Company News for Jul 3, 2023

MSFT NKE NFLX SGH

  • Shares of Microsoft Corporation (MSFT - Free Report) rose 1.6% on the broader tech rally.
  • Shares of NIKE, Inc. (NKE - Free Report) slid 2.7% after posting fourth-quarter fiscal 2023 earnings of 66 cents per share, missing the Zacks Consensus Estimate of 67 cents.
  • Netflix, Inc.’s (NFLX - Free Report) shares advanced 2.9%, with consumer discretionaries doing well on the day.
  • Shares of SMART Global Holdings, Inc. (SGH - Free Report) jumped 8.9% after posting third-quarter fiscal 2023 revenues of $383.3 million, beating the Zacks Consensus Estimate of $375.1 million.

Research Chief 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.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Free: See Our Top Stock And 4 Runners Up