Company News for August 3, 2022

  • Northrop Grumman Corporation NOC shares rose 1.1% as defense stocks performed well amid US-China tensions.
  • PINS shares of Pinterest, Inc. jumped 11.6% after news that activist investor Elliott Investment Management had become its largest shareholder.
  • Shares of Uber Technologies, Inc. UBER jumped 18.9% after reporting second-quarter 2022 revenue of $8.1 billion, beating Zacks’ consensus estimate of $7.4 billion.
  • CNA Financial Corporation’s CNA shares fell 3% after reporting Q2 2022 earnings of $0.90 per share, missing Zacks’ consensus estimate of $0.99 per share.

Zacks names ‘only one best choice for doubling up’

From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.

It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.

This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.

Free: See our best stock and our 4 finalists >>

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Northrop Grumman Corporation (NOC): Free Stock Analysis Report

CNA Financial Corporation (CNA): Free Stock Analysis Report

Pinterest, Inc. (PINS): Free Stock Analytics Report

Uber Technologies, Inc. (UBER): Free Inventory Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson