Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Tyson Foods (TSN) provided a "beat and raise" report for Q2 [more]
- Palantir (PLTR) reported downbeat Q1 earnings but upbeat revenue for the quarter [more]
- Plusgrade will acquire Points (PCOM) in an all-cash transaction [more]
- Disney's (DIS) "Doctor Strange in the Multiverse of Madness" grossed $185M in its debut weekend, including a $33M opening at Imax (IMAX) screens [more]
- Philip Morris (PM) is in talks to acquire Swedish Match (SWMAY) [more]
2. WALL STREET CALLS:
- JPMorgan downgraded Dish Network (DISH) to Neutral from Overweight, while Credit Suisse upgraded the stock to Outperform from Neutral with an unchanged price target [more]
- Virgin Galactic (SPCE) was downgraded to Hold from Buy at Truist after Canaccord also cut its rating on the stock last week [more]
- Wells Fargo upgraded Match Group (MTCH) to Overweight from Equal Weight [more]
- iHeartMedia (IHRT) downgraded to Neutral from Overweight at JPMorgan [more]
- Lake Street, Northland, Needham and B. Riley initiated coverage of Applied Blockchain (APLD) with Buy-equivalent ratings [more]
3. AROUND THE WEB:
- Ford (F) will sell 8M shares of Rivian (RIVN) as the IPO lockup period expires, CNBC reports [more]
- Uber (UBER) CEO Dara Khosrowshahi told employees the company will cut back on spending, CNBC reports [more]
- Hindenburg is shorting Twitter (TWTR) on risk of the Musk deal getting repriced lower [more]
- Lockheed Martin (LMT) is looking to nearly double Javelin missile production, Reuters reports [more]
- Goldman Sachs (GS) will no longer work with SPACs over liability concerns, Bloomberg reports [more]
4. MOVERS:
-
Viatris (VTRS) higher after reporting quarterly results and announcing FY22 guidance [more]
- Amicus Therapeutics (FOLD) increases after reporting quarterly results and announcing FY22 Galafold revenue guidance [more]
- Ke Holdings (BEKE) declines in New York after filing to sell shares [more]
- PagSeguro Digital (PAGS) lower in New York after New Street analyst Soomit Datta downgraded the stock to Neutral from Buy [more]
- Lordstown Motors (RIDE) falls after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Blue Apron (APRN) reported downbeat quarterly results [more]
- Party City (PRTY) reported downbeat quarterly results and cut its FY22 revenue guidance [more]
- Tegna (TGNA) reported better-than-expected Q1 earnings and revenue [more]
- Exelon (EXC) reported upbeat Q1 revenue and reaffirmed its 2022 guidance [more]
- Heska (HSKA) reported upbeat Q1 adjusted earnings [more]
INDEXES:
The Dow fell 653.67, or 1.99%, to 32,245.70, the Nasdaq lost 521.41, or 4.29%, to 11,623.25, and the S&P 500 declined 132.10, or 3.20%, to 3,991.24.