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Company News for Jun 16, 2026
- Shares of Exxon Mobil Corporation (XOM) fell 4.1% as declining oil prices following the U.S.-Iran peace agreement weighed on the energy sector.
- Fox Corporation (FOX) shares plunged 15.2% after announcing its $22 billion acquisition of Roku, Inc. (ROKU), as investors worried about the deal's cost and integration risks.
- Royal Caribbean (RCL) rose 6.6% as lower oil prices following the U.S.-Iran peace deal boosted sentiment for cruise operators.
- Western Digital Corporation (WDC) shares surged 16.1% amid a broad rally in technology stocks.
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 UpThis article originally published on Zacks Investment Research (zacks.com).
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