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Shares of Conagra Brands, Inc.
CAG
plummeted 7.3% after the company reported fourth-quarter fiscal 2022 revenues of $2,910 million, missing the Zacks Consensus Estimate of $2,937 million.
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First Republic Bank’s
FRC
shares gained 1.8% after the company reported second-quarter 2022 earnings of $2.16 per share, surpassing the Zacks Consensus Estimate of $2.05 per share.
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Shares of Taiwan Semiconductor Manufacturing Company Limited
TSM
jumped 2.9% after it reported second-quarter 2022 earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.50 per share.
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Washington Federal, Inc.’s
WAFD
shares increased 2.3% after the company reported third-quarter fiscal 2022 earnings of $0.91 per share, outpacing the Zacks Consensus Estimate of $0.79 per share.
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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