Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- HP Inc. (HPQ) reported downbeat Q3 revenue and lowered its FY23 earnings guidance [read more]
- HP Enterprise (HPE) provided a "beat and raise" report for Q3 [read more]
- Johnson & Johnson (JNJ) cut its FY23 earnings guidance [read more]
- Visa (V) and MasterCard (MA) are preparing to raise credit card fees on merchants, WSJ reports [read more]
- Eleven people were hospitalized after a Delta (DAL) flight hit "severe turbulence," CNN reports [read more]
2. WALL STREET CALLS:
- Texas Instruments (TXN) downgraded to Underperform from Market Perform at Bernstein [read more]
- Citi upgrades Sunrun (RUN) to Buy, says headwinds priced in [read more]
- Centene (CNC) downgraded to Equal Weight from Overweight at Morgan Stanley [read more]
- Macquarie downgraded Peloton (PTON) with volatility "now the norm" [read more]
- PDD Holdings (PDD) upgraded to Buy at Goldman Sachs after Q2 earnings beat [read more]
3. AROUND THE WEB:
- Toyota (TM) resumes operations at 12 of its 14 Japan plants, Nikkei reports [read more]
- Burger King (QSR) must face a proposed class action lawsuit on its Whopper size, Reuters reports [read more]
- Amazon (AMZN) is threatened with legal action from the U.S. FDA over selling "unapproved" drugs on its platform, FT reports [read more]
- Apple (AAPL) is testing 3D printers to make smartwatches, Bloomberg reports [read more]
- Intel (INTC) will invest $1.2B in Costa Rica, Reuters says [read more]
4. MOVERS:
- Sirius XM (SIRI) gains after CEO Jennifer Witz bought 250K shares of its stock [read more]
- Baidu (BIDU) rises in New York after Bloomberg reported that it is expected to win approval from China for AI [read more]
- Sibanye Stillwater (SBSW) declines in New York after BofA downgraded the stock to Neutral [read more]
- ZTO Express (ZTO) falls in New York after reporting quarterly results [read more]
- Armour Residential (ARR) lower after announcing a 1-for-5 reverse stock split [read more]
5. EARNINGS/GUIDANCE:
- Ambarella (AMBA) reported Q2 results and provided guidance for Q3, with Deutsche Bank commenting on the "disappointing guidance" [read more]
- Box (BOX) announced its Q2 results, provided guidance for Q3, narrowed its FY24 outlook, and expanded its stock repurchase program [read more]
- MasterCraft (MCFT) provided Q4 results, with CEO Fred Brightbill commenting the company "performed extremely well during fiscal 2023" [read more]
- PVH Corp. (PVH) reported Q2 results, with CEO Stefan Larsson commenting the company "delivered another strong quarter across both Calvin Klein and TOMMY HILFIGER" [read more]
- Vera Bradley (VRA) reported Q2 results [read more]
INDEXES:
The Dow rose 37.57, or 0.11%, to 34,890.24, the Nasdaq gained 75.55, or 0.54%, to 14,019.31, and the S&P 500 advanced 17.24, or 0.38%, to 4,514.87.
