Company News for November 11, 2022

  • Shares of WestRock Company WRK jumped 7% after the company reported earnings of $1.43 per share in the fourth quarter of fiscal 2022, beating Zacks consensus estimate of $1.40 per share .
  • Shares of Ralph Lauren Corporation RL rose 5.8% after the company reported earnings of $2.23 per share in the second quarter of fiscal 2023, beating Zacks’ consensus estimate of 2.09 $ per share.
  • Tapestry, Inc. TPR shares rose 4.2% after reporting earnings of $0.79 per share in the first quarter of fiscal 2023, beating Zacks consensus estimate of $0.74 per share. stock.
  • The WIX shares of Wix.com Ltd. jumped 20.4% after the company reported third-quarter 2022 earnings of $0.06 per share, beating Zacks’ consensus estimate of a loss of $0.07 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 step in at any time.

This company could rival or surpass other recent Zacks stocks which are expected to double like Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one year .

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Ralph Lauren Corporation (RL): Free Inventory Analysis Report

Wix.com Ltd. (WIX): Free Stock Analysis Report

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Tapestry, Inc. (TPR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson