Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Accenture (ACN) provided a "beat and raise" report for Q3 [more]
- Darden (DRI) reported upbeat Q4 results and announced a new $1B share repurchase program [more]
- KB Home (KBH) reported better-than-expected Q2 earnings and revenue [more]
- Radius (RDUS) agreed to be acquired by Gurnet Point and Patient Square in a deal valued at about $890M [more]
- The FDA has denied authorization to market Juul products in the U.S. [more]
2. WALL STREET CALLS:
- eBay (EBAY) assumed with an Underweight at Morgan Stanley [more]
- Snowflake (SNOW) upgraded to Overweight from Neutral at JPMorgan [more]
- Southwest (LUV) upgraded to Strong Buy from Outperform at Raymond James [more]
- William Blair downgrades Acuity Brands (AYI) after survey points to weaker lighting demand [more]
- Marathon Digital (MARA) downgraded to Neutral at B. Riley amid sharp decline in Bitcoin [more]
3. AROUND THE WEB:
- Uber (UBER) CEO Dara Khosrowshahi tweeted that there is "zero truth" to a Bloomberg report that the company explored options for its Indian ride-hailing unit [more]
- Broadcom's (AVGO) proposed $69B deal for VMware (VMW) is set for a lengthy EU antitrust probe, FT reports [more]
- United Airlines (UAL) will slash 12% of domestic flights out of Newark, CNBC reports [more]
- Tesla (TSLA) expands availability of the Model Y, Electrek reports [more]
- Cisco (CSCO) will begin an "orderly wind-down" of its Russia business, Reuters says [more]
4. MOVERS:
- uniQure (QURE) increases in New York after providing an update on the low-dose cohort in Phase I/II trial of AMT-130 [more]
- Amyris (AMRS) higher after beginning fermentation at a new plant in Brazil [more]
- WeWork (WE) gains after Credit Suisse initiated coverage of the stock with an Outperform rating and $11 price target [more]
- Xenon Pharmaceuticals (XENE) declines in New York after announcing a 7.89M share offering [more]
- Mullen Automotive (MULN) falls after issuing a shareholder update [more]
5. EARNINGS/GUIDANCE:
- Rite Aid (RAD) reported upbeat Q1 results but lowered its FY23 earnings guidance [more]
- FactSet (FDS) reported upbeat Q3 earnings and revenue [more]
- RedHill Biopharma (RDHL) reported mixed Q1 results [more]
- Xperi (XPER) increased its FY22 revenue guidance [more]
- Methode Electronics (MEI) reported downbeat Q4 results [more]
INDEXES:
Near midday, the Dow was down 112.76, or 0.37%, to 30,370.37, the Nasdaq was up 62.00, or 0.56%, to 11,115.08, and the S&P 500 was flat at 3,759.88.