Company News for July 14, 2022
- DAL shares of Delta Air Lines Inc. fell 4.5% after the company reported adjusted earnings per share of $1.44 in the second quarter of 2022, missing the Zacks consensus estimate of $1.71 .
- Shares of Fastenal Co. FAST fell 6.4% after posting revenue of $1,778.6 million in the second quarter of 2022, lagging Zacks’ consensus estimate of $1,792 million.
- Twitter Inc.’s TWTR shares jumped 7.9% after Hindenburg Research took a large long position in the company’s stock.
- The shares of ironSource Ltd. IS climbed 47.1% following its agreement to be acquired by Unity Software Inc. U in an all-stock deal valued at $4.4 billion.
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 step in at any time.
This company could rival or surpass other recent Zacks stocks that 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.