Company News for October 28, 2022

  • Shares of Merck & Co., Inc. MRK gained 1.4% after the company reported third-quarter 2022 earnings of $1.85 per share, beating Zacks’ consensus estimate of $1.67 per share.
  • SHOP shares of Shopify Inc. rose 17.3% after the company reported a loss of $0.02 per share in the third quarter of 2022, narrower than the Zacks consensus estimate of a loss of 0 $.07.
  • Shares of Northrop Grumman Corporation NOC fell 0.9% after reporting earnings of $5.89 per share in the third quarter of 2022, missing Zacks’ consensus estimate of $6.09 per share.
  • Southwest Airlines Co.’s LUV shares gained 2.7% after the company reported third-quarter 2022 earnings of $0.50 per share, beating Zacks’ consensus estimate of $0.41 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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Northrop Grumman Corporation (NOC): 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