Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) has named Bob Iger as CEO for two years as Bob Chapek, Iger's previous successor, stepped down [more]
- Merck (MRK) agreed to acquire Imago Biosciences (IMGO) for $36 per share in cash [more]
- J.M. Smucker (SJM) provided a "beat and raise" report for Q2 [more]
- Jacobs (J) reported upbeat Q4 results [more]
- Drive Shack (DS) reported better-than-expected Q3 results [more]
2. WALL STREET CALLS:
- MoffettNathanson upgraded Disney (DIS) to Outperform on Iger's return, while JPMorgan is "reluctant to recommend chasing" Disney shares amid the rally [more]
- Wall Street analysts rolled out their coverage of Mobileye (MBLY) with a mix of Buy and Hold equivalent ratings [more]
- Squarespace (SQSP) upgraded to Overweight from Neutral at Piper Sandler [more]
- MongoDB (MDB) downgraded at Morgan Stanley amid challenging spending environment [more]
- Carvana (CVNA) downgraded to Sell from Hold at Argus [more]
3. AROUND THE WEB:
- Some DraftKings (DKNG) users report accounts were improperly accessed, Action Network reports [more]
- Google Cloud (GOOG) considers scrapping some sales commissions, The Information reports [more]
- Dirty conditions at Beyond Meat (BYND) plant revealed in documents, Bloomberg says [more]
- TSMC (TSM) will produce 3nm chips at an Arizona factory, Reuters reports [more]
- American (AAL) and JetBlue (JBLU) spar against the Justice Department over partnership, WSJ reports [more]
4. MOVERS:
- Sotera Health (SHC) jumped after Sterigenics was found to bear no liability for a woman's cancer who lived near a plant [more]
- Futu Holdings (FUTU) advanced in New York after reporting quarterly results [more]
- BellRing Brands (BRBR) finished with gains after Mizuho analyst John Baumgartner said the recent selloff presents a buying opportunity [more]
- Lucid (LCID) declined after Barron's reported safety complaints could become another problem for the company [more]
- Surgery Partners (SGRY) fell after announcing a $575M stock offering [more]
5. EARNINGS/GUIDANCE:
- StealthGas (GASS) reported mixed Q3 results [more]
- Universal Technical (UTI) provided downbeat FY22 revenue guidance [more]
- Motorsport Games (MSGM) reported downbeat Q3 results [more]
- Freight Technologies (FRGT) reported a year-over-year increase in Q3 revenue [more]
- Ituran (ITRN) reported upbeat Q3 results [more]
INDEXES:
The Dow fell 45.41, or 0.13%, to 33,700.28, the Nasdaq lost 121.55, or 1.09%, to 11,024.51, and the S&P 500 declined 15.40, or 0.39%, to 3,949.94.