- Intel Corporation’s INTC shares plunged 4.5%, leading chip stock losses amid sector-wide selling.
- Shares of Caterpillar Inc. CAT fell 4% on the Industrial sector emerging as one of the biggest losing sectors of the day.
- Shares of Sysco Corporation SYY plummeted 15.3% after announcing a $29 billion acquisition of Jetro Restaurant Depot.
- American Vanguard Corporation’s AVD shares soared 22.8% due to bargain hunting and a sharp rebound after recent heavy losses.
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 a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpIntel Corporation (INTC) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Sysco Corporation (SYY) : Free Stock Analysis Report
American Vanguard Corporation (AVD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
