Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Chevron (CVX) agreed to acquire Hess Corp. (HES) for $171 per share in an all-stock transaction [read more]
- Textainer (TGH) agreed to be acquired by Stonepeak for $7.4B [read more]
- EngageSmart (ESMT) will be acquired by Vista Equity for $23 per share in cash [read more]
- The UAW said that 6,800 auto workers have joined their strike at Stellantis' (STLA) Sterling plant [read more]
- Additionally, the UAW said members in Michigan, Ohio, and Pennsylvania reached a tentative agreement with General Dynamics (GD) [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Lockheed Martin (LMT) has decided to withdraw from the U.S. Air Force's competition to build at least 75 refueling tankers, Reuters says [read more]
- Reliance Industries is nearing a multibillion dollar cash and stock deal to buy Disney's (DIS) India operations, Bloomberg reports [read more]
- Japan is probing Google (GOOG) over alleged antitrust violations, Bloomberg says [read more]
- Off-duty Alaska Airlines (ALK) pilot charged with trying to disrupt operation of engines on a flight, CNBC reports [read more]
- Nvidia (NVDA) is coming after Intel's (INTC) "stronghold" in personal computers, Reuters reports [read more]
4. MOVERS:
- Farfetch (FTCH) higher in New York after receiving EU clearance for a 47.5% stake in YNAP [read more]
- Spirit AeroSystems (SPR) increases after Bernstein upgraded the stock to Outperform [read more]
- ImmunityBio (IBRX) gains after announcing the resubmission of its BLA to the U.S. FDA for N-803 Anktiva [read more]
- Ambrx Biopharma (AMAM) falls after reporting data from its Phase 1/2 APEX-01 study of ARX517 [read more]
- Roivant Sciences (ROIV) slides after agreeing to sell Telavant to Roche (RHHBY) for $7.1B upfront [read more]
5. EARNINGS/GUIDANCE:
- FMC Corporation (FMC) cut its Q3 and Q4 guidance [read more]
- iSpecimen (ISPC) provided guidance for Q3 [read more]
- Bank of Hawaii (BOH) reported Q3 results, with CEO Peter Ho commenting, "Bank of Hawai'i delivered another quarter of solid financial results" [read more]
- Philips (PHG) reported Q3 results and provided guidance for FY23 [read more]
- Hope Bancorp (HOPE) reported Q3 results and announced a strategic reorganization [read more]
INDEXES:
The Dow fell 190.87, or 0.58%, to 32,936.41, the Nasdaq gained 34.52, or 0.27%, to 13,018.33, and the S&P 500 declined 7.12, or 0.17%, to 4,217.04.
