Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Conagra Brands (CAG) reported upbeat Q1 results and reiterated its FY23 earnings guidance [more]
- Costco (COST) reported September sales grew 10.1% from last year [more]
- Shell (SHEL) expects its Q3 integrated gas results to be significantly lower than Q2 [more]
- Constellation Brands (STZ) reported upbeat quarterly results and agreed to divest a portion of its wine portfolio to The Wine Group [more]
- McCormick (MKC) reported lower-than-expected Q3 sales and earnings [more]
2. WALL STREET CALLS:
- Pinterest (PINS) upgraded to Buy at Goldman Sachs amid improved user growth trends [more]
- Opco upgrades Verizon (VZ), says "price is right" after years of underperformance [more]
- Splunk (SPLK) downgraded to Neutral from Buy at UBS [more]
- Take-Two (TTWO) upgraded to Buy from Neutral at Goldman Sachs [more]
- Credit Suisse (CS) upgraded to Neutral from Underweight at JPMorgan [more]
3. AROUND THE WEB:
- Compass (COMP) denied a report of takeover interest from Vista Equity, Bloomberg says [more]
- The U.S is proposing to ease Venezuela sanctions and allow Chevron (CVX) to pump oil, WSJ reports [more]
- Apple (AAPL) told Reuters it plans to appeal a French court ruling on a sharply lowered antitrust fine [more]
- Peloton (PTON) will cut 500 more jobs in a turnaround effort, WSJ reports [more]
- Honda (HMC) will reduce car output at two Japanese plants in October, Reuters says [more]
4. MOVERS:
- Provention Bio (PRVB) rises after announcing a co-promotion pact with Sanofi (SNY) [more]
- Transocean (RIG) jumps after Barclays double upgraded the stock to Overweight from Underweight [more]
- AMMO (POWW) higher after clarifying its spin-off metrics [more]
- AngioDynamics (ANGO) lower after reporting downbeat quarterly results [more]
- Semtech (SMTC) falls after offering to sell $250M in convertible senior notes due 2027 [more]
5. EARNINGS/GUIDANCE:
- Landec (LNDC) reported upbeat Q1 results [more]
- Titan International (TWI) provided conservative Q3 revenue guidance [more]
- Perion (PERI) reported upbeat preliminary Q3 revenue [more]
- Resources Connection (RGP) reported better-than-expected Q1 earnings and revenue [more]
- Integer (ITGR) cut its FY22 earnings and revenue guidance [more]
INDEXES:
Near midday, the Dow was down 227.14, or 0.75%, to 30,046.73, the Nasdaq was down 62.33, or 0.56%, to 11,086.30, and the S&P 500 was down 27.15, or 0.72%, to 3,756.13.