Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- General Mills (GIS) provided a "beat and raise" report for Q1 [more]
- Stitch Fix (SFIX) reported downbeat Q4 earnings and revenue [more]
- Charter (CHTR) announced Tom Rutledge plans to retire as CEO, naming Chris Winfrey as his successor [more]
- Coty (COTY) announced it expects to double its skincare revenues from FY22 to FY25 [more]
- iRhythm (IRTC) reiterated its FY22 revenue guidance and provided 2027 financial targets [more]
2. WALL STREET CALLS:
- SMBC Nikko downgraded Block (SQ) to Neutral into "prolonged crypto winter" [more]
- Barclays downgraded Cisco (CSCO) on stalled cloud growth and enterprise risks while upgrading Arista (ANET) to Overweight on its own sustainable growth [more]
- Micron (MU) was downgraded to Neutral from Buy at Mizuho and initiated with a Hold rating at Stifel [more]
- Sotera Health (SHC) was double downgraded to Underweight from Overweight at JPMorgan [more]
- Estee Lauder (EL) upgraded to Buy from Neutral at Goldman Sachs [more]
3. AROUND THE WEB:
- SoftBank's (SFTBY) Masayoshi Son plans to discuss a possible partnership between Arm and Samsung (SSNLF), Bloomberg reports [more]
- Toyota (TM), Honda (HMC), Stellantis (STLA), and Nissan (NSANY) will pay patent fees to Nokia (NOK), Nikkei Asia reports [more]
- Hedgeye named Live Nation (LYV) a new best short idea [more]
- Chindata (CD) is evaluating potential asset sales, DealReporter says [more]
- AMD (AMD) is looking to secure capacity support from TSMC (TSM), DigiTimes reports [more]
4. MOVERS:
- FREYR Battery (FREY) higher after Morgan Stanley made the company its Top Pick among the firm's North American autos coverage [more]
- Beyond Meat (BYND) up after announcing its carne asada steak is being launched at Yum's (YUM) Taco Bell [more]
- Alaunos (TCRT) declines after announcing data from the first patient in its TCR-T Phase 1/2 trial [more]
- XPeng (XPEV) falls in New York after revealing the pricing and specifications for its G9 Flagship SUV in China [more]
- Aurora Cannabis (ACB) lower in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Grainger (GWW) reiterated its FY22 earnings guidance [more]
- VIA Optronics (VIAO) raised its Q2 revenue guidance [more]
- EBET (EBET) reported an improvement in adjusted EBITDA for the two months ending in August [more]
- KeyBanc upgraded KB Home (KBH) to Sector Weight ahead of its quarterly report Wednesday [more]
- Lennar (LEN) also was upgraded to Overweight at KeyBanc ahead of its quarterly report this week [more]
INDEXES:
Near midday, the Dow was up 137.08, or 0.45%, to 30,843.31, the Nasdaq was up 35.59 ,or 0.31%, to 11,460.64, and the S&P 500 was up 18.25, or 0.47%, to 3,874.18.