News

• Paychex Inc.’s (PAYX) shares rose 0.4% after the company reported third-quarter fiscal 2024 adjusted earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.36.
• Shares of Tesla Inc. (TSLA) tumbled 4.9% after reporting first-quarter 2024 vehicle deliveries of 386,810, declining 8.5% year over year.
• PVH Corp.’s (PVH) shares plunged 22.2% after the company forecast that its first-quarter 2024 revenues will drop nearly 11% year over year.
• Shares of Endeavor Group Holdings Inc. (EDR) advanced 2.1% after the company agreed to a $13 billion takeover offer from private equity firm Silver Lake.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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