Company News for Feb 15, 2024

PEP SMCI KHC COIN

  • Shares of Super Micro Computer, Inc. (SMCI - Free Report) soared 11.3% on AI positivity and almost led the gains made by the Russell 200 in the session.
  • Coinbase Global, Inc.’s (COIN - Free Report) shares soared 14.2% after the market value of Bitcoin crossed the $1 trillion mark for the first time since November 2021.
  • Shares of The Kraft Heinz Company (KHC - Free Report) slid 5.5% after reporting fourth-quarter 2023 revenues of $6.86 billion, missing the Zacks Consensus Estimate of $6.97 billion.
  • PepsiCo, Inc.’s (PEP - Free Report) shares fell 0.8% on consumer staples becoming the worst-hit sector of the day.

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