Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- HP Enterprise (HPE) reported upbeat Q4 results and reiterated its FY23 earnings guidance [more]
- Horizon Therapeutics (HZNP) confirmed it has engaged in preliminary deal talks with Amgen (AMGN), Janssen (JNJ), and Sanofi (SNY) [more]
- Intuit (INTU) reported better-than-expected Q1 earnings and revenue [more]
- Hormel Food (HRL) reported mixed Q4 results and provided a lower-than-expected FY23 sales outlook [more]
- Crowdstrike (CRWD) provided a "beat and raise" report for Q3 [more]
2. WALL STREET CALLS:
- Crowdstrike (CRWD) downgraded to Hold from Buy at Stifel after earnings [more]
- Fisker (FSR) initiated with an Outperform at Evercore, while Rivian (RIVN) and Lucid (LCID) were started with In Line ratings [more]
- Baird upgraded Cooper Companies (COO) to Outperform from Neutral [more]
- BofA downgraded Carvana (CVNA) to Neutral with a price target of $10, down from $43 [more]
- Piper Sandler downgraded Nutrien (NTR) to Neutral from Overweight [more]
3. AROUND THE WEB:
- Iceberg Research is short American Resources (AREC) [more]
- UBS (UBS) is ruling out further U.S. acquisitions, FT reports [more]
- Florida Governor DeSantis criticized Apple (AAPL) for allegedly threatening Twitter (TWTR), Forbes reports [more]
- Airbnb (ABNB) is trying to attract big landlords with a new listing service, WSJ reports [more]
- Pinterest (PINS) is ending its creator rewards program, The Information reports [more]
4. MOVERS:
- XPeng (XPEV) gains in New York after reporting quarterly results [more]
- Baidu (BIDU) higher in New York after DigiTimes reported the company will deliver ANP 3.0 in summer 2023 [more]
- Solid Power (SLDP) lower after announcing CEO Douglas Campbell will retire and David Jensen will succeed [more]
- AST SpaceMobile (ASTS) declines after announcing a 13.6M share offering [more]
- Micron Technology (MU) falls after its CFO said its pricing has trended “well below” expectations [more]
5. EARNINGS/GUIDANCE:
- NetApp (NTAP) reported upbeat Q2 earnings but cut its FY23 earnings guidance [more]
- Workday (WDAY) provided a "beat and raise" report for Q3 [more]
- Leslie's (LESL) reported upbeat Q4 results [more]
- Petco (WOOF) reported mostly in-line Q3 results [more]
- Build-A-Bear (BBW) reported upbeat Q3 results [more]
INDEXES:
Near midday, the Dow was down 171.08, or 0.51%, to 33,681.45, the Nasdaq was up 25.71, or 0.23%, to 11,009.49, and the S&P 500 was down 6.42, or 0.16%, to 3,951.21.