Company News for November 16, 2022

  • Target Corporation’s TGT shares gained 4% on the broader retail rally.
  • TSM shares of Taiwan Semiconductor Manufacturing Company Limited jumped 10.5% following reports that Warren Buffet’s Berkshire Hathaway (BRK.B) bought a $4 billion stake in the company.
  • Northrop Grumman Corporation NOC shares rose 3.9% as defense stocks fared well on the escalating war in Europe.
  • Endava plc’s DAVA shares jumped 15.6% after reporting earnings of $0.64 per share in the first quarter of 2023, beating Zacks’ consensus estimate of $0.55 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.

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Northrop Grumman Corporation (NOC): Free Stock Analysis Report

Target Corporation (TGT): Free Stock Analysis Report

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Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report

ADR sponsored by Endava PLC (DAVA): 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