Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Accenture (ACN) provided a "beat and raise" report for Q3 [more]
- Radius (RDUS) agreed to be acquired by Gurnet Point and Patient Square in a deal valued at about $890M [more]
- The FDA has denied authorization to market Juul products in the U.S. [more]
- Novavax (NVAX) said its Nuvaxovid COVID-19 vaccine has been recommended for expanded conditional authorization in the EU [more]
- Moderna's (MRNA) COVID-19 vaccine for children won the backing of CDC advisers, WSJ reports [more]
2. WALL STREET CALLS:
- eBay (EBAY) assumed with an Underweight at Morgan Stanley [more]
- Snowflake (SNOW) upgraded to Overweight from Neutral at JPMorgan [more]
- Southwest (LUV) upgraded to Strong Buy from Outperform at Raymond James [more]
- William Blair downgrades Acuity Brands (AYI) after survey points to weaker lighting demand [more]
- Marathon Digital (MARA) downgraded to Neutral at B. Riley amid sharp decline in Bitcoin [more]
3. AROUND THE WEB:
- Uber (UBER) CEO Dara Khosrowshahi tweeted that there is "zero truth" to a Bloomberg report that the company explored options for its Indian ride-hailing unit [more]
- Broadcom's (AVGO) proposed $69B deal for VMware (VMW) is set for a lengthy EU antitrust probe, FT reports [more]
- United Airlines (UAL) will slash 12% of domestic flights out of Newark, CNBC reports [more]
- Cisco (CSCO) and Nike (NKE) are planning to fully exit Russia, Reuters reports [more]
- Netflix (NFLX) is laying off roughly 300 employees, Variety says [more]
4. MOVERS:
- uniQure (QURE) advanced in New York trading after providing an update on the low-dose cohort in Phase I/II trial of AMT-130 [more]
- Amyris (AMRS) gained after beginning fermentation at a new plant in Brazil [more]
- Celsius Holdings (CELH) rose after Stifel suggested it could be a target for PepsiCo (PEP) after a distribution deal with Bang Energy was ended [more]
- Xenon Pharmaceuticals (XENE) declined in New York after announcing a 7.89M share offering [more]
- Mullen Automotive (MULN) fell after issuing a shareholder update [more]
5. EARNINGS/GUIDANCE:
- Rite Aid (RAD) reported upbeat Q1 results but lowered its FY23 earnings guidance [more]
- Darden (DRI) reported upbeat Q4 results and announced a new $1B share repurchase program [more]
- KB Home (KBH) reported better-than-expected Q2 earnings and revenue [more]
- FactSet (FDS) reported upbeat Q3 earnings and revenue [more]
- RedHill Biopharma (RDHL) reported mixed Q1 results [more]
INDEXES:
The Dow rose 194.23, or 0.64%, to 30,677.36, the Nasdaq gained 179.11, or 1.62%, to 11,232.19, and the S&P 500 advanced 35.84, or 0.95%, to 3,795.73.