Company News for July 11, 2022
- Shares of Carnival Corporation & plc CCL fell 3.4% on rising oil prices.
- Shares of WD-40 Company WDFC plunged 14.9% after the company reported adjusted earnings per share of $1.07 in the third quarter of fiscal 2022, missing the Zacks consensus estimate of 1 $.28.
- Shares of Twitter, Inc. TWTR fell 4.8% after The Washington Post reported that Elon Musk planned to walk away from his takeover bid.
- Shares of Levi Strauss & Co. LEVI gained 1% after the company reported adjusted earnings per share of $0.29 in the second quarter of fiscal 2022, beating the Zacks consensus estimate of 0.23 $.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.