Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Walmart (WMT) provided a "beat and raise" report for Q3 and announced a new $20B share repurchase authorization [more]
- Home Depot (HD) reported upbeat Q3 results and reiterated FY22 guidance [more]
- Berkshire Hathaway (BRK.A) disclosed in an SEC filing that it added a stake in TSMC (TSM) [more]
- Estee Lauder (EL) is near a deal to acquire Tom Ford, said The Wall Street Journal [more]
- UiPath (PATH) reported upbeat preliminary Q3 revenue and announced the approval of further restructuring actions, including a workforce reduction [more]
2. WALL STREET CALLS:
- Harley-Davidson (HOG) initiated with an Underperform at Jefferies [more]
- Netflix (NFLX) reinstated with a Buy at BofA [more]
- Philip Morris (PM) upgraded to Buy from Hold at Argus [more]
- MKM upgrades Activision Blizzard (ATVI) to Buy, sees stock price discounting growth potential [more]
- Capital One (COF) downgraded to Neutral at BofA as credit normalization picks up [more]
3. AROUND THE WEB:
- Activist TCI calls on Alphabet (GOOGL) to slash costs, WSJ reports [more]
- Culper Research is short Treace Medical (TMCI), thinks its "best days are behind" [more]
- Nike (NKE) will open an online store for virtual sneakers, Bloomberg reports [more]
- The legal dispute between Apple (AAPL) and Epic Games is moving before an appeals court, WSJ says [more]
- Tencent (TCEHY) commences a fresh round of layoffs, Reuters reports [more]
4. MOVERS:
- Sea Limited (SE), Nu Holdings (NU), and Tencent Music (TME) higher in New York after reporting quarterly results [more]
- Paysafe (PSFE) gains in New York after launching paysafecard as an alternative payment on Microsoft.com, Xbox.com (MSFT) [more]
- AMMO (POWW) falls after reporting quarterly results and cutting its FY23 guidance [more]
- Twist Bioscience (TWST) lower after Scorpion Capital said it is shorting the stock [more]
- Ecovyst (ECVT) declines after announcing a 16M share offering [more]
5. EARNINGS/GUIDANCE:
- Azenta (AZTA) reported upbeat Q4 results and approved a $1.5B share repurchase program [more]
- BuzzFeed (BZFD) reported upbeat Q3 revenue [more]
- Shoals Technologies (SHLS) reported better-than-expected Q3 results [more]
- Aramark (ARMK) reported upbeat Q4 revenue [more]
- BM Technologies (BMTX) reported downbeat Q3 results [more]
INDEXES:
Near midday, the Dow was up 250.99, or 0.75%, to 33,787.69, the Nasdaq was up 279.69, or 2.50%, to 11,475.91, and the S&P 500 was up 61.41, or 1.55%, to 4,018.66.