Company News for October 24, 2022
- Shares of American Express Company AXP fell 1.7% after the company announced it had made larger provisions to prepare for bigger defaults in an impending downturn.
- SLB shares of Schlumberger Limited jumped 10.3% after the company reported earnings of $0.63 per share in the third quarter of 2022, beating Zacks’ consensus estimate of $0.55 per share.
- Shares of The Walt Disney Company DIS rose 3.5% on the strength of consumer discretionary products.
- HCA Healthcare, Inc.’s HCA shares fell 5.7% after reporting third-quarter 2022 revenue of $1,497 million, missing Zacks’ consensus estimate of $1,505 million.
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 that 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.