Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Bed Bath & Beyond (BBBY) reported downbeat quarterly results and announced that CEO Mark Tritton will be leaving the company [more]
- FedEx (FDX) introduced 2025 targets at its investor meeting [more]
- McCormick (MCK) reported downbeat Q2 results and cut FY22 earnings guidance [more]
- Pinterest (PINS) named Bill Ready, formerly of Google (GOOGL), as its new CEO [more]
- Disney's (DIS) board unanimously voted to extend CEO Bob Chapek's contract by three years [more]
2. WALL STREET CALLS:
- Goldman Sachs (GS) upgraded to Buy from Neutral at BofA [more]
- Upstart (UPST) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
- Microsoft (MSFT) and Amazon (AMZN) were initiated with Buy ratings at Redburn [more]
- Raymond James raised Ulta Beauty (ULTA) to Strong Buy while cutting Sally Beauty (SBH) to Underperform [more]
- Morgan Stanley cut its price target on Carnival (CCL) shares to $7 while noting it sees a "bear case" of zero [more]
3. AROUND THE WEB:
- An FDA panel recommended inclusion of an omicron component for COVID-19 booster vaccines in the U.S., CNBC reports [more]
- Lloyds (LYG) reshuffled its bankers as part of CEO Charlie Nunn's new strategy, FT reports [more]
- Beyond Meat (BYND) CEO Ethan Brown said the company will launch a slice-steak product, WSJ reports [more]
- Tesla (TSLA) increased Model Y production at Gigafactory Texas, Electrek reports [more]
- Jim Chanos told the Financial TImes data centers REITs are his firm's "big short right now" [more]
4. MOVERS:
- Agenus (AGEN) increases after announcing expanded data from its Phase 1b study of botensilimab, balstilimab [more]
- 2U (TWOU) higher after Bloomberg reported India’s Byju’s has offered to buy the company in a cash deal that values it at $15 per share [more]
- Frontdoor (FTDR) gains after being named to join the S&P 600 [more]
- Aspen Aerogels (ASPN) declines after announcing a stock offering of $225M [more]
- EVgo (EVGO) falls after Fuzzy Panda named the stock as a short [more]
5. EARNINGS/GUIDANCE:
- General Mills (GIS) reported upbeat Q4 results [more]
- Progress Software (PRGS) provided "beat and raise" report for Q2 [more]
- AeroVironment (AVAV) reported lower-than-expected Q4 earnings and revenue [more]
- Schnitzer Steel (SCHN) reported upbeat Q3 earnings and revenue [more]
- Patterson Companies (PDCO) reported upbeat Q4 results [more]
INDEXES:
The Dow rose 82.32, or 0.27%, to 31,029.31, the Nasdaq lost 3.65, or 0.033%, to 11,177.89, and the S&P 500 declined 2.72, or 0.071%, to 3,818.83.