Company News for July 6, 2022
- Ford Motor Co. F shares fell 1.1% after the company’s second-quarter vehicle sales fell short of market expectations.
- Shares of Stellantis NV STLA fell 5.6% following a Union report that its Italy-based production plant could produce 220,000 fewer vehicles this year due to a shortage of chipsets .
- AstraZeneca PLC’s AZN shares fell 0.7% following the company’s decision to acquire TeneoTwo for consideration of up to $1.27 billion.
- Shares of Chevron Corp. CVX fell 2.6% following a drop in WTI crude oil prices below $100 a barrel.
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.