Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Tesla (TSLA) founder Elon Musk said his agreement to acquire Twitter (TWTR) is "temporarily on hold" pending details, but he remains "committed" to a deal [more]
- Robinhood (HOOD) shares surged after FTX CEO Samuel Benjamin Bankman-Fried disclosed a 7.6% stake in the company [more]
- HG Vora Capital offered to buy the shares of Ryder (R) it doesn't already own at $86 per share in cash [more]
- Affirm (AFRM) provided a "beat and raise" report for Q3 [more]
- Toast (TOST) also provided a "beat and raise" report for Q1 [more]
2. WALL STREET CALLS:
- Ford (F) upgraded to Equal Weight at Morgan Stanley following selloff [more]
- UPS (UPS) downgraded to Neutral from Overweight at JPMorgan [more]
- First Solar (FSLR) upgraded to Overweight on bookings momentum at Piper Sandler [more]
- Endeavor Group (EDR) upgraded to buy-equivalent ratings at UBS and Barclays [more]
- Proterra (PTRA) double downgraded to Underperform at BofA [more]
3. AROUND THE WEB:
- Roper (ROP) is near a $3B deal to sell its process-technology unit to CD&R, Bloomberg reports [more]
- Nissan (NSANY) COO Ashwani Gupta hinted at a potential third U.S. factory, Bloomberg says [more]
- General Electric (GE) expects improvement across its businesses in the second half of 2022, Reuters reports [more]
- Credit Suisse's (CS) board is considering replacing CEO Gottstein as soon as this year, Bloomberg reports [more]
- Walgreens (WBA) is giving Boots bidders extra time to make their final offers, Bloomberg says [more]
4. MOVERS:
- Veru (VERU) up after Jefferies analyst Chris Howerton raised his price target on the shares to $55 from $33 [more]
- Blend Labs (BLND) rises after reporting quarterly results and reiterating FY22 revenue guidance [more]
- Payoneer Global (PAYO) and CTI BioPharma (CTIC) higher after reporting quarterly results [more]
- Mister Car Wash (MCW) falls after reporting quarterly results [more]
- New Relic (NEWR) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Duolingo (DUOL) reported upbeat Q1 results [more]
- Poshmark (POSH) reported upbeat Q1 results [more]
- Figs (FIGS) reported lower-than-expected Q1 earnings and revenue [more]
- Volta (VLTA) reported better-than-expected Q1 results, but also acknowledged "substantial doubt" about the company's ability to continue as a going concern in a filing [more]
- Honest Company (HNST) reported lower-than-expected Q1 revenue [more]
INDEXES:
The Dow rose 466.36, or 1.47%, to 32,196.66, the Nasdaq gained 434.04, or 3.82%, to 11,805.00, and the S&P 500 advanced 93.81, or 2.39%, to 4,023.89.