Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Palo Alto Networks (PANW) reported better-than-expected Q1 results and provided upbeat guidance for Q2 and FY23 [more]
- Applied Materials (AMAT) reported better-than-expected Q4 results [more]
- Gap (GPS) reported upbeat Q3 results [more]
- Grindr (GRND) completed its business combination and jumped after it began trading on the NYSE [more]
- Honeywell (HON) announced a $1.325B agreement with the North American Refractories Asbestos Personal Injury Settlement Trust [more]
2. WALL STREET CALLS:
- Coinbase (COIN) downgraded to Neutral at BofA amid clouds from FTX fallout [more]
- HP Inc. (HPQ) downgraded to Neutral from Outperform at Credit Suisse [more]
- Walgreens Boots Alliance (WBA) upgraded to Overweight from Neutral at JPMorgan [more]
- DraftKings (DKNG) initiated with an Overweight at Piper Sandler [more]
- Oppenheimer and Credit Suisse downgraded Editas Medicine (EDIT) to Neutral or equivalent ratings following news that the Phase 1/2 BRILLIANCE trial of EDIT-101 for Leber congenital amaurosis 10 is pausing enrollment following preliminary efficacy data [more]
3. AROUND THE WEB:
- JPMorgan (JPM) is launching a national program to expand small business lending, WSJ reports [more]
- Masayoshi Son owes nearly $5B to SoftBank (SFTBY), FT reports [more]
- Carvana (CVNA) laying off 8% of workforce, CNBC's Scott Wapner reports [more]
- Google (GOOG) is alleged to have agreed to pay 24 app developers to stop competition, Reuters reports [more]
- The DOJ has opened an antitrust probe into Live Nation's (LYV) Ticketmaster, NY Times reports [more]
4. MOVERS:
- Iveric bio (ISEE) higher after the FDA granted breakthrough designation for Zimura [more]
- Apellis Pharmaceuticals (APLS) gains after the FDA accepted its NDA amendment and a new PDUFA date was set for pegcetacoplan [more]
- Ardelyx (ARDX) continues rise after director David Mott acquired 567,000 shares of the stock [more]
- G1 Therapeutics (GTHX) lower after announcing a 7.7M share offering [more]
- Farfetch (FTCH) declines in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- JD.com (JD) reported mixed Q3 results [more]
- Foot Locker (FL) provided a "beat and raise" report for Q3 [more]
- Ross Stores (ROST) provided a "beat and raise" report for Q3 [more]
- Spectrum Brands (SPB) reported downbeat Q4 results [more]
- Williams-Sonoma (WSM) reported better-than-expected Q3 results [more]
INDEXES:
The Dow rose 199.37, or 0.59%, to 33,745.69, the Nasdaq gained 1.10, or 0.0099%, to 11,146.06, and the S&P 500 advanced 18.78, or 0.48%, to 3,965.34.