Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Salesforce (CRM) provided a "beat and raise" report for Q3 and announced Bret Taylor will step down as Vice Chair and co-CEO [more]
- Snowflake (SNOW) reported mixed Q3 results and raised its FY23 product revenue guidance [more]
- Kroger (KR) also provided a "beat and raise" report for Q3 [more]
- Dollar General (DG) reported downbeat Q3 earnings and cut its FY22 earnings outlook [more]
- Okta (OKTA) also issued a "beat and raise" report for Q3 [more]
2. WALL STREET CALLS:
- Capital One (COF), Synchrony (SYF) and Ally Financial (ALLY) were all downgraded to Underweight at Morgan Stanley [more]
- Crowdstrike (CRWD) was downgraded to Peer Perform at Wolfe Research and initiated with a Buy at Redburn [more]
- Sirius XM (SIRI) downgraded to Sell from Buy at Citi [more]
- G-III Apparel (GIII) downgraded to Neutral at both CL King and Piper Sandler [more]
- Tencent Music (TME) upgraded to Overweight at Morgan Stanley with sustainable growth seen ahead [more]
3. AROUND THE WEB:
- HP Enterprise (HPE) expressed takeover interest in Nutanix (NTNX), Bloomberg reports [more]
- Fisker (FSR) told Bloomberg that a Fuzzy Panda short-seller report has "numerous false allegations" [more]
- Meta (META) attempted to settle EU antitrust investigations, Reuters reports [more]
- Sirius XM (SIRI) will cut staff amid faltering sales growth, Bloomberg reports [more]
- Credit Suisse (CS) is eyeing ways to accelerate cost cuts, Reuters says [more]
4. MOVERS:
- Splunk (SPLK) gains after reporting quarterly results and providing guidance for Q4 and FY23 [more]
- GoodRx (GDRX) higher after Citi initiated coverage of the stock with a Buy rating and $7 price target [more]
- Elastic (ESTC) lower after reporting quarterly results and providing Q3 and FY23 guidance [more]
- Designer Brands (DBI) declines after reporting quarterly results [more]
- Shoals Technologies (SHLS) falls after announcing a 20M share offering and CEO Whitaker's intention to step down from his position [more]
5. EARNINGS/GUIDANCE:
- G-III Apparel (GIII) reported downbeat Q3 earnings [more]
- PVH Corp. (PVH) provided a "beat and raise" report for Q3 [more]
- Victoria's Secret (VSCO) reported upbeat Q3 results [more]
- Five Below (FIVE) provided a "beat and raise" report for Q3 [more]
- Secureworks (SCWX) reported mixed Q3 results [more]
INDEXES:
The Dow fell 194.76, or 0.56%, to 34,395.01, the Nasdaq gained 14.45, or 0.13%, to 11,482.45, and the S&P 500 declined 3.54, or 0.087%, to 4,076.57.
