Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Dell Technologies (DELL) reported upbeat Q3 results, but provided Q4 revenue guidance below estimates [more]
- Best Buy (BBY) reported better-than-expected Q3 results [more]
- Zoom Video (ZM) provided a Q3 beat, but gave below-consensus fiscal Q4 sales guidance [more]
- Medtronic (MDT) reported mixed Q2 results and lowered its FY23 earnings guidance [more]
- Paramount (PARA) terminated its deal to sell Simon & Schuster to Penguin Random House [more]
2. WALL STREET CALLS:
- Blackstone (BX) downgraded to Underperform from Neutral at Credit Suisse [more]
- Walgreens (WBA) upgraded to Outperform on services transition at Cowen [more]
- Chart Industries (GTLS) downgraded to Neutral from Buy at Goldman Sachs [more]
- Baird downgraded Airbnb (ABNB) to Neutral from Outperform on risks to discretionary travel spending from inflationary and recessionary pressures [more]
- Cowen downgraded Wayfair (W) to Market Perform on macro headwinds and concerns about consumer demand for the home category in 2023 [more]
3. AROUND THE WEB:
- Carl Icahn continues to hold a short position in GameStop (GME), Bloomberg reports [more]
- CD&R is near investing $1B in Pegasystems (PEGA), Bloomberg says [more]
- Returning Disney (DIS) CEO Bob Iger told employees that the company will be undergoing major restructuring in the coming weeks, CNBC reports [more]
- Meta's (META) communications director denied a report that Mark Zuckerberg will resign next year [more]
- Manchester United (MANU) owners are exploring a sale of the club, Sky News reports [more]
4. MOVERS:
- Burlington Stores (BURL) and Warner Music (WMG) higher after reporting quarterly results [more]
- Abercrombie & Fitch (ANF) gains after reporting quarterly results and providing Q4 and FY22 guidance [more]
- American Eagle (AEO) rises after reporting quarterly results and providing Q4 guidance [more]
- GDS Holdings (GDS) declines in New York after reporting quarterly results [more]
- Petrobras (PBR) falls in New York after UBS double downgraded the stock to Sell [more]
5. EARNINGS/GUIDANCE:
- Urban Outfitters (URBN) reported downbeat Q3 earnings [more]
- Agilent (A) reported upbeat Q4 earnings and revenue [more]
- Dollar Tree (DLTR) reported better-than-expected Q3 results [more]
- Dick's Sporting (DKS) provided a "beat and raise" report for Q3 [more]
- Jack in the Box (JACK) reported mixed Q4 results [more]
INDEXES:
The Dow rose 397.82, or 1.18%, to 34,098.10, the Nasdaq gained 149.90, or 1.36%, to 11,174.41, and the S&P 500 advanced 53.64, or 1.36%, to 4,003.58.