Company News for November 18, 2022

  • M shares of Macy’s, Inc. jumped 15% after reporting earnings of $0.52 per share in the third quarter of fiscal 2022, beating Zacks’ consensus estimate of $0.19 per share.
  • FANG shares of Diamondback Energy, Inc. fell 1.8% as global oil prices hit their lowest level in six weeks.
  • Shares of Airbnb, Inc. ABNB fell 4.9% as reports emerged it would crack down on party bookings and tighten its guest verification procedures.
  • NVIDIA Corporation’s NVDA shares fell 1.5% after reporting earnings of $0.58 per share in the third quarter of fiscal 2023, significantly missing Zacks’ consensus estimate of $0.70 per share .

A small company could shake up the electric vehicle industry

Brian Bolan, Zacks Aggressive Growth Expert, has identified a US manufacturer with a stock price below $5 that is gearing up for a monstrous run. It’s accelerating production of an affordable, “hard-working” rival to Tesla, just as soaring gas prices and the desire for energy independence are expected to push the EV market to $1 trillion in 5 years .

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Macy’s, Inc. (M): 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