Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- At its WWDC keynote, Apple (AAPL) unveiled new features coming to iOS 16, iPadOS 16, macOS Ventura, and WatchOS 9, and announced a new MacBook Air and MacBook Pro [more]
- JetBlue (JBLU) improved its offer to acquire Spirit Airlines (SAVE) [more]
- Tesla (TSLA) founder Elon Musk accused Twitter (TWTR) of "actively resisting and thwarting" his information rights related to his offer to buy the social media network operator [more]
- Starbucks (SBUX) affirmed plans to name a new CEO in the fall and the Board has agreed with interim CEO Howard Schultz that he will remain in that role through the first fiscal quarter of 2023 [more]
- The White House plans to waive some solar panel tariffs for 24 months [more]
2. WALL STREET CALLS:
- Raymond James upgrades Spotify (SPOT) to buy with bad news seen as priced in [more]
- Crowdstrike (CRWD) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
- Edward Jones upgraded American Express (AXP) to Buy from Hold [more]
- L.B. Foster (FSTR) downgraded to Neutral on inflation headwinds at B. Riley [more]
- Raymond James initiated coverage of DoorDash (DASH) with a Market Perform rating [more]
3. AROUND THE WEB:
- China will complete its Didi (DIDI) probe and lift a ban on adding new users, WSJ reports [more]
- Q2 Holdings (QTWO) is currently not pursuing a sale amid low bids, Barron's says [more]
- Google (GOOG) has been ordered to pay Australia's Barilaro over YouTube videos, Reuters reports [more]
- Abbott (ABT) resumes production in Michigan, though the formula shortage will continue, WSJ reports [more]
- Nio (NIO) is looking to hire professionals to build a U.S. plant, DigiTimes reports [more]
4. MOVERS:
- Shoals Technologies (SHLS) and Array Technologies (ARRY) higher after President Biden announced executive action on clean energy technologies [more]
- FuelCell (FCEL) rises after entering a collaboration with TuNur [more]
- Praxis Precision Medicines (PRAX) falls after announcing its Aria Study did not achieve statistical significance on the primary endpoint [more]
- Veru (VERU) lower after presenting final results from Phase 1b/2 study of sabizabulin [more]
- SailPoint (SAIL) declines after Thoma Bravo cut the price in its deal to buy Anaplan (PLAN) [more]
5. EARNINGS/GUIDANCE:
- Parks Hotels & Resorts (PK) raised its Q2 earnings guidance [more]
- SAIC (SAIC) provided a "beat and raise" report for Q1 [more]
- SRAX (SRAX) reported mixed Q4 results [more]
- Aspen Aerogels (ASPN) cut its FY22 earnings guidance [more]
- Essex Property Trust (ESS) raised its Q2 and FY22 FFO guidance [more]
INDEXES:
The Dow rose 16.08, or 0.049%, to 32,915.78, the Nasdaq gained 48.64, or 0.40%, to 12,061.37, and the S&P 500 advanced 12.89, or 0.31%, to 4,121.43.