Quality Wins Again

GLW Breaks Out While Commodities Give Back Tuesday’s Gains

Wednesday delivered the verdict: quality tech wins, commodity volatility loses. Corning (GLW) exploded 2.39% to $115.49 on massive 1.64 million shares, breaking through resistance and making new highs. Coherent (COHR) rallied 2.66% on 2.09 million shares for the third straight day. Meanwhile, Southern Copper (SCCO) gave back 2.96% of Tuesday’s 7.28% gain, and ATI dropped 3.03%. The message is clear: institutions are accumulating quality tech with earnings support, not commodity cyclicals that whipsaw.

The Star: GLW Breaks Out on Massive Volume

GLW up 2.39% to $115.49 on 1,635,202 shares. This is institutional accumulation breaking through $115 resistance. At 63 P/E with actual profits, GLW makes fiber optics, specialty glass, and substrates for every AI data center being built. The 1.64M volume while making new highs is portfolio managers buying size. Next technical target: $125-130. Any pullback to $110-112 is a gift.

COHR Continues Three-Day Run

COHR up 2.66% to $235.26 on 2,089,880 shares. Third straight day of institutional buying (Monday +4.46%, Tuesday +3.33%, Wednesday +2.66%). Over 10% in three days on sustained heavy volume. At 339 P/E, valuation is stretched, but institutions are paying up for optical components exposure. Use wider collar strikes.

Commodities Give Back Tuesday’s Gains

SCCO down 2.96% to $209.06 after Tuesday’s 7.28% surge. Classic commodity whipsaw. ATI down 3.03% to $124.45 on thin volume. ARWR (biotech) down 2.92%. This is why we don’t collar commodity cyclicals—the volatility kills your strikes. Tuesday’s rotation was fast money booking profits, not a sustained move.

Storage Names: Healthy Consolidation

WDC down 1.22% to $286.71 on 2.29M shares. This is healthy profit-taking after Monday’s 4.35% surge. At 29 P/E with profits, this pullback is an entry opportunity. STX flat at +0.20% to $445.33. Both remain Tier 1 for systematic income. TTM down 1.65% to $105.79—consolidating last week’s 6% move.

Other Movers

FORM up 5.14% to $78.53 (second big day after Tuesday’s 8.31%). FCX up 1.05% on 2.58M shares—consolidating Tuesday’s surge. CIEN up 0.96%—quiet strength. GEV down 0.31%—power infrastructure consolidating. CENX up 1.07%—aluminum play. TER up 0.10%. ALGM up 1.97%—still negative P/E, still garbage.

Updated Rankings

Tier 1 Core Holdings:

GLW—broke through $115 on 1.64M shares, now #1 collar candidateWDC—down 1.22%, entry opportunity at current levelsSTX—flat consolidation, core holdingCIEN—up 0.96%, quiet strength

Tier 2 Tactical:

COHR—three-day run, 339 P/E stretched but momentum strongTTM—down 1.65%, consolidatingFORM—up 5.14%, extended at 150 P/EFCX—the one commodity play working

Avoid:

SCCO—whipsaw (up 7%, down 3%)ALGM—negative P/E, weak bouncesARWR—biotech speculationATI—thin volume

Bottom Line

Wednesday confirmed quality wins. GLW breaking out on 1.64M shares while SCCO gives back gains shows where institutional conviction lies. Companies with real earnings and multi-year contracts (GLW, COHR, WDC, STX) keep grinding higher. Commodity speculation gets one-day bounces then reverses. Focus on Tier 1 names, buy pullbacks like WDC’s 1.22% dip, and avoid commodity whipsaws. That’s how you generate systematic income.