Company News for October 13, 2022

  • Shares of PepsiCo, Inc. PEP jumped 4.2% after the company reported adjusted earnings per share of $1.97 in the third quarter of 2022, beating Zacks’ consensus estimate of $1.85.
  • Shares of Wipro Limited WIT fell 3.4% after reporting adjusted earnings per share of $0.06 in the second quarter of fiscal 2023, missing the Zacks consensus estimate of $0.07.
  • INTC shares of Intel Corp. rose 1.2% after the announcement that the company would lay off thousands of people to cope with the collapse of the PC market.
  • PHG shares of Koninklijke Philips NV plunged 11.7% after the company warned that its third-quarter sales and profits would be hit by supply chain issues.

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 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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Intel Corporation (INTC): Free Inventory Analysis Report

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PepsiCo, Inc. (PEP): 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