By Mark Skousen, Hot Commodities Alert

Since October, Corning (GLW) has been hurting due to the weak glass market, especially the sales of liquid-crystal displays for televisions and computers.

But now the specialty glass and ceramic manufacturer is ready to explode upward. And it's all due to Apple's (AAPL) incredible orders for the glass used in its devices.

Apple has sold 55 million iPads since launching the tablet in 2010, and analysts expect sales to exceed 325 million units by 2015.

Corning supplies its resilient "Gorilla Glass" to Apple and other tablet manufacturers, including Dell (DELL) and Hewlett-Packard (HPQ). Sales of Gorilla Glass are the primary reason Corning saw revenue advance 19% last year to $7.9 billion. Corning's glass technology is also a feature on Apple's iPhone, as well as notebook computers and display devices.

Corning's price is 30% off its previous high in October, but with 23% operating margins and a return on equity (ROE) of nearly 14%, the stock looks cheap. It's selling for only nine times expected earnings this year. It has $5.8 billion in cash, far above its long-term debt ($2.4 billion).

Director Gund Gordon smells a bargain, and recently bought 150,000 shares ($1.9 million worth) at $12.75 each.

Let's join him and buy Corning at market and set a protective stop of $11.50 a share here. For the more adventurous, consider buying the August $16 call options, which last were offered at 41 cents.

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