Company News for Jan 16, 2023

BAC JPM TSLA SPCE

  • Shares of Virgin Galactic Holdings, Inc. (SPCE - Free Report) shot up 12.3% after the company said that it was on track for a commercial launch in the second quarter of 2023.
  • Shares of JPMorgan Chase & Co. (JPM - Free Report) rose 2.5% after reporting fourth-quarter fiscal 2022 earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.11 per share.
  • Tesla, Inc.’s (TSLA - Free Report) shares fell 1% after it cut prices of its vehicles in the United States and Europe.
  • Shares of Bank of America Corporation (BAC - Free Report) rose 2.2% after reporting fourth-quarter fiscal 2022 earnings of $0.85 per share, surpassing the Zacks Consensus Estimate of $0.76 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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