Company News For May 23, 2018

Zacks Equity Research Published on May 23, 2018

Micron Technology, Inc.’s (MU - Free Report) shares jumped 6.4% after the chip maker announced a $10 billion share buyback, representing 16% of the company’s market value
Shares of Adobe Systems Inc. (ADBE - Free Report) increased 0.3% after the company announced that it will buy Magento Commerce from Permira for $1.68 billion in cash.
Fifth Third Bancorp’s (FITB - Free Report) shares surged 3.2% after it agreed to acquire MB Financial, Inc. for $54.70 per share in cash and stock
Shares of Advance Auto Parts, Inc. (AAP - Free Report) declined 3.2% after reporting fiscal first-quarter 2018 net revenues of $2.87 billion, missing the Zacks Consensus Estimate of $2.91 billion

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.