Company News for November 21, 2022

  • Shares of Foot Locker, Inc. FL jumped 8.7% after the company reported earnings of $1.27 per share in the third quarter of fiscal 2022, beating Zacks consensus estimate of 1 $.09 per share.
  • AMAT shares of Applied Materials, Inc. rose 0.2% after the company reported non-GAAP earnings for the fourth quarter of fiscal 2022 of $2.03 per share, beating estimate from the Zacks consensus of $1.72 per share.
  • Shares of Palo Alto Networks, Inc. PANW gained 7% after the company reported earnings of $0.83 per share in the first quarter of fiscal 2023, beating Zacks consensus estimate of 0.68 $ per share.
  • Gap, Inc.’s GPS shares soared 7.6% after the company reported earnings of $0.71 per share in the third quarter of fiscal 2022, beating Zacks’ consensus estimate of a quarter. loss of $0.02 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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The Gap, Inc. (GPS): Free Stock Analysis Report

Foot Locker, Inc. (FL): Free Inventory 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