Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Take-Two (TTWO) reported downbeat Q2 revenue and cut its Q3 net bookings outlook [more]
- Activision Blizzard (ATVI) reported better-than-expected Q3 results before the European Commission said it has opened an in-depth investigation to assess the proposed acquisition of Activision Blizzard by Microsoft (MSFT) [more]
- DuPont (DD) reported upbeat Q3 results, narrowed its FY22 earnings guidance, and approved a new $5B share buyback [more]
- Lyft (LYFT) reported downbeat Q3 results and provided worse-than-expected guidance for Q4 [more]
- Kohl's (KSS) CEO Michelle Gass will step down and assume the role of president of Levi Strauss (LEVI) with the anticipation of becoming the CEO of the jeans maker [more]
2. WALL STREET CALLS:
- Lyft (LYFT) downgraded to In Line from Outperform at Evercore ISI after earnings [more]
- Hims & Hers (HIMS) upgraded to Outperform at SVB Securities and to Buy from Neutral at BofA [more]
- Amgen (AMGN) price target raised to $300 from $290 at Oppenheimer and raised to $280 from $266 at Truist following the AHA presentation on updated Repatha long-term data [more]
- Macquarie upgraded Block (SQ) to Outperform from Neutral [more]
- Wedbush downgraded Williams-Sonoma (WSM) to Neutral ahead of quarterly results [more]
3. AROUND THE WEB:
- Nvidia (NVDA) offers new chip for China to meet U.S. export rules, WSJ reports [more]
- Goldman Sachs (GS) interested in buying payments technology firm, WSJ reports [more]
- Apple's (AAPL) search for a product design head has been hindered by turnover, Bloomberg reports [more]
- Elon Musk is considering charging Twitter (TWTR) users for a subscription, Platformer says [more]
- Biogen (BIIB) is weighing new CEO options after talks with Johnson & Johnson (JNJ) executive hit an impasse, STAT says [more]
4. MOVERS:
- SolarEdge (SEDG) and CTI BioPharma (CTIC) rise after reporting quarterly results [more]
- TaskUs (TASK) higher after reporting quarterly results and providing Q4 and FY22 guidance [more]
- Lordstown Motors (RIDE) gains after announcing quarterly results and after Foxconn (HNHPF) said it plans to make a $170M investment in the company [more]
- NanoString (NSTG) and R1 RCM (RCM) fall after reporting quarterly results [more]
- WM Technology (MAPS) declines after reporting quarterly results, providing Q4 results, and naming Doug Francis as interim CEO [more]
5. EARNINGS/GUIDANCE:
- Planet Fitness (PLNT) provided a "beat and raise" report for Q3 [more]
- 2U (TWOU) reported upbeat Q3 revenue [more]
- Five9 (FIVN) issued lower-than-expected FY23 guidance [more]
- Norwegian Cruise Line (NCLH) reported better-than-expected Q3 results [more]
- TripAdvisor (TRIP) reported mixed Q3 results [more]
INDEXES:
Near midday, the Dow was up 517.89, or 1.58%, to 33,344.89, the Nasdaq was up 154.47, or 1.46%, to 10,718.99, and the S&P 500 was up 46.56, or 1.22%, to 3,853.36.