Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- MongoDB (MDB) provided a "beat and raise" report for Q3 [more]
- Lowe's (LOW) announced a $15B stock buyback plan and reiterated its FY22 outlook [more]
- Campbell Soup (CPB) provided a "beat and raise" report for Q1 [more]
- Toll Brothers (TOL) reported better-than-expected Q4 earnings and revenue [more]
- Stitch Fix (SFIX) reported downbeat Q1 results and lowered FY23 revenue guidance [more]
2. WALL STREET CALLS:
- Airbnb (ABNB) downgraded to Underweight at Morgan Stanley on "supply bear case" [more]
- Carvana (CVNA) downgraded to Underperform at Wedbush and cut to Market Perform at William Blair [more]
- Expedia (EXPE) and TripAdvisor (TRIP) downgraded to Underperform and Booking Holdings (BKNG) downgraded to Peer Perform at Wolfe Research [more]
- JMP Securities upgraded MongoDB (MDB) to Outperform after "much better-than-expected" Q3 results [more]
- BofA upgraded SolarEdge (SEDG) to Buy [more]
3. AROUND THE WEB:
- Carvana (CVNA) is talking to Kirkland & Ellis and Moelis (MC) about restructuring debt, Bloomberg reports [more]
- Coinbase (COIN) CEO Brian Armstrong told Bloomberg that 2022 revenue is expected to fall 50% or more [more]
- Grizzly Research said the biggest customer of ESS (GWH) is an "undisclosed related party" [more]
- Vince Holding (VNCE) is exploring options, including a sale, Bloomberg says [more]
- Welltower (WELL) short report published by Hindenburg Research [more]
4. MOVERS:
- Prometheus Biosciences (RXDX) gains after announcing results from its ARTEMIS-UC and APOLLO-CD phase 2 studies [more]
- Meta Materials (MMAT) higher after announcing that FINRA processed the corporate action for exchange of Series A shares [more]
- State Street (STT) rises after announcing $500M increase to share repurchases in Q4 [more]
- Uniti Group (UNIT) declines after announcing a $300M convertible senior notes offering [more]
- Syndax (SNDX) falls after announcing a 6.82M stock offering [more]
5. EARNINGS/GUIDANCE:
- AeroVironment (AVAV) reported downbeat Q2 results [more]
- Brown-Forman (BF.A) reported lower-than-expected Q2 earnings [more]
- Smith & Wesson Brands (SWBI) reported downbeat Q2 results [more]
- Ollie's Bargain Outlet (OLLI) reported lower-than-expected Q3 results [more]
- Academy Sports (ASO) provided a "beat and raise" report for Q3 [more]
INDEXES:
The Dow rose 1.58, or 0.0047%, to 33,597.92, the Nasdaq lost 56.34, or 0.51%, to 10,958.55, and the S&P 500 declined 7.34, or 0.19%, to 3,933.92.