Company news from June 2, 2022

  • FB shares of Meta Platforms, Inc. fell 2.6% after the announcement of the departure of its chief operating officer, Sheryl Sandberg.
  • Shares of Capri Holdings Limited CPRI rose 1.1% after reporting adjusted earnings of $1.02 per share in the fourth quarter of fiscal 2022, beating Zacks’ consensus estimate of $0.82 per share. stock.
  • Salesforce, Inc.’s CRM shares jumped 9.9% after reporting non-GAAP fiscal 2023 first-quarter earnings of $0.98 per share, beating Zacks consensus estimate of 0 $.93 per share.
  • Shares of HP Inc. HPQ rose 3.9% after reporting revenue of $16.5 billion in the second quarter of fiscal 2022, beating Zacks’ consensus estimate of $16.1 billion .

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, such as 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 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