Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Johnson & Johnson (JNJ) reported upbeat Q1 earnings, but cut its FY22 adjusted earnings and revenue guidance as it suspended guidance on its COVID-19 vaccine sales [more]
- Hasbro (HAS) reported downbeat Q1 results, but said it will resume its share repurchase program [more]
- Regeneron (REGN) agreed to acquire Checkmate Pharmaceuticals (CMPI) for $10.50 per share in cash [more]
- American Campus (ACC) will be acquired by Blackstone (BX) for $65.47 per share in cash [more]
- Travelers (TRV) reported upbeat Q1 earnings and revenue and raised its quarterly dividend 6% [more]
2. WALL STREET CALLS:
- Roblox (RBLX) assumed with Neutral from Buy at Goldman Sachs [more]
- NXP Semiconductors (NXPI) downgraded to Neutral from Buy at Citi [more]
- Rosenblatt analyst Barton Crockett initiated coverage of Apple (AAPL) with a Neutral rating, Alphabet (GOOGL) with a Buy rating, Amazon (AMZN) with a Neutral rating and Meta Platforms (FB) with a Neutral rating as he took over coverage of the media and communications space at the firm [more]
- Lululemon (LULU) upgraded to Buy from Hold at Truist [more]
- Shift4 Payments (FOUR) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
3. AROUND THE WEB:
- Zendesk (ZEN) is exploring a potential sale of the company, Bloomberg reports [more]
- Twitter (TWTR) is expected to rebuff Tesla (TSLA) founder Elon Musk's $43B offer, WSJ reports [more]
- Apollo (APO) is not interested in acquiring Twitter, though it would consider providing financing for a buyout, CNBC reports [more]
- Amazon (AMZN) workers at a New Jersey facility will hold a union election, WSJ reports [more]
- Warner Bros. Discovery (WBD) has suspended all external marketing spend for CNN+, Axios reports [more]
4. MOVERS:
- Axsome Therapeutics (AXSM) higher after receiving and agreeing to postmarketing requirements/commitments proposed by the FDA for the New Drug Application for AXS-05 [more]
- Plug Power (PLUG) rises after announcing an agreement with Walmart (WMT) to deliver up to 20 tons per day of liquid green hydrogen [more]
- Citizens Financial Group (CFG) advances after reporting quarterly results [more]
- System1 (SST) declines after its registration to sell stock filed on February 9th became effective [more]
- Stellantis (STLA) falls in New York after suspending production in Russia [more]
5. EARNINGS/GUIDANCE:
- Dentsply Sirona (XRAY) pre-announced an earnings and revenue miss for Q1 as it reported that its CEO had been terminated [more]
- Halliburton (HAL) reported upbeat Q1 results and said it sees "significant tightness across the entire oil and gas value chain" [more]
- Lockheed Martin (LMT) reported better-than-expected Q1 earnings and reiterated FY22 guidance [more]
- ManpowerGroup (MAN) reported upbeat Q1 results [more]
- Badger Meter (BMI) reported downbeat Q1 earnings and revenue [more]
INDEXES:
The Dow rose 499.51, or 1.45%, to 34,911.20, the Nasdaq gained 287.30, or 2.15%, to 13,619.66, and the S&P 500 advanced 70.52, or 1.61%, to 4,462.21.