Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Target (TGT) shares plunged after its Q1 earnings miss and lowered 2022 outlook [more]
- Lowe's (LOW) reported upbeat Q1 earnings and is affirming its outlook for the operating results of FY22 [more]
- TJX (TJX) also reported upbeat Q1 earnings [more]
- Analog Devices (ADI) reported better-than-expected Q2 earnings and revenue [more]
- Triumph Group (TGI) reported downbeat Q4 results and offered a lower-than-expected FY23 outlook [more]
2. WALL STREET CALLS:
- Jefferies upgrades Penn National (PENN) with digital prospects assigned "de minimis value" [more]
- Bernstein upgrades Monster Beverage (MNST) to Outperform [more]
- AeroVironment (AVAV) upgraded to Outperform at RBC Capital on demand acceleration [more]
- BofA downgrades Ginkgo Bioworks (DNA) to Underperform, halves target to $3 [more]
- Century Aluminum (CENX) downgraded at Wolfe Research on power price "pain" [more]
3. AROUND THE WEB:
- II-VI (IIV) and Coherent (COHR) see uncertainty added to SAMR deal reviews, Capitol Forum reports [more]
- GOP looks to curb the voting power of BlackRock (BLK) and other asset managers, WSJ reports [more]
- Peloton (PTON) loan attracts strong demand from private and public lenders, FT reports [more]
- Twitter (TWTR), Elon Musk's team, and banks continue to work to close the deal, Bloomberg reports [more]
- Tesla (TSLA) ineligible for S&P 500 ESG Index inclusion, S&P announces [more]
4. MOVERS:
- MagnaChip (MX) higher in New York after a report published by Maeil Business Newspaper claimed LX Group and Carlyle (CG) jointly submitted a letter of intent for an acquisition of the chipmaker [more]
- Arcos Dorados (ARCO) gains in New York after reporting quarterly results [more]
- Six Flags (SIX) increases after a director disclosed the purchase of $12.26M in stock [more]
- Dick’s Sporting (DKS) declines amid retail rout and after OTR Global downgraded its view on the company to Mixed [more]
- Ares Commercial (ACRE) lower after announcing a 7M share offering [more]
5. EARNINGS/GUIDANCE:
- Doximity (DOCS) reported Q4 results and gave below-consensus Q1 guidance [more]
- dLocal (DLO) reported upbeat Q1 revenue [more]
- Extreme Networks (EXTR) provided Q4 and FY23 guidance [more]
- Dynatrace (DT) reported upbeat Q4 earnings and revenue [more]
- Shoe Carnival (SCVL) provided a "beat and raise" report for Q1 [more]
INDEXES:
Near midday, the Dow was down 800.52, or 2.45%, to 31,854.07, the Nasdaq was down 401.00, or 3.35%, to 11,583.52, and the S&P 500 was down 118.39, or 2.90%, to 3,970.46.