Company News for Aug 1, 2022

INTC AAPL IMO PSX

  • Shares of Phillips 66 (PSX - Free Report) rose 1.1% after it reported second-quarter 2022 adjusted earnings of $6.77 per share, beating the Zacks Consensus Estimate of $5.92 per share.
  • Intel Corporation’s (INTC - Free Report) shares plunged 8.6% after it reported second-quarter fiscal 2022 revenues of  $15.32 billion, missing the Zacks Consensus Estimate of $17.92 billion.
  • Shares of Imperial Oil Limited (IMO - Free Report) gained 4.1% after it reported second-quarter 2022 adjusted earnings of $2.84 per share, surpassing the Zacks Consensus Estimate of $2.32.
  • Apple Inc.’s (AAPL - Free Report) shares jumped 3.3% after it reported third-quarter 2022 adjusted earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.14 per share.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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