Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) reported downbeat Q4 earnings and revenue, noting that Disney+ had 164.2M paid subscribers as of October 1 [more]
- Meta (META) plans to lay off 13% of staff and extend a hiring freeze through Q1 [more]
- Roblox (RBLX) reported lower-than-expected Q3 earnings and revenue [more]
- KKR (KKR) consortium entered a co-control pact for Vodafone's (VOD) 81.7% stake in Vantage Towers [more]
- Wendy's (WEN) reported mixed Q3 results and reiterated its FY22 outlook [more]
2. WALL STREET CALLS:
- Kroger (KR) upgraded to Outperform from In Line at Evercore ISI [more]
- Coinbase (COIN) downgraded to Neutral from Buy at Daiwa [more]
- Tyson Foods (TSN) downgraded to Underperform from Neutral at BofA [more]
- Dominion (D) downgraded to Underperform from Buy at BofA [more]
- Wells Fargo double downgraded Gray Television (GTN) to Underweight from Overweight and also downgraded Nexstar (NXST) to Equal Weight from Overweight [more]
3. AROUND THE WEB:
- Tyson Foods (TSN) CFO John Tyson's arrest raises questions about his ability to serve, WSJ says [more]
- Twitter (TWTR) will have official, paid, "unlabeled" accounts, CNBC reports [more]
- TSMC (TSM) is considering a multibillion-dollar Arizona plant expansion, WSJ says [more]
- Citi (C), Barclays (BCS) cut investment banking jobs, Bloomberg reports [more]
- Binance leans toward abandoning FTX agreement, CoinDesk says [more]
4. MOVERS:
- Invitae (NVTA) rises after reporting quarterly results and backing its FY22 guidance [more]
- Target Hospitality (TH) higher after reporting quarterly results and announcing a $100M share repurchase program [more]
- Coherent (COHR), Inovio (INO), and Sprouts Farmers Market (SFM) gain after announcing quarterly results [more]
- Telos (TLS), Amyris (AMRS), and Velo3D (VLD) fall after reporting quarterly results [more]
- Chart Industries (GTLS) declines after announcing it will acquire Howden for $4.4B [more]
5. EARNINGS/GUIDANCE:
- Affirm (AFRM) provided downbeat Q2 and FY23 revenue guidance [more]
- Upstart (UPST) reported downbeat Q3 results [more]
- Trade Desk (TTD) reported better-than-expected Q3 results [more]
- Array Technologies (ARRY) reported upbeat Q3 results [more]
- Model N (MODN) reported upbeat Q3 earnings and revenue [more]
INDEXES:
Near midday, the Dow was down 264.02, or 0.80%, to 32,896.81, the Nasdaq was down 113.27, or 1.07%, to 10,502.93, and the S&P 500 was down 29.69, or 0.78%, to 3,798.42.