Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Medtronic (MDT) will separate its Patient Monitoring and Respiratory Interventions businesses [more]
- Tesla (TSLA) reduced Model 3 and Model Y starter prices in China by up to 9%, according to Reuters [more]
- Sumitomo (DNPUF) will acquire remaining Myovant Sciences (MYOV) shares for $27 per share [more]
- Philips (PHG) reported mixed Q3 results [more]
- Apple (AAPL) raised subscription prices for Apple Music and Apple TV+ [more]
2. WALL STREET CALLS:
- Meta Platforms (META) cut to Neutral at BofA on concerns about ad budget cuts [more]
- Wells Fargo downgraded FedEx (FDX) to Equal Weight [more]
- AT&T (T) upgraded to Strong Buy from Outperform at Raymond James [more]
- Chevron (CVX) downgraded to Hold from Buy at HSBC [more]
- Williams-Sonoma (WSM) downgraded to Underperform from Hold at Jefferies [more]
3. AROUND THE WEB:
- SAP (SAP) has delayed its Russia exit as deal discussions fail, Reuters reports [more]
- Apple (AAPL) is preparing a 14'', 16'' MacBook Pro with M2 Pro and M2 Max, Bloomberg reports [more]
- A judge determined that Boeing's (BA) criminal settlement over the 737 MAX can be challenged, WSJ reports [more]
- Mobileye Global (MBLY) is set to price shares at the top end or above range, WSJ says [more]
- Credit Suisse (CS) is near the sale of its securitized products group, WSJ reports [more]
4. MOVERS:
- Vaxcyte (PCVX) rises after announcing results from its Phase 1/2 study of VAX-24 [more]
- Banco Santander (SAN) up in New York after announcing it will make an offer to acquire Santander Mexico (BSMX) Series B shares [more]
- BP (BP) higher in New York after HSBC upgraded the stock to Buy with a 530 GBp price target [more]
- Yum China (YUMC) lower in New York after announcing primary listing on Hong Kong Stock Exchange [more]
- Baidu (BIDU) declines in New York after KGI Securities downgraded the stock to Neutral with a $90 price target [more]
5. EARNINGS/GUIDANCE:
- Hanesbrands (HBI) expects its Q4 earnings to be down sequentially from Q3 [more]
- Kirby (KEX) reported downbeat Q3 earnings [more]
- Bank of Hawaii (BOH) reported lower-than-expected Q3 earnings [more]
- Dorman Products (DORM) reported mixed Q3 results and cut its FY22 earnings outlook [more]
- Bank of Marin (BMRC) reported upbeat Q3 results [more]
INDEXES:
The Dow rose 417.06, or 1.34%, to 31,499.62, the Nasdaq gained 92.90, or 0.86%, to 10,952.61, and the S&P 500 advanced 44.59, or 1.19%, to 3,797.34.