Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- HP Inc. (HPQ) announced a massive restructuring program along with its fiscal Q4 earnings that were largely in line with expectations [more]
- Deere (DE) reported Q4 reported better-than-expected sales and earnings in what CEO John May called a "strong performance for both the fourth quarter and full year" [more]
- Credit Suisse (CS) provided an updated outlook for Q4 and said it sees a "substantial" loss of up to CHF 1.5B in the quarter [more]
- Manchester United (MANU) confirmed that its board is commencing a process to explore strategic alternatives for the club, including a possible sale [more]
- The Federal Reserve Board and FDIC identified a shortcoming in Citigroup's (C) resolution plan, also known as its "living will" [more]
2. WALL STREET CALLS:
- Tesla (TSLA) upgraded to Neutral from Sell at Citi [more]
- Medtronic (MDT) downgraded to Neutral from Buy at Citi and to Perform from Outperform at Oppenheimer [more]
- Victory Capital (VCTR) downgraded to Underweight from Overweight at Piper Sandler [more]
- Beyond Meat (BYND) price target lowered to $5 from $14 at Goldman Sachs [more]
- Argus upgraded Yum! Brands (YUM) to Buy with a $142 price target [more]
3. AROUND THE WEB:
- Vista Equity exploring deal to buy Coupa Software (COUP), Bloomberg says [more]
- Amazon (AMZN) to invest $1B a year in movies for theatrical release, Bloomberg says [more]
- Disney's (DIS) "Avatar" sequel to be released in China in December, CNBC reports [more]
- Six people dead after shooting at Virginia Walmart (WMT) store, WSJ reports [more]
- Employees at Foxconn's iPhone assembly plant clash with police, WSJ reports [more]
4. MOVERS:
- BioMarin Pharmaceutical (BMRN) advanced after announcing that the FDA no longer plans to hold an advisory committee meeting to discuss the BLA for Roctavian that is currently under review [more]
- Full Truck Alliance (YMM) higher in New York after reporting quarterly results [more]
- Carvana (CVNA) gains after CPO Gill acquired 133,000 shares of the company’s stock [more]
- Kingsoft Cloud (KC) declines in New York after reporting quarterly results and providing guidance for Q4 [more]
- Maxar Technologies (MAXR) falls after amending its agreement with EchoStar (SATS) for the production of the EchoSTar XXIV satellite [more]
5. EARNINGS/GUIDANCE:
- Nordstrom (JWN) reported Q3 sales and earnings that were better than expected and backed its FY22 adjusted EPS view [more]
- Autodesk missed Q3 expectations and lowered Q4 guidance [more]
- Guess (GES) reported mixed Q3 results [more]
- VMware (VMW) reported Q3 results that CEO Raghu Raghuram said "met our expectations" [more]
- PagSeguro (PAGS) slid in New York trading after reporting quarterly results [more]
INDEXES:
The Dow rose 95.96, or 0.28%, to 34,194.06, the Nasdaq gained 110.91, or 0.99%, to 11,285.32, and the S&P 500 advanced 23.68, or 0.59%, to 4,027.26.