Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Ambarella (AMBA) reported upbeat Q3 results and provided Q4 revenue guidance [more]
- Ulta Beauty (ULTA) provided a "beat and raise" report for Q3 [more]
- Cracker Barrel (CBRL) reported downbeat Q1 earnings and narrowed its FY23 revenue guidance [more]
- Ford (F) reported November U.S. sales fell 7.8% year-over-year [more]
- Asana (ASAN) reported upbeat Q3 results but gave FY23 revenue guidance below consensus [more]
2. WALL STREET CALLS:
- 10-year Salesforce (CRM) bull at Wolfe downgrades shares on slowing growth [more]
- Cheesecake Factory (CAKE) downgraded to Neutral from Outperform at Wedbush [more]
- Blackstone (BX) downgraded to Equal Weight from Overweight at Barclays [more]
- CIBC (CM) downgraded at Scotiabank, Canaccord, and RBC Capital [more]
- Veeva (VEEV) assumed with an Equal Weight at Morgan Stanley [more]
3. AROUND THE WEB:
- Florida lawmakers are seeking a compromise to let Disney (DIS) keep its tax arrangement, FT reports [more]
- Stellantis (STLA) offers French workers a 5.3% pay increase, Reuters reports [more]
- Tesla (TSLA) delivered its first Semi trucks to PepsiCo (PEP), WSJ reports [more]
- Pfizer (PFE) will invest over $2.5B in its Belgium and Ireland plants, Reuters says [more]
- Visa (V) will pay executive bonuses despite missing its growth target, FT says [more]
4. MOVERS:
- Anavex Life Sciences (AVXL) gains after its Phase 2B/3 study of blarcamesine met the primary and key secondary endpoints [more]
- UiPath (PATH) higher after reporting quarterly results and providing guidance for Q4 [more]
- South Pacific Resources (SPB) increases after it said it was confident it will complete the sale of Hardware and Home Improvement segment to Assa Abloy (ASAZY) [more]
- Marvell (MRVL) declines after reporting quarterly results and providing guidance for Q4 [more]
- ChargePoint (CHPT) falls after reporting quarterly results and providing guidance for Q4 and FY23 [more]
5. EARNINGS/GUIDANCE:
- Smartsheet (SMAR) reported upbeat Q3 results [more]
- Zscaler (ZS) provided a "beat and raise" report for Q1 [more]
- Kirkland's (KIRK) reported downbeat Q3 results [more]
- Genesco (GCO) reported Q3 results and cut its FY23 adjusted EPS view [more]
- Samsara (IOT) provided a "beat and raise" report for Q3 [more]
INDEXES:
Near midday, the Dow was down 75.72, or 0.22%, to 34,319.29, the Nasdaq was down 85.26, or 0.74%, to 11,397.19, and the S&P 500 was down 19.82, or 0.49%, to 4,056.75.