-
Tesla, Inc.’s
TSLA
shares fell 6.4% on reports emerging that it was planning to cut the December output of its Model Y at its Shanghai plant by more than 20% compared to last month.
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Shares of Amazon.com, Inc.
AMZN
slid 3.3% as growth stocks plunged on fears of a recession.
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Shares of Salesforce, Inc.
CRM
plunged 7.4% after it announced the departure of Slack’s CEO.
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Shares of Devon Energy Corporation
DVN
fell 2.8% on the broader energy slump.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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