Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) reported upbeat Q3 results and announced streaming price increases along with its news that an ad-supported Disney+ tier will launch in the U.S. on December 8 [more]
- Safehold (SAFE) and iStar (STAR) entered into a strategic collaboration [more]
- Sonos (SONO) reported mixed Q3 results, cut its FY22 outlook, and named Brittany Bagley as its new CFO [more]
- AppLovin (APP) reported lower-than-expected Q2 results [more]
- Bumble (BMBL) reported upbeat Q2 revenue but lowered its FY22 revenue guidance [more]
2. WALL STREET CALLS:
- Deere (DE) upgraded to Outperform from In Line at Evercore ISI [more]
- First Solar (FSLR) upgraded to Overweight from Sector Weight at KeyBanc [more]
- Lowe's (LOW) downgraded to Neutral from Buy at Citi [more]
- Disney (DIS) upgraded to Buy from Neutral at Guggenheim [more]
- Atlantic upgrades "market leader" in innovation Shopify (SHOP) to Overweight [more]
3. AROUND THE WEB:
- McDonald's (MCD) will reopen stores in Ukraine, AP reports [more]
- Credit Suisse (CS) is asking to initiate legal proceedings against SoftBank (SFTBY), FT reports [more]
- Snap (SNAP) employees are bracing for layoffs after a Q&A, Insider says [more]
- A U.S. judge has ruled that Robinhood (HOOD) must face U.S. market manipulation claims, Reuters reports [more]
- Repligen (RGEN) has turned down a takeover bid from Catalent (CTLT), Street Insider says [more]
4. MOVERS:
- Matterport (MTTR) higher after reporting quarterly results and providing FY22 revenue guidance [more]
- New York Times (NYT) gains after ValueAct disclosed a 6.7% stake in the company [more]
- Sanofi (SNY) and GSK (GSK) fall amid Zantac litigation worries [more]
- Cerevel Therapeutics (CERE) declines after announcing $250M convertible senior notes offering [more]
- Six Flags (SIX) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Vacassa (VCSA) provided a "beat and raise" report for Q2 [more]
- Warby Parker (WRBY) reported upbeat Q2 results but cut its FY22 revenue guidance [more]
- Marqeta (MQ) reported upbeat Q2 earnings and revenue [more]
- Circor (CIR) reported lower-than-expected Q1 results [more]
- Mogo (MOGO) reported a year-over-year decline in Q2 earnings [more]
INDEXES:
The Dow rose 27.16, or 0.082%, to 33,336.67, the Nasdaq lost 74.89, or 0.58%, to 12,779.91, and the S&P 500 declined 2.97, or 0.071%, to 4,207.27.