Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Salesforce (CRM) provided a "beat and raise" report for Q3 and announced Bret Taylor will step down as Vice Chair and co-CEO [more]
- Snowflake (SNOW) reported mixed Q3 results and raised its FY23 product revenue guidance [more]
- Kroger (KR) also provided a "beat and raise" report for Q3 [more]
- Dollar General (DG) reported downbeat Q3 earnings and cut its FY22 earnings outlook [more]
- Okta (OKTA) also issued a "beat and raise" report for Q3 [more]
2. WALL STREET CALLS:
- Capital One (COF), Synchrony (SYF) and Ally Financial (ALLY) were all downgraded to Underweight at Morgan Stanley [more]
- Crowdstrike (CRWD) was downgraded to Peer Perform at Wolfe Research and initiated with a Buy at Redburn [more]
- Sirius XM (SIRI) downgraded to Sell from Buy at Citi [more]
- G-III Apparel (GIII) downgraded to Neutral at both CL King and Piper Sandler [more]
- Tencent Music (TME) upgraded to Overweight at Morgan Stanley with sustainable growth seen ahead [more]
3. AROUND THE WEB:
- HP Enterprise (HPE) expressed takeover interest in Nutanix (NTNX), Bloomberg reports [more]
- Fisker (FSR) told Bloomberg that a Fuzzy Panda short-seller report has "numerous false allegations" [more]
- Meta (META) attempted to settle EU antitrust investigations, Reuters reports [more]
- Muddy Waters is "more convinced" DLocal (DLO) used client funds to pay a special dividend [more]
- Amazon (AMZN) CEO Andy Jassy doesn't regret hiring spree as layoffs begin, WSJ reports [more]
4. MOVERS:
- Splunk (SPLK) gains after reporting quarterly results and providing guidance for Q4 and FY23 [more]
- GoodRx (GDRX) higher after Citi initiated coverage of the stock with a Buy rating and $7 price target [more]
- Elastic (ESTC) lower after reporting quarterly results and providing Q3 and FY23 guidance [more]
- Designer Brands (DBI) declines after reporting quarterly results [more]
- Shoals Technologies (SHLS) falls after announcing a 20M share offering and CEO Whitaker's intention to step down from his position [more]
5. EARNINGS/GUIDANCE:
- G-III Apparel (GIII) reported downbeat Q3 earnings [more]
- PVH Corp. (PVH) provided a "beat and raise" report for Q3 [more]
- Victoria's Secret (VSCO) reported upbeat Q3 results [more]
- Five Below (FIVE) provided a "beat and raise" report for Q3 [more]
- Secureworks (SCWX) reported mixed Q3 results [more]
INDEXES:
Near midday, the Dow was down 356.64, or 1.03%, to 34,233.13, the Nasdaq was down 36.49, or 0.32%, to 11,431.51, and the S&P 500 was down 19.13, or 0.47%, to 4,060.98.