Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- McCormick (MKC) reported downbeat preliminary Q3 results and cut its FY22 earnings and revenue guidance [more]
- GameStop (GME) reported better-than-expected Q2 earnings and announced a partnership with FTX [more]
- Rivian (RIVN) and Mercedes-Benz (DDAIF) are seeking a joint venture for van manufacturing in Europe [more]
- Regeneron (REGN) said that primary endpoints were met in its PHOTON and PULSAR trials as analysts called the results "game changing" and a "best case scenario" [more]
- American Eagle (AEO) reported downbeat Q2 results [more]
2. WALL STREET CALLS:
- First Solar (FSLR) upgraded to Buy from Sell at Goldman Sachs [more]
- Spirit AeroSystems (SPR) downgraded to Underweight from Overweight at Morgan Stanley [more]
- Marqeta (MQ), FIS (FIS) and Cardlytics (CDLX) were all downgraded to Underweight at Wells Fargo [more]
- Moderna (MRNA) upgraded to Buy with $165 target at Deutsche Bank [more]
- MGM Resorts (MGM) downgraded to Hold from Buy at Argus [more]
3. AROUND THE WEB:
- JPMorgan (JPM) is considering buying a stake in fintech startup Yapily, Bloomberg reports [more]
- ShockWave (SWAV) was called a "name to watch" by Dealreporter on M&A potential [more]
- Twitter (TWTR) agreed to a $7M settlement with whistleblower Peiter Zatko in June, WSJ reports [more]
- Citi (C) has won an appeal over Revlon (REV) creditors in $500M transfer case, Bloomberg says [more]
- Meta Platforms (META) disbanded its Responsible Innovation team, WSJ says [more]
4. MOVERS:
- Amylyx Pharmaceuticals (AMLX) advanced after announcing members of an FDA panel voted in favor of approving AMX0035 in ALS [more]
- Revance (RVNC) higher after the FDA approved its Daxxify injection [more]
- Snap (SNAP) rose after the Verge said the company’s CEO projects $6B in 2023 revenue in a leaked memo [more]
- Dave & Buster’s Entertainment (PLAY) fell after reporting quarterly results [more]
- Sylvamo (SLVM) lower after announcing a 4.6M share offering [more]
5. EARNINGS/GUIDANCE:
- Asana (ASAN) reported upbeat Q2 results [more]
- Bilibili (BILI) reported mixed Q2 results [more]
- Byrna Technologies (BYRN) cut its FY22 revenue guidance [more]
- MasterCraft Boat (MCFT) reported better-than-expected Q4 results [more]
- Copart (CPRT) reported upbeat Q4 results [more]
INDEXES:
The Dow rose 193.24, or 0.61%, to 31,774.52, the Nasdaq gained 70.23, or 0.60%, to 11,862.13, and the S&P 500 advanced 26.31, or 0.66%, to 4,006.18.