Corporate News for May 18, 2020

AMAT GLOB SSRM

  • Shares of Applied Materials Inc. (AMAT - Free Report) tumbled 4.4% after reporting second-quarter fiscal 2020 adjusted earnings per share of $0.89, missing the Zacks Consensus Estimate of $0.91.
  • Shares of New Relic Inc. climbed 9.6% after the company reported fourth-quarter fiscal 2020 adjusted earnings per share of $0.14, outpacing the Zacks Consensus Estimate of $0.04.
  • SSR Mining Inc.'s (SSRM - Free Report) shares jumped 13.7% after the company posted first-quarter 2020 adjusted earnings per share of $0.31, surpassing the Zacks Consensus Estimate of $0.27.
  • Globant S.A.'s (GLOB - Free Report) shares rallied 10.1% after posting first-quarter 2020 adjusted earnings per share of $0.64, beating the Zacks Consensus Estimate of $0.63.

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.

Free: See Our Top Stock and 4 Runners Up >>