Company News for Feb 15, 2024
From Nasdaq:
Shares of Super Micro Computer, Inc. SMCI soared 11.3% on AI positivity, leading the Russell 200 gains. Meanwhile, Coinbase Global, Inc.’s COIN shares also soared 14.2% as Bitcoin value crossed $1 trillion. Conversely, Kraft Heinz Company KHC reported an adverse 5.5% slide in stock after posting slightly lower-than-expected fourth-quarter earnings. PepsiCo, Inc.’s PEP shares also fell 0.8%, resulting in the consumer staples sector being the most affected.
The Zacks Research team chooses a stock set to “double.” Among thousands of stocks, it has singled out one with the most explosive upside potential. This company is associated with a “watershed medical breakthrough” and is developing a robust pipeline that benefits patients with liver, lung, and blood diseases. It is cited to rival or surpass other recent stocks, such as Boston Beer Company and NVIDIA. Learn more about the top stock pick and 4 runners-up. Want more stock recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
Read more: Company News for Feb 15, 2024