Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- JetBlue (JBLU) announced a new $30 per share offer to acquire Spirit Airlines (SAVE) [more]
- McDonald's (MCD) said it will exit the Russian market and expects a $1.2B-$1.4B charge from the move [more]
- Carlyle (CG) agreed to acquire ManTech (MANT) for $96 per share [more]
- Digital World Acquisition (DWAC) expects the Trump Media combination to close in the second half of the year [more]
- GameStop (GME) has named Nir Patel as its COO [more]
2. WALL STREET CALLS:
- Wedbush sees Netflix (NFLX) positioned to exceed Q2 guidance, upgrades to Outperform [more]
- Trade Desk (TTD) upgraded to Buy at Stifel as Netflix gets ready to add ads [more]
- Piper upgrades SoFi (SOFI) to Overweight ahead of "significant" earnings ramp [more]
- Humacyte (HUMA) downgraded to Underweight from Overweight at Piper Sandler [more]
- Alibaba (BABA) raised to Overweight from Underweight at JPMorgan among bevy of Chinese internet stock upgrades [more]
3. AROUND THE WEB:
- Netflix (NFLX) is exploring live streaming for unscripted series, Deadline reports [more]
- Tesla (TSLA) has delayed a plan to boost Shanghai output to pre-lockdown levels, Reuters reports [more]
- Rivian (RIVN) sued Commercial Vehicle Group (CVGI) over seat prices, WSJ reports [more]
- Elon Musk said a Twitter (TWTR) deal at a lower price is "not out of the question" , Bloomberg reports [more]
- India's Byju is eyeing Chegg (CHGG) or 2U (TWOU) for a potential acquisition, Bloomberg says [more]
4. MOVERS:
- Griffon (GFF) higher after announcing its board of directors have initiated a process to review strategic alternatives, including a sale, merger, or other strategic transaction [more]
- Rattler Midstream (RTLR) gains after announcing Diamondback Energy (FANG) will acquire publicly held units of the company [more]
- WideOpenWest (WOW) increases after Bloomberg reported that Morgan Stanley's (MS) investment arm is in talks to buy WideOpenWest [more]
- Chimerix (CMRX) declines after reporting quarterly results, announcing Emergent BioSolutions (EBS) will acquire the company’s worldwide rights to TEMBEXA and stating it terminated its DSTAT development program [more]
- Twilio (TWLO) lower after Baird analyst William Power downgraded the stock to Neutral from Outperform with a price target of $120, down from $155 [more]
5. EARNINGS/GUIDANCE:
- Warby Parker (WRBY) reported downbeat Q1 results [more]
- Clear Secure (YOU) reported upbeat Q1 results and announced a $100M stock buyback [more]
- Monday.com (MNDY) provided a "beat and raise" report for Q1 [more]
- LogicBio (LOGC) reported upbeat Q1 earnings [more]
- Impel NeuroPharma (IMPL) reported downbeat Q1 earnings and revenue [more]
INDEXES:
The Dow rose 26.76, or 0.083%, to 32,223.42, the Nasdaq lost 142.21, or 1.20%, to 11,662.79, and the S&P 500 declined 15.88, or 0.39%, to 4,008.01.