Market Movements: U.S. Steel Faces Setback While Microsoft, GM, and Ford Thrive
- Shares of United States Steel Corp. (X) fell 6.5% following the Biden administration’s halt of a $14.9 billion merger deal with Japan’s Nippon Steel over national security issues.
- In a stronger showing, Microsoft’s (MSFT) stock climbed 1.1% as the tech giant unveiled plans to invest $80 billion in AI-driven data centers for fiscal 2025.
- General Motors Co. (GM) experienced a 0.8% increase in stock value after reporting its highest annual U.S. new vehicle sales since 2019.
- Similarly, shares of Ford Motor Co. (F) rose by 2.4%, also marking its best annual U.S. new vehicle sales since 2019.
Top Stock Picks: Who Could See Dramatic Gains?
From a pool of thousands, five Zacks experts have identified their top stock picks predicted to soar by 100% or more in the near future. Among these, Director of Research Sheraz Mian has singled out one company for its remarkable growth potential.
This chosen company focuses on attracting millennial and Gen Z customers, boasting nearly $1 billion in revenue in the last quarter. A recent price dip has created a promising opportunity for investors. While not all picks from Zacks yield high returns, this particular stock has the potential to significantly outpace previous recommendations, such as Nano-X Imaging, which surged by 129.6% in just over nine months.
Discover Our Top Stock and Additional Picks
Want more insights from Zacks Investment Research? Download the report on 5 Stocks Set to Double today to see their top recommendations.
Ford Motor Company (F): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
United States Steel Corporation (X): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
