocks in it. I don't want them annihilated. You can say, listen, you should sell your Eaton or you should sell your GEV. Got big gains in it. I don't know. We have to discuss that.
We, have we taken off enough GEV? I don't know. I don't want to find out that OpenAI is doing really great. And then boom, you know, you want to have some data center on, but not as much data center even as we have.

**Jeff Marks** (2:25)
And there's a lot of good things from the Corning quarter. It doesn't matter though, and I think that's clear, because it was going up, you know, going up maybe a lot of on margin as well, and that's all coming down. But the quarter itself, they beat revenues by 100 million, EPS 78 cents versus 76
Optical communication revenue grew 32%. It was better than expected. Sales to AI data centers nearly doubled in the quarter. The company said orders are accelerating. Scale up, photonics, not even in the numbers yet. Longer term, the company thinks they're going to deliver a sales cager of 19% from the fourth quarter of this year to the fourth quarter of 2030, earnings growing faster in sales.
Third quarter, sure, revenue 4.9 billion to 5 Analysts were looking for 5 EPS was a little bit better than expected. But it doesn't matter because the market is saying that perhaps this might not last for as long as what the company is saying.

**Jim Cramer** (3:22)
Walmart is going back to 120, and Costco is going to 1,100, 1,200. The market has switched. It's decided that interest rates may not be going up as high. Some of that is oil.
And it's decided, let's take money out of this and put it in Coca-Cola. That is what happened in March and April of 2000 And you know what? I mentioned something like that. You might just say it's not relevant because a company like Nvidia is doing so well, and it's got a good balance sheet. Yeah, well, I'm not talking about the stocks being cut in half or going to zero. I'm just saying that if you look at when Nvidia was, where it was much higher, it's gotten hurt. If you look at Intel, where we bought, we're getting hurt. And I don't want to be oblivious. I don't want to tell people, hey, listen, we're doing great on these. But I do want to point out that we did a lot of selling, and I'm very proud that we did a lot of selling.