Company News for August 5, 2022

  • Shares of Coinbase Global, Inc. COIN jumped 10% after announcing a partnership with BlackRock, Inc. BLK to provide its institutional clients with access to crypto trading and custody services.
  • META shares of Meta Platforms, Inc. rose 1.1% after announcing that, as part of a fund share buyback offer and corporate overhaul, it would rise to 10 billion dollars in a very first bond issue.
  • Shares of Eli Lilly and Company LLY fell 2.6% after reporting earnings of $1.25 per share in the second quarter of 2022, missing Zacks’ consensus estimate of $1.80 per share.
  • CI shares of Cigna Corporation rose 3.1% after reporting Q2 2022 earnings of $6.22 per share, beating Zacks’ consensus estimate of $5.44 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 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.