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Corning is a provider of glass, ceramics, and optical fiber across six distinct end markets. Corning’s largest segments by revenue are display glass for TVs and optical fiber for telecom networks and data centers. It also provides cover glass for smartphones as well as filters and substrates and glass for cars, produces pharmaceutical glass, and produces polysilicon for solar panels. Corning is a US producer and is vertically integrated across its products and markets.

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

Argus Research believes that Sustainable Impact investing is smart investing. We recently updated our Sustainable Growth Theme Model Portfolio and added just one company (Nasdaq Inc.). That might seem like a small number, but the list does turn over and the current list does look very different than it did a year ago. We dig deep when researching this theme, deploying multiple screens and analyzing many different metrics to give us confidence that the companies we select rightly deserve a spot on our roster. Companies committed to Sustainable Impact values reflect positive traits from management, and those often translate into better business. ESG (Environmental, Social, Governance) investing has come a long way and continues to grow. According to the Global Sustainable Investment Association, global assets under management in ESG strategies were $30 trillion in 2022, up from $23 trillion in 2016. The discipline, originally known as Socially Responsible Investing, focused at first on excluding companies that conducted business in South Africa, or participated in industries such as tobacco, alcohol, and firearms. In time, the list of industries to avoid increased to include soft drinks, fast food, and oil and gas, among numerous others. But the performance of these initial strategies lagged. Now, instead of merely identifying industries to avoid, the discipline promotes "sustainable" business practices across industries that have an "impact" on global issues such as climate, hunger, poverty, disease, shelter, and workers' rights. At Argus, we track ESG progress at specific companies as part of our Management analysis (one of the points in our proprietary Six-Point Valuation System). In addition to reviewing and measuring the ESG proclamations from companies under coverage, we partner with an ESG research firm, JUST Capital, and leverage its analysis and insights. JUST Capital's mission is to drive measurable corporate change to create a stakeholder-centric form of capitalism that reflects the priorities of the American public. JUST utilizes a combination of data-driven research and strategic engagement in an attempt to shift norms and practices in corporate America and the financial markets. JUST ESG Custom Ratings rank stocks in the Russell 1000 on criteria using a scale of 1-100. Drawing on the JUST Capital rankings, we have compiled focused lists of companies followed by Argus Research that are in position to have this type of "sustainable impact" on the environment, workplace, community, and marketplace. These firms have exemplary records not only in delivering on the bottom line, but also in improving the environment, contributing to community relations, and showing respect for their employees. Here are some of the stocks that are currently held in the Argus Sustainable Growth Model Portfolio.

Since the major indices peaked at all-time closing highs (ATHs) on June 2, we have witnessed an increase in price volatility to the downside and the upside. On June 10, the six-day rate-of-change (ROC) on the S&P 500 (SPX) fell to -4.5%. By June 18, it had reversed to +3.2%, and then by June 24 it fell to -2.6%. For the Nasdaq 100 (QQQ), the sequence of six-day returns went from -7% to +6.8% to -4.4%.