Company News for July 8, 2022
- Shares of GameStop Corp. GME climbed 15.1% after the company decided to conduct a 4-for-1 stock split.
- Shares of Moderna Inc. MRNA soared 8.1% as the company awaits the green light from the FDA for emergency use of its Omicron booster.
- Shares of Lucid Group Inc. LCID jumped 8.7% following the company’s agreement with Pinal County to lease 1,300 acres of land in the town of Casa Grande.
- Shares of Simulations Plus Inc. SLP jumped 7.9% after the company posted adjusted earnings per share of $0.20 in the third quarter of fiscal 2022, beating the Zacks consensus estimate of 0 $.17.
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.