Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Cisco (CSCO) reported upbeat Q4 results and provided FY23 guidance [more]
- Ryan Cohen's RC Ventures filed to sell its Bed Bath & Beyond (BBBY) stake [more]
- Kohl's (KSS) reported better-than-expected Q2 results [more]
- Tapestry (TPR) reported mixed Q4 results and provided FY23 guidance [more]
- Bath & Body Works (BBWI) reported better-than-expected Q2 results [more]
2. WALL STREET CALLS:
- First Solar (FSLR) was upgraded to Equal Weight from Underweight at Morgan Stanley [more]
- BofA upgraded Radian Group (RDN) to Neutral after the company's 'impressive' Q2 capital return [more]
- Krispy Kreme (DNUT) was downgraded to In Line at Evercore ISI on consumer headwinds [more]
- DA Davidson cut Jack Henry (JKHY) to Neutral on lower margins and valuation [more]
- Argus starts Carvana (CVNA) at Hold, sees the stock as fairly valued [more]
3. AROUND THE WEB:
- Tesla (TSLA) is seeking help from the Chinese government in securing power to suppliers, Bloomberg reports [more]
- The WWE (WWE) board found that Vince McMahon gave $5M in unrecorded expenses to Donald Trump's charity, WSJ reports [more]
- Lululemon (LULU) workers in Washington, D.C. have withdrawn a bid for a union vote, Bloomberg reports [more]
- Apollo (APO) is in talks to acquire a minority stake in Manchester United (MANU), Daily Mail reports [more]
- Snap (SNAP) has ended development of its flying selfie 'Pixy' drone, WSJ says [more]
4. MOVERS:
- Cassava (SAVA) increases after announcing the JPAD found no evidence of data manipulation in its simufilam publication [more]
- Canadian Solar (CSIQ) gains in New York after reporting quarterly results [more]
- WeTrade (WETG) rises in New York after entering a sales promotion partnership with Zhixun Biotechnology [more]
- NetEase (NTES) lower in New York after reporting quarterly results [more]
- Orchid Island (ORC) falls after announcing a 1-for-5 reverse stock split [more]
5. EARNINGS/GUIDANCE:
- Keysight Technologies (KEYS) reported upbeat Q3 results [more]
- BJ's Wholesale (BJ) provided "beat and raise" report for Q2 [more]
- Estee Lauder (EL) reported upbeat Q4 results [more]
- Synopsys (SNPS) provided "beat and raise" report for Q3 [more]
- Wolfspeed (WOLF) reported upbeat Q4 earnings and revenue [more]
INDEXES:
Near midday, the Dow was up 8.24, or 0.024%, to 33,988.56, the Nasdaq was up 54.07, or 0.42%, to 12,992.19, and the S&P 500 was up 11.64, or 0.27%, to 4,285.68.