Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Rivian Automotive (RIVN) reported mixed Q3 results but maintained its production outlook [more]
- Marqeta (MQ) reported upbeat Q3 revenue [more]
- Six Flags (SIX) reported downbeat Q3 results but announced a pact to allow H Partners to boost its ownership [more]
- RingCentral (RNG) provided a "beat and raise" report for Q3 [more]
- Nio (NIO) reported better-than-expected Q3 revenue [more]
2. WALL STREET CALLS:
- Activision Blizzard (ATVI) upgraded to Outperform from Market Perform at Raymond James [more]
- JPMorgan downgrades Roblox (RBLX) on more modest sales growth outlook [more]
- TJX (TJX) upgraded to Buy at Gordon Haskett ahead of expected off-price improvement [more]
- Palo Alto Networks (PANW) upgraded to Buy at Loop Capital on accelerating enterprise momentum [more]
- JPMorgan double downgraded CytomX Therapeutics (CTMX) to Underweight from Overweight [more]
3. AROUND THE WEB:
- Amazon (AMZN) has launched a cost cutting review, WSJ reports [more]
- Coinbase (COIN) is cutting more jobs, The Information reports [more]
- AstraZeneca (AZN) dropped plans to submit its COVID-19 vaccine to the U.S. FDA, WSJ says [more]
- Tesla (TSLA) has canceled solar projects in mass across the U.S., Electrek reports [more]
- CVC Capital is discussing a potential bid for Ibex (IBEX), Bloomberg says [more]
4. MOVERS:
- Repay Holdings (RPAY) rises after reporting quarterly results and backing its FY22 guidance [more]
- Redfin (RDFN) higher after reporting quarterly results and providing Q4 guidance [more]
- Magnite (MGNI), Digital Turbine (APPS) and TG Therapeutics (TGTX) gain after announcing quarterly results [more]
- Egio (EGIO), Vacasa (VCSA), and Cano Health (CANO) fall after reporting quarterly results [more]
- Veru (VERU) declines after announcing an update on the FDA AdCom meeting on sabizabulin [more]
5. EARNINGS/GUIDANCE:
- Yeti (YETI) reported upbeat Q3 results [more]
- Beyond Meat (BYND) reported downbeat Q3 results and cut FY22 revenue guidance [more]
- Viant (DSP) gave a Q4 outlook that missed expectations [more]
- Ralph Lauren (RL) reported upbeat Q2 results and reiterated FY23 revenue guidance [more]
- Digi International (DGII) reported better-than-expected Q4 results [more]
INDEXES:
The Dow rose 1,201.43, or 3.70%, to 33,715.37, the Nasdaq gained 760.97, or 7.35%, to 11,114.15, and the S&P 500 advanced 207.80, or 5.54%, to 3,956.37.