Company News For Oct 1, 2018

BA TSLA PRGS BB

  • Tesla Inc.’s (TSLA - Free Report) shares plunged 13.9% following news that the SEC filed a lawsuit against its Chairman and CEO Elon Musk for misleading investor with false statements
  • Shares of BlackBerry Ltd. (BB - Free Report) jumped 11.7% after reporting fiscal second-quarter 2019 adjusted earnings per share of $0.04, beating the Zacks Consensus Estimate of $0.02
  • The Boeing Co.’s (BA - Free Report) shares increased 1.2% after the company received a $9.2 billion contract from the Pentagon for manufacturing 351 new training aircrafts
  • Shares of Progress Software Corp. (PRGS - Free Report) tumbled 17.1% after the company reported third quarter 2018 revenues of $95.68 million, missing the Zacks Consensus Estimate of $97 million

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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