Company News for July 15, 2022
- Shares of Conagra Brands, Inc. CAG fell 7.3% after the company reported fourth-quarter fiscal 2022 revenue of $2,910 million, missing Zacks consensus estimate of 2,937 millions of dollars.
- First Republic Bank’s FRC shares gained 1.8% after the company reported Q2 2022 earnings of $2.16 per share, beating Zacks consensus estimate of $2.05 per share .
- Shares of Taiwan Semiconductor Manufacturing Company Limited TSM jumped 2.9% after reporting earnings of $1.55 per share in the second quarter of 2022, beating Zacks’ consensus estimate of $1.50 per share.
- Washington Federal, Inc.’s WAFD shares rose 2.3% after the company reported earnings of $0.91 per share in the third quarter of fiscal 2022, beating Zacks consensus estimate of 0 $.79 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.