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 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]
- 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]
- Coca-Cola (KO) is investigating a breach and data theft claims, BleepingComputer reports [more]
- Tech giants like Meta (FB) and Apple (AAPL) were tricked into giving out personal user data, Bloomberg reports [more]
4. MOVERS:
- Baker Hughes (BKR) advanced after HSBC analyst Abhishek Kumar upgraded the stock to Buy from Hold [more]
- Arch Resources (ARCH) rose after reporting Q1 results [more]
- Protagonist (PTGX) dropped after announcing data from its Phase 2 IDEAL study evaluating PN-943 [more]
- Nkarta (NKTX) fell after announcing a 13.33M share offering [more]
- Helix Energy (HLX) declined 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 (GLW) 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:
The Dow fell 809.28, or 2.38%, to 33,240.18, the Nasdaq lost 514.11, or 3.95%, to 12,490.74, and the S&P 500 declined 120.92, or 2.81%, to 4,175.20.