Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Levi Strauss (LEVI) provided a "beat and raise" report for Q1 [read more]
- Sanofi (SNY) has agreed to settle roughly 5,000 Zantac lawsuits in the U.S., Bloomberg reports [read more]
- Carlyle Group (CG) is weighing strategic options for SntadardAero, Reuters reports [read more]
- BlackBerry (BB) reported upbeat Q4 earnings and revenue [read more]
- Resources Connection (RGP) reported a year-over-year decline in Q3 results and named Bhadresh Patel COO [read more]
2. WALL STREET CALLS:
- Wayfair (W) was upgraded to Outperform from In Line at Evercore ISI [read more]
- Wolfe Research upgraded Capital One (COF) to Outperform from Peer Perform, sees meaningful upside if Discover (DFS) deal closes [read more]
- UBS downgraded Southern Company (SO) to Neutral from Buy, saying the current valuation is warranted [read more]
- Benchmark started coverage of DoorDash (DASH) with a Buy rating, saying it is positive on the company's "ever-growing dominance" in restaurant delivery [read more]
- Bernstein initiated coverage of Reddit (RDDT) with an Underperform rating [read more]
3. AROUND THE WEB:
- PepsiCo (PEP) products return to Carrefour stores in France, WSJ reports [read more]
- Apollo Global (APO) told Paramount (PARA) it was interested in acquiring the company for more than $26B, NY Times reports [read more]
- Meta's (META) WhatsApp experienced an outage on Wednesday, 9to5 Google says [read more]
- TSMC (TSM) was expected to resume production overnight following a 7.4 magnitude earthquake, Bloomberg says [read more]
- Faraday (FFIE) has temporarily avoided eviction from its Los Angeles headquarters, TechCrunch reports [read more]
4. MOVERS:
- MacroGenics (MGNX) higher after posting an update on Tamarack [read more]
- Iris Energy (IREN) gains in New York after announcing it mined 353 bitcoin in March [read more]
- Nikola (NKLA) increases after announcing it produced 43 Class 8 Nikola hydrogen fuel cell EVs in Q1 [read more]
- Lamb Weston (LW) falls after reporting quarterly results [read more]
- Block (SQ) declines after Morgan Stanley downgraded the stock to Underweight [read more]
5. EARNINGS/GUIDANCE:
- RPM (RPM) reported Q3 results and provided guidance for FY24 and Q4 [read more]
- Lindsay (LNN) reported Q2 results, with EPS beating consensus [read more]
- Simply Good Foods (SMPL) announced Q2 results and provided guidance for FY24 [read more]
- Conagra Brands (CAG) reported Q3 results, with CEO Sean Connolly commenting, "Our Q3 results demonstrate steady progress stemming from strong execution" [read more]
- AngioDynamics (ANGO) reported Q3 results, with EPS and revenue missing consensus [read more]
INDEXES:
Near midday, the Dow was up 186.53, or 0.48%, to 39,313.67, the Nasdaq was up 170.26, or 1.05%, to 16,447.72, and the S&P 500 was up 42.29, or 0.81%, to 5,253.78.