Company News from March 21, 2022

  • Shares of FedEx Corporation FDX fell 4% after the company reported earnings of $4.59 per share in the third quarter of fiscal 2022, lagging Zacks consensus estimate of 4.69 $ per share.
  • GME shares of GameStop Corp. gained 3.5% after the company reported Q4 2021 revenue of $2.25 billion, beating Zacks’ consensus estimate of $2.19 billion.
  • Shares of StoneCo Ltd. STNE jumped 42% after the company reported Q4 2021 earnings of $0.02 per share, beating Zacks consensus estimate of $0.01 per share.
  • United States Steel Corporation’s X shares fell 4.6% after the company issued a weaker-than-expected forecast for the current quarter.

Breakout biotech stocks with triple-digit profit potential

The biotechnology sector is expected to surpass $2.4 trillion by 2028, with scientists developing treatments for thousands of diseases. They are also finding ways to modify the human genome to literally erase our vulnerability to these diseases.

Zacks just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors take advantage of 7 stocks poised to outperform. Recommendations from previous editions of this report produced gains of +205%, +258% and +477%. Stocks in this report could perform even better.

See these 7 game-changing actions now >>

Click to get this free report

United States Steel Corporation (X): Free Stock Analysis Report

GameStop Corp. (GME): Free Stock Analysis Report

FedEx Corporation (FDX): Free Inventory Analysis Report

StoneCo Ltd. (STNE): Free Stock Analysis Report

To read this article on, click here.

Zacks Investment Research

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