Company News for May 31, 2023

• Shares of Skyline Champion Corporation (SKY) tumbled 10.6% after the company reported fourth-quarter fiscal 2023 revenues of $491.53 million, missing the Zacks Consensus Estimate of $492.50 million.
• Elbit Systems Ltd.’s (ESLT) shares jumped 6.1% after the company reported first-quarter 2023 revenues of $139.5 million, surpassing the Zacks Consensus Estimate of $139 million.
• Shares of Tesla, Inc. (TSLA) rose 4.1% on reports that the company’s CEO Elon Musk arrived in China after three years where he is expected to visit the Tesla Shanghai plant.
• Newell Brands Inc.’s (NWL) shares gained 1.7% after the company announced that it will start restructuring and saving plans to “streamline” its North American distribution network.

Where Will Stocks Go…

If Biden Wins? If Trump Wins?

The answers may surprise you.

Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!

Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…

1. Medical manufacturer has gained +11,000% in the last 15 years.

2. Rental company is absolutely crushing its sector.

3. Energy powerhouse plans to grow its already large dividend by 25%.

4. Aerospace and defense standout just landed a potentially $80 billion contract.

5. Giant Chipmaker is building huge plants in the U.S. 

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