Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Nike (NKE) reported fiscal Q1 results and highlighted elevated inventory levels and a highly promotional environment in North America as its latest challenges [more]
- Micron (MU) reported mixed Q4 results and provided downbeat Q1 earnings and revenue guidance [more]
- Rent-A-Center (RCII) named Fahmi Karam its new CFO and slashed Q3 earnings and revenue guidance [more]
- Philips (PHG) has named Roy Jakobs its next president and CEO [more]
- Barclays (BCS) confirmed a settlement to resolve SEC over-issuance charges [more]
2. WALL STREET CALLS:
- Micron (MU) upgraded to Buy from Hold at Summit Insights [more]
- Voya Financial (VOYA) upgraded to Overweight from Neutral at Piper Sandler [more]
- Charles River (CRL) upgraded to Buy at Jefferies on nonhuman primate tailwinds [more]
- Wolfe downgrades Century Aluminum (CENX) to Underperform on "deteriorated" outlook [more]
- Canaccord starts "PAM leader" CyberArk (CYBR) with a Buy [more]
3. AROUND THE WEB:
- Former Twitter (TWTR) CEO Jack Dorsey wanted Elon Musk on Twitter's board, but directors were "risk averse," CNBC reports [more]
- China has certified its C919 passenger aircraft in a challenge to Boeing (BA) and Airbus (EADSY), Reuters reports [more]
- Spirit (SAVE) argued against the partnership between JetBlue (JBLU) and American (AAL) in court, WSJ reports [more]
- Tesla (TSLA) forecasting jump in Q4 output, growth through 2023, Reuters reports [more]
- Joby Aviation (JOBY) is "set to crash and burn," according to short-seller Bleecker Street [more]
4. MOVERS:
- IonQ (IONQ) higher after securing a $13.4M AFRL contract [more]
- Palantir (PLTR) gains after announcing it was awarded a $59.1M Army contract [more]
- Confluent (CFLT) rises after being initiated with a Buy at Truist [more]
- Intercept (ICPT) falls after announcing REVERSE Phase 3 study did not meet its primary endpoint [more]
- Peloton (PTON) closes lower after reaching a settlement with Lululemon (LULU) over athletic wear [more]
5. EARNINGS/GUIDANCE:
- Carnival (CCL) reported downbeat Q3 results and called its Q4 cumulative advance bookings "below the historical range" [more]
- Comtech (CMTL) reported better-than-expected Q4 results [more]
- Circor (CIR) reported a year-over-year increase in Q2 earnings and revenue [more]
- Uxin (UXIN) reported upbeat Q1 results [more]
- Guardforce (GFAI) reported downbeat first half results [more]
INDEXES:
The Dow fell 500.10, or 1.71%, to 28,725.51, the Nasdaq lost 161.89, or 1.51%, to 10,575.62, and the S&P 500 declined 54.85, or 1.51%, to 3,585.62.