Company News for June 8, 2020

Zacks Equity Research Published on June 08, 2020

Shares of Broadcom Inc. (AVGO - Free Report) gained 2.7% after the company reported second-quarter fiscal 2020 adjusted earnings per share of $5.14, beating the Zacks Consensus estimate by a penny.
Shares of RH (RH - Free Report) decreased 0.9% after the company posted first-quarter fiscal 2020 revenues of $482.9 million, missing the Zacks Consensus estimate of $487.3 million.
Science Applications International Corp. (SAIC - Free Report) tumbled 2.2% after posting first-quarter fiscal 2020 adjusted earnings per share of $1.38, lagging the Zacks Consensus estimate of $1.41.
Novavax Inc.'s (NVAX - Free Report) shares surged 3.7% after the company was awarded a department of defense contract with funding up to $60 million for its potential coronavirus vaccine.

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.