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Shares of JOYY Inc.
YY
gained 1.6% after the company reported third-quarter 2022 adjusted earnings per share of $0.96, surpassing the Zacks Consensus Estimate of $0.52.
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Shares of Pinduoduo Inc.
PDD
soared 12.6% after the company posted third-quarter 2022 adjusted earnings per share of $1.21, outpacing the Zacks Consensus Estimate of $0.73.
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Apple Inc.’s
AAPL
shares fell 2.6% following news that the company will suffer a production shortfall of 6 million iPhone pros due to political unrest in China.
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Wynn Resorts Ltd.’s
WYNN
shares surged 4.4% after the company received provisional grant from the Chinese Authority regarding its casinos in Macau.
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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