Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- MSG Entertainment (MSGE) reported mixed Q4 results and authorized the exploration of a potential spin-off [more]
- Foot Locker (FL) reported downbeat Q2 results and announcement the planned retirement of CEO Richard Johnson [more]
- RC Ventures officially exited its stake in Bed Bath & Beyond (BBBY) [more]
- Wayfair (W) announced a workforce reduction involving 870 employees [more]
- Ross Stores (ROST) reported downbeat Q2 results and cut its FY22 earnings guidance [more]
2. WALL STREET CALLS:
- Martin Marietta (MLM) upgraded to Outperform from Market Perform at Raymond James [more]
- UBS upgraded DaVita (DVA) to Buy from Neutral, says shares offer a favorable risk/reward [more]
- HP Inc. (HPQ) cut to Underweight at Wells Fargo amid deteriorating PC fundamentals [more]
- Biohaven Pharmaceutical (BHVN) downgraded to Neutral from Overweight at Piper Sandler [more]
- Stifel initiated coverage on MasterCraft Boat (MCFT) with a Buy rating [more]
3. AROUND THE WEB:
- Citron says an article explains why Agilon (AGL) shares are going to $5 [more]
- Disney (DIS) has discussed where ESPN fits in over the years, WSJ reports [more]
- Rivian (RIVN) dropped the cheapest version of its electric pickup truck, Bloomberg reports [more]
- FedEx (FDX) contractor tensions are rising, WSJ says [more]
- Samsung (SSNLF) will be hit by tougher U.S.-imposed China chip ban, DigiTimes reports [more]
4. MOVERS:
- Axsome Therapeutics (AXSM) increases after the FDA approved AUVELITY tablets for depression [more]
- General Motors (GM) gains after reinstating its quarterly cash dividend [more]
- Vipshop (VIPS) higher in New York after announcing quarterly results [more]
- 23andMe (ME) falls after announcing CFO Schoch is stepping down [more]
- Robinhood (HOOD) lower after reporting Net Cumulative Funded Accounts at the end of July [more]
5. EARNINGS/GUIDANCE:
- Applied Materials (AMAT) reported upbeat Q3 results [more]
- Bill.com (BILL) reported better-than-expected Q4 results [more]
- The Buckle (BKE) reported mixed Q2 results [more]
- StoneCo (STNE) reported upbeat quarterly revenue [more]
- Deere (DE) reported mixed Q3 results [more]
INDEXES:
Near midday, the Dow was down 273.49, or 0.80%, to 33,725.55, the Nasdaq was down 252.62, or 1.95%, to 12,712.72, and the S&P 500 was down 53.22, or 1.24%, to 4,230.52.