Company News for Dec 4, 2024

  • Shares of Core & Main, Inc. (CNM) surged 15.5% after the company reported third-quarter 2024 earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.65 per share. 
  • Credo Technology Group Holding Ltd’s (CRDO) shares soared 47.9% after the company reported second-quarter fiscal 2025 earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share. 
  • Shares of United States Steel Corporation (X) tumbled 8% after President-elect Donald Trump said that he would stop the company’s purchase by Japan’s Nippon Steel. 
  • Amazon.com, Inc.’s (AMZN) shares gained 1.3% after the tech giant announced a new slate of AI platforms at its annual AWS conference.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Free: See Our Top Stock And 4 Runners Up

Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

United States Steel Corporation (X) : Free Stock Analysis Report

Core & Main, Inc. (CNM) : Free Stock Analysis Report

Credo Technology Group Holding Ltd. (CRDO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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