Company News For May 15, 2018

XRX

  • Xerox Corp.’s (XRX - Free Report) shares plummeted 4.3% after the company abandoned a $6.1 billion merger deal with Japanese firm Fujifilm
  • Acacia Communications Inc. gained 8.7% following President Trump's announcement that he would work with China to restore ZTE Corp.’s business
  • State Bank Financial Corp.’s shares increased 1.6% after the bank agreed to be bought by fellow regional bank Cadence Bancorp in a $1.4 billion all-stock deal
  • Shares of Symantec Corp. jumped 9.6% after the company agreed to provide more information on an internal investigation into concerns voiced by an ex-employee

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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