Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Nordstrom (JWN) reported upbeat Q2 results but cut its FY22 earnings and revenue guidance [more]
- Peloton (PTON) made products, apparel, and accessories available in Amazon.com's (AMZN) U.S. stores [more]
- The SEC has asked Twitter (TWTR) CEO Parag Agrawal to disclose how the company calculates bots [more]
- Urban Outfitters (URBN) reported mixed Q2 results [more]
- Biden cancels $10,000 of student loan debt, $20,000 in Pell Grants [more]
2. WALL STREET CALLS:
- AvalonBay (AVB) upgraded to Outperform with a $292 target at Wolfe Research [more]
- Getty Realty (GTY) upgraded on "higher appetite" for outside growth at BofA [more]
- Barclays downgraded XPeng (XPEV) to Equal Weight on execution risks [more]
- Sanofi (SNY) downgraded on Zantac litigation risk at Kepler Cheuvreux [more]
- Arista Networks (ANET) initiated with a Hold rating at Deutsche Bank [more]
3. AROUND THE WEB:
- Bed Bath & Beyond (BBBY) has tapped a new financing source to bolster its liquidity, WSJ reports [more]
- An E. coli outbreak at Wendy's (WEN) restaurants has worsened, NY Post reports [more]
- Yandex (YNDX) sold its media interests to a state-backed firm, WSJ says [more]
- Match (MTCH) filed an antitrust case against Apple (AAPL) in India, Reuters reports [more]
- Lyft (LYFT) will sublease portions of its U.S. offices, WSJ reports [more]
4. MOVERS:
- Turquoise Hill (TRQ) increases in New York after Rio Tinto (RIO) submitted a new offer to acquire the company for C$40 per share [more]
- Farfetch (FTCH) higher after announcing it will acquire a stake in YNAP [more]
- Denison Mines (DNN) higher after TD Securities resumed coverage of the stock with a Speculative Buy rating and C$2.25 price target [more]
- Catalyst Pharmaceuticals (CPRX) lower after Roth Capital downgraded the stock to Neutral from Buy with a price target of $15.50, up from $10 [more]
- ZTO Express (ZTO) lower in New York after offering to sell $870M in senior notes [more]
5. EARNINGS/GUIDANCE:
- La-Z-Boy (LZB) reported upbeat Q1 earnings and revenue [more]
- Bank of Nova Scotia (BNS) reported upbeat Q3 results [more]
- Petco (WOOF) reported downbeat Q2 results and cut its FY22 guidance [more]
- II-VI (IIVI) reported better-than-expected Q4 results [more]
- Brinker (EAT) reported Q4 results in line with Wall Street estimates [more]
INDEXES:
Near midday, the Dow was up 161.36, or 0.49%, to 33,070.95, the Nasdaq was up 115.04, or 0.93%, to 12,496.34, and the S&P 500 was up 25.61, or 0.62%, to 4,154.34.