Amphenol stock is a better pick over Corning stock due to better performance and prospects.
From Nasdaq: 2024-12-03 22:53:29
Amphenol stock (NYSE: APH) is currently a better pick than Corning stock (NYSE: GLW), trading at 6.5x trailing revenues compared to GLW’s 3.4x. APH has outperformed GLW in the last three years, with better revenue growth, profitability, and prospects, making it a solid long-term investment choice.
GLW stock has seen gains of 65% from early January 2021 to $50, while APH stock increased by 150% to $75. APH consistently outperformed the S&P 500 in the last three years, even during market downturns, showing its strength and resilience.
Amphenol’s revenue growth averaged 14.0% from $8.6 billion to $12.6 billion, outpacing Corning’s 4.7% growth. Corning’s future growth relies on new optic products, while Amphenol benefits from strong sales in its automotive and communications solutions business.
Amphenol is more profitable with a higher operating margin of 21.3% compared to Corning’s 7.1%. APH also has lower financial risk, with 6% debt compared to Corning’s 20%. The company’s solid financial position makes it a more attractive investment.
Overall, Amphenol offers better revenue growth, profitability, and financial stability than Corning, making it a more favorable choice for long-term gains. With a higher valuation multiple and strong revenue potential from AI investments, APH stock is well-positioned for future success. 1. The stock market reached a record high today, with the S&P 500 closing at 4,352.34, up 0.5% from the previous day. Tech stocks led the rally, with Apple and Microsoft both posting strong gains. Analysts attribute the surge to positive economic data and optimism about the reopening of the economy.
2. In other news, the unemployment rate dropped to 5.9% in June, the lowest level since the start of the pandemic. The economy added 850,000 jobs, exceeding expectations. Job growth was strongest in the leisure and hospitality sector, as businesses continue to hire to meet increased demand from consumers.
3. A new study found that the COVID-19 vaccine is highly effective against the Delta variant, with an efficacy rate of 93%. The study, conducted by researchers at Johns Hopkins University, analyzed data from over 10,000 vaccinated individuals. Health experts are encouraging everyone to get vaccinated to protect against the variant.
4. The housing market continues to boom, with home prices rising 16.6% in the past year. Low mortgage rates and high demand have fueled the surge, leading to a competitive market for buyers. Experts warn that the rapid price appreciation may not be sustainable in the long term, raising concerns about affordability.
Read more at Nasdaq: Pick Amphenol Over Corning Stock?