Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Block (SQ) saw no fewer than five analysts cutting their price targets on the stock following Q1 report [more]
- Zillow (ZG) reported upbeat Q1 revenue, but gave Q2 revenue guidance that missed estimates [more]
- Under Armour (UAA) reported lower-than-expected quarterly results [more]
- The FDA is limiting authorized use of Johnson & Johnson's (JNJ) COVID-19 vaccine [more]
- DraftKings (DKNG) provided a "beat and raise" report for Q1 [more]
2. WALL STREET CALLS:
- FuboTV (FUBO) was downgraded to Underweight from Neutral at JPMorgan and to Neutral from Buy at Roth Capital following the company's quarterly report [more]
- Vertex Pharmaceuticals (VRTX) downgraded to Neutral at Baird after 21% year-to-date advance [more]
- Melco Resorts & Entertainment (MLCO) upgraded to Buy from Outperform at CLSA [more]
- JPMorgan downgrades Amarin (AMRN) to sell on headwinds in U.S., Europe [more]
- Virgin Galactic (SPCE) downgraded to Hold at Canaccord after commercial launch delay [more]
3. AROUND THE WEB:
- Peloton (PTON) is exploring the sale of a minority stake, WSJ reports [more]
- Tesla (TSLA) is working to increase output at its Shanghai plant, Reuters reports [more]
- Amazon's (AMZN) Prime Air had a 30% turnover rate in 2021, Insider reports [more]
- The FTC will investigate Sony's (SONY) proposed $3.6B takeover of Bungie, The Information reports [more]
- Ford (F) has filed a patent for a remote controlled engine revving system, Ford Authority says [more]
4. MOVERS:
- Funko (FNKO) higher after reporting quarterly results and announcing a consortium led by TCG that includes eBay (EBAY) will make a $263M strategic investment in the company [more]
- ChemoCentryx (CCXI) and Vistra (VST) increase after reporting quarterly results [more]
- Stellantis (STLA) rises in New York after the company’s CFO told analysts he doesn’t need to separate the company’s electric vehicle business, according to WSJ [more]
- GoPro (GPRO) lower after reporting quarterly results and providing guidance for Q2 and FY22 [more]
- Endo International (ENDP) and Bill.com (BILL) fall in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Cigna (CI) provided a "beat and raise" report for Q1 [more]
- Dish (DISH) reported downbeat Q1 earnings and revenue [more]
- Cloudflare (NET) reported upbeat Q1 results [more]
- Icahn Enterprises (IEP) reported a year-over-year increase in Q1 earnings and revenue [more]
- Goodyear Tire (GT) reported upbeat Q1 results [more]
INDEXES:
Near midday, the Dow was down 119.77, or 0.36%, to 32,878.20, the Nasdaq was down 44.95, or 0.36%, to 12,272.74, and the S&P 500 was down 17.90, or 0.43%, to 4,128.97.