Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- General Electric (GE) reported better-than-expected Q1 earnings, but said it now sees FY22 adjusted EPS at the low end of its previously provided view [more]
- PepsiCo (PEP) reported better-than-expected Q1 results and lowered its FY22 core earnings guidance [more]
- UPS (UPS) reported upbeat Q1 earnings and revenue and raised its target for share repurchases for the year [more]
- 3M (MMM) reported upbeat Q1 results and provided upbeat FY22 guidance [more]
- JetBlue (JBLU) reported upbeat Q1 earnings and said it is planning to grow capacity between 0%-5% [more]
2. WALL STREET CALLS:
- Redfin (RDFN) downgraded to Underweight from Overweight at Piper Sandler [more]
- Susquehanna upgraded J.B. Hunt (JBHT), Hub Group (HUBG) and Werner (WERN) to Positive [more]
- NextDecade (NEXT) downgraded to Sell from Hold at Stifel [more]
- KeyBanc says Axios report positive for Plug Power (PLUG), other fuel cell names [more]
- Live Nation (LYV) was initiated with Buy ratings at Rosenblatt and at Benchmark [more]
3. AROUND THE WEB:
- The EU warned Tesla (TSLA) founder Elon Musk that Twitter (TWTR) must comply with digital rules, FT reports [more]
- Twitter workers are frustrated over a lack of information on Musk's takeover, NY Times reports [more]
- Korea's LX Group will make a bid to acquire MagnaChip (MX), Korea Economic Daily reports [more]
- The Biden administration plans to make COVID pills more widely available, WSJ reports [more]
- Contractors for EA's (EA) BioWare are preparing a union vote, Kotaku says [more]
4. MOVERS:
- Pfizer (PFE) up after report on Biden administration plans for Covid pills [more]
- Baker Hughes (BKR) higher after HSBC analyst Abhishek Kumar upgraded the stock to Buy from Hold [more]
- Protagonist (PTGX) declines after announcing data from its Phase 2 IDEAL study evaluating PN-943 [more]
- Nkarta (NKTX) lower after announcing a 13.33M share offering [more]
- Helix Energy (HLX) falls after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Sherwin-Williams (SHW) reported upbeat Q1 results and reaffirmed its FY22 guidance [more]
- Warner Bros. Discovery (WBD) reported a year-over-year increase in Q1 earnings and revenue [more]
- Corning (CLW) reported upbeat Q1 earnings and revenue [more]
- Polaris (PII) reported downbeat Q1 earnings and revenue [more]
- Whirlpool (WHR) reported downbeat Q1 results and cut its earnings and revenue guidance for FY22 [more]
INDEXES:
Near midday, the Dow was down 430.18, or 1.26%, to 33,619.28, the Nasdaq was down 326.37, or 2.51%, to 12,678.48, and the S&P 500 was down 64.23, or 1.50%, to 4,231.89.