Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Spotify (SPOT) and Google (GOOGL) announced that a future version of the Spotify app will allow users to sign up inside the app to pay Spotify directly for a subscription [more]
- Uber (UBER) advanced after inking a deal with Curb to list NYC taxis on its app [more]
- KB Home (KBH) reported downbeat Q1 results [more]
- Traeger (COOK) reported Q4 results and gave FY22 guidance that prompted two downgrades of its shares [more]
- Li-Cycle (LICY) shares close lower after Blue Orca issued a short report accusing the company of "questionable accounting" [more]
2. WALL STREET CALLS:
- Ping Identity (PING) upgraded to Buy at Stifel on potential positive of Okta (OKTA) breach [more]
- Alcoa (AA) downgraded to Equal Weight from Overweight at Morgan Stanley [more]
- iRobot (IRBT) raised to Outperform at Northland after USTR reinstates vacuum exclusion [more]
- Bank of America downgraded NetApp (NTAP) to Neutral from Buy [more]
- China Renaissance initiated coverage of Nio (NIO), Li Auto (LI), and XPeng (XPEV), all with Buy ratings [more]
3. AROUND THE WEB:
- Apple (AAPL) is working on a hardware subscription service for iPhones, Bloomberg reports [more]
- Moderna (MRNA) CEO Stephane Bancel told CNBC the company wants to give the FDA "flexibility" with its second COVID booster [more]
- Toshiba (TOSYY) investors are rejecting a proposal to spin off its devices unit as well as a proposal to seek buyout offers, Reuters reports [more]
- Airline executives are urging President Biden to drop the mask mandate for planes and airports, WSJ reports [more]
- Exxon Mobil (XOM) is weighing expanding its gas-to-bitcoin pilot to four countries, Bloomberg says [more]
4. MOVERS:
- Nikola (NKLA) gains after Deutsche Bank analyst Emmanuel Rosner said he left the company's analyst day “highly encouraged” [more]
- WeWork (WE) higher after a regulatory filing showed CEO Mathrani bought 30K shares of the company's stock [more]
- Hepsiburada (HEPS) rises in New York after reporting quarterly results [more]
- Bilibili (BILI) declines in New York after KGI Securities downgraded the stock to Neutral from Outperform [more]
- Hello Group (MOMO) and Kingsoft Cloud (KC) fall in New York trading after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Darden (DRI) reported downbeat Q3 results and cut its FY22 earnings guidance [more]
- FactSet (FDS) provided a "beat and raise" report for Q2 [more]
- Oxford Industries (OXM) reported upbeat Q4 results [more]
- Celestica (CLS) provided lower than expected revenue guidance for 2022 [more]
- Alaska Air (ALK) sees Q1 revenue down 11%-12% versus 2019, improved from its prior view [more]
INDEXES:
The Dow rose 349.44, or 1.02%, to 34,707.94, the Nasdaq gained 269.23, or 1.93%, to 14,191.84, and the S&P 500 advanced 63.92, or 1.43%, to 4,520.16.