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 that JetBlue's (JBLU) enhanced proposal is not superior to that of Frontier Group (ULCC) [more]
- Berkshire Hathaway's (BRK.A) Warren Buffett unveiled big investments in Chevron (CVX) and Activision Blizzard (ATVI) at Berkshire's annual meeting [more]
- Electric car makers Nio (NIO) and Li Auto (LI) reported April deliveries [more]
- Pfizer's (PFE) COVID pill failed to show a statistically significant benefit in preventive therapy trial [more]
- G-III Apparel (GIII) will acquire the Karl Lagerfeld brand for $210M [more]
2. WALL STREET CALLS:
- Bath & Body Works (BBWI) upgraded to Outperform from Market Perform at Cowen [more]
- Accolade (ACCD) upgraded to Equal Weight from Underweight at Wells Fargo [more]
- Piper Sandler downgrades KeyCorp (KEY) and Community Bank System (CBU) to Underweight from Neutral [more]
- TAL Education (TAL) and New Oriental Education (EDU) upgraded to Neutral from Underweight at JPMorgan [more]
- Comerica (CMA) upgraded to Overweight from Neutral at Piper Sandler [more]
3. AROUND THE WEB:
- Google's (GOOGL) Pixel Watch will be powered by 300mAh, 9to5Google reports [more]
- Twitter (TWTR) CEO Parag Agrawal admitted that things under Elon Musk will likely be "different," Business Insider says [more]
- Starbucks (SBUX) has accused labor organizers of harassing workers and customers, WSJ reports [more]
- Disney's (DIS) corporate affairs head Geoff Morrell has left the company, WSJ says [more]
- Alimentation Couche-Tard (ANCTF) and EG Group in deal discussions, WSJ reports [more]
4. MOVERS:
- Hilltop Holdings (HTH) gains after commencing a modified “Dutch auction” tender offer to buy $400M in stock [more]
- Innoviz (INVZ) higher in New York after being selected by a large vehicle manufacturer to become its direct LiDAR supplier [more]
- Vaxxinity (VAXX) slips after receiving FDA Fast Track Designation for UB-311 [more]
- Vertex Pharmaceuticals (VRTX) lower after providing an update on its Phase 1/2 clinical trial of VX-880 [more]
- Sandstorm Gold (SAND) falls in New York after announcing it will acquire Nomad Royalty (NSR) for $590M and buy nine royalties and one stream from BaseCore Metal for total consideration of $525M [more]
5. EARNINGS/GUIDANCE:
- WEC Energy (WEC) provided a "beat and raise" report for Q1 [more]
- Moody's (MCO) reported downbeat Q1 earnings and lowered its FY22 earnings guidance [more]
- Global Payments (GPN) reported better-than-expected Q1 results [more]
- ON Semiconductor (ON) reported upbeat Q1 earnings and revenue [more]
- Itron (ITRI) reported downbeat Q1 revenue [more]
INDEXES:
Near midday, the Dow was down 92.53, or 0.28%, to 32,884.68, the Nasdaq was up 34.03, or 0.28%, to 12,368.67, and the S&P 500 was down 9.49, or 0.23%, to 4,122.44.