Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Activision Blizzard (ATVI) slid following a report published Wednesday by Politico that the U.S. Federal Trade Commission is likely to file an antitrust suit to block Microsoft's (MSFT) deal to buy the video game company [more]
- Apple (AAPL) dipped following a Reuters report that production of iPhones could fall by at least 30% in November at Foxconn's Zhengzhou plant, the world's largest iPhone factory [more]
- Microsoft (MSFT) will likely face a European Union antitrust investigation triggered by Salesforce's (CRM) complaint that Microsoft unfairly integrated Slack into its Teams app, Reuters says [more]
- Yandex (YNDX) announced that its board has commenced a strategic process to review options, including development of the international divisions of certain services independently from Russia [more]
- China's State Administration for Market Regulation announced that Tesla (TSLA) will recall just over 80,000 vehicles due to software and seat-belt issues [more]
2. WALL STREET CALLS:
- Generac (GNRC) cut to Hold at Argus on supply chain issues [more]
- William Blair downgraded Kforce (KFRC) and Korn Ferry (KFY) on staffing sector deceleration [more]
- Coupa Software (COUP) takeout would be "reasonable" at $68-$80 per shares, says Raymond James [more]
- RBC Capital upgraded Lloyds Banking (LYG) to Outperform from Underperform, with the analyst there now more constructive on the U.K. bank sector [more]
- Lufax (LU) was downgraded by no less than four firms following the company's Q3 report [more]
3. AROUND THE WEB:
- Bloomberg reported on Wednesday that Vista Equity Partners is exploring an acquisition of Coupa Software (COUP) [more]
- Negotiations for NFL's Sunday Ticket expected to extend into 2023 and Google (GOOGL) has recently stepped up its pursuit to rival Apple (AAPL), NYT says [more]
- Ford (F) recalls 634,000 SUVs worldwide over fire risks, Reuters reports [more]
- Women who accused Jeffrey Epstein of sexual abuse are suing Deutsche Bank (DB) and JPMorgan Chase (JPM), WSJ reports [more]
- William Blair analyst said report from South Korean publication ETNews said Samsung (SSNLF) is partnering with Iridium (IRDM) to embed satellite connectivity in its upcoming Galaxy S23 smartphone lineup [more]
4. MOVERS:
- Manchester United (MANU) gained again after BBC Sports reported Saudi Arabia would support private sector bids for the club that is now up for sale [more]
- Spectrum Pharmaceuticals (SPPI) advanced despite announcing the company has received a Complete Response Letter from the U.S. FDA regarding the New Drug Application for poziotinib [more]
- Meta Materials (MMAT) rose in New York after approving the completion of the spin-off of Next Bridge Hydrocarbons [more]
- AMD (AMD) and NVIDIA (NVDA) fell after JPR said third quarter CPU shipments were down 18.6% compared to Q3 of 2021 [more]
- Canoo (GOEV) advanced after its CEO bought $5M of its stock [more]
5. EARNINGS/GUIDANCE:
- Lufax (LU) declined in New York trading after reporting quarterly results [more]
- Can-Fite BioPharma (CANF) reported results for the first nine months of the year [more]
- BofA raised the firm's price target on Bilibili to $13.50 ahead of the company releasing Q3 results on Tuesday, November 29 [more]
- Morgan Stanley analyst Keith Weiss recently said that the firm's checks point to a "mixed performance" in Q3 for Salesforce, which is due to report on November 30 [more]
- DA Davidson recently lowered the firm's price target on Workday to $205 from $220 ahead of its Q3 report due next Tuesday [more]
INDEXES:
The Dow rose 152.97, or 0.45%, to 34,347.03, the Nasdaq lost 58.96, or 0.52%, to 11,226.36, and the S&P 500 declined 1.14, or 0.03%, to 4,026.12.