Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Spirit Airlines (SAVE) said it will begin deal talks with JetBlue (JBLU) [more]
- The Centers for Medicare & Medicaid Services released a final policy for coverage of Biogen's (BIIB) Aduhelm for treating Alzheimer's [more]
- WD-40 (WDFC) reported year-over-year growth in Q2 earnings, but cut its FY22 earnings guidance [more]
- ACM Research (ACMR) said that, as a result of Shanghai COVID-related restrictions, it expects Q1 revenue to be significantly below its original plan [more]
- Designer Brands (DBI) raised its FY22 earnings guidance and approved the reinstatement of its 5c per share quarterly dividend [more]
2. WALL STREET CALLS:
- HP Inc. (HPQ) downgraded to Neutral from Buy at UBS [more]
- Robinhood (HOOD) downgraded to Sell from Neutral at Goldman Sachs [more]
- Alcoa (AA) downgraded to Neutral from Outperform at Credit Suisse [more]
- Kroger (KR) upgraded to Buy at BofA on improving market share trends [more]
- BofA analyst Ken Hoexter downgraded UPS (UPS) to Neutral amid his downgrade of nine of the 28 stocks in his Transportation coverage [more]
3. AROUND THE WEB:
- The NFL has talked about collaborating with Netflix (NFLX), The Athletic reports [more]
- Goldman Sachs (GS) is offering former partners access to a new investment fund, FT reports [more]
- Intel (INTC) CEO Pat Gelsinger seeks additional capacity support from TSMC (TSM), DigiTimes reports [more]
- Tesla (TSLA) will start selling its delayed Cybertruck in 2023, NY Times reports [more]
- Amazon (AMZN) is alleging interference in the Staten Island warehouse union victory, Reuters reports [more]
4. MOVERS:
- Paysafe (PSFE) higher in New York after naming Bruce Lowthers as CEO [more]
- Novavax (NVAX) rises after receiving an emergency use authorization for its COVID-19 vaccine in Thailand [more]
- BioCryst Pharmaceuticals (BCRX) declines after pausing enrollment in PNH studies [more]
- LXP Industrial Trust (LXP) falls after announcing its guidance for 2022 and suspending its evaluation of strategic alternatives [more]
- Triton International (TRTN) lower after BofA analyst Ken Hoexter double downgraded the stock to Underperform from Buy [more]
5. EARNINGS/GUIDANCE:
- Kura Sushi (KRUS) reported upbeat Q2 earnings and revenue [more]
- Silicon Motion (SIMO) sees Q1 revenue being slightly above the high-end of its guidance [more]
- Zynex (ZYXI) reported preliminary Q1 revenue [more]
- Quidel (QDEL) provided upbeat Q1 revenue guidance [more]
- Nurix Therapeutics (NRIX) reported lower-than-expected Q1 earnings [more]
INDEXES:
Near midday, the Dow was up 255.45, or 0.74%, to 34,839.02, the Nasdaq was down 70.10, or 0.50%, to 13,827.20, and the S&P 500 was up 11.23, or 0.25%, to 4,511.44.