Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Target (TGT) reported lower-than-expected Q3 earnings and management guided Q4 comps and EBIT below the consensus view, sparking a selloff in the shares [more]
- Lowe's (LOW) provided a "beat and raise" report for Q3 [more]
- Micron (MU) said it will reduce DRAM and NAND wafer starts by roughly 20% and warned that the outlook for 2023 has weakened [more]
- TJX (TJX) reported mixed Q3 results and lowered its FY23 earnings and revenue guidance [more]
- Advance Auto Parts (AAP) reported downbeat Q3 results and cut its FY22 outlook [more]
2. WALL STREET CALLS:
- Medtronic (MDT) downgraded to Hold from Buy at Deutsche Bank [more]
- Texas Instruments (TXN) assumed with Neutral, down from Outperform, as new analyst takes over coverage at Credit Suisse [more]
- Home Depot (HD) downgraded to Market Perform from Outperform at Raymond James [more]
- Rocket Companies (RKT) cut to Sell at Argus on decline in mortgage originations [more]
- Citi resumes Polestar (PSNY) with a Buy, encouraged by recent progress [more]
3. AROUND THE WEB:
- Otonomo (OTMO) is in talks to merge with rival Wejo (WEJO), Globes reports [more]
- Disney World (DIS) will raise park ticket prices, NY Post reports [more]
- Apple (AAPL) is preparing to start sourcing chips from an Arizona facility, Bloomberg says [more]
- Zegna (ZGN) will acquire the rest of Tom Ford International, Bloomberg reports [more]
- Elon Musk expects to find someone else to run Twitter (TWTR) over time, WSJ says [more]
4. MOVERS:
- Alcon (ALC) gains in New York after reporting quarterly results and narrowing its FY23 guidance [more]
- Restaurant Brands (QSR) rises after appointing Patrick Doyle as executive chairman [more]
- ZoomInfo (ZI) drops after saying it sees 4% sequential growth in Q4 [more]
- Tattooed Chef (TTCF) declines after reporting quarterly results and cutting its FY22 revenue view [more]
- DLocal (DLO) falls after Muddy Waters revealed a short position, claimed the company "likely a fraud" [more]
5. EARNINGS/GUIDANCE:
- Spire (SR) reported mixed Q4 results [more]
- Similarweb (SMWB) reported better-than-expected Q3 results [more]
- Sportradar (SRAD) raised its FY22 revenue guidance [more]
- ZIM Integrated (ZIM) reported upbeat Q3 results and cut its FY22 EBITDA outlook [more]
- Shoe Carnival (SCVL) reported upbeat Q3 earnings [more]
INDEXES:
The Dow fell 39.09, or 0.12%, to 33,553.83, the Nasdaq lost 174.75, or 1.54%, to 11,183.66, and the S&P 500 declined 32.94, or 0.83%, to 3,958.79.