Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- VF Corp. (VFC) CEO Steve Rendle is retiring, with Benno Deror named interim CEO [more]
- NBT Bancorp (NBTB) and Salisbury Bancorp (SAL) announced a merger agreement [more]
- OPEC+ is keeping oil curbs despite Russia price cap, according to the Wall Street Journal [more]
- Tesla's (TSLA) Shanghai factory deliveries topped 100,000 in November, though report claimed the car maker will reduce Shanghai output amid sluggish demand [more]
- Apple (AAPL) is accelerating plans to move some production out of China, according to The Wall Street Journal [more]
2. WALL STREET CALLS:
- Starbucks (SBUX) downgraded to Hold from Buy at Deutsche Bank [more]
- Domino's Pizza (DPZ) upgraded to Buy from Neutral at BTIG [more]
- United Airlines (UAL) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
- MGM Resorts (MGM) upgraded to Buy at Truist amid returning activity at the Strip [more]
- Silvergate Capital (SI) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
3. AROUND THE WEB:
- Rackspace (RXT) security incident may involve known vulnerabilities, Security Week reports [more]
- CVS (CVS) is testing a remote system to help fill prescriptions, WSJ says [more]
- Pinterest (PINS) will slow down hiring for the remainder of the year, The Information reports [more]
- Slack CEO Stewart Butterfield is leaving Salesforce (CRM) in January, Insider reports [more]
- Nike (NKE) has cut ties with NBA star Kyrie Irving, The Athletic reports [more]
4. MOVERS:
- Iovance Biotherapeutics (IOVA) gains after Director Rothbaum purchased 10M shares [more]
- Credit Suisse (CS) higher in New York after the Wall Street Journal said its investment bank spinoff attracted a Saudi Crown Prince [more]
- Cushman & Wakefield (CWK) increases after being named to join the S&P 600 [more]
- Horizon Therapeutics (HZNP) declines in New York after Johnson & Johnson (JNJ) confirmed it won't make an offer on the company [more]
- Farfetch (FTCH) falls in New York after Cowen lowered the price target on the stock to $8 from $11 [more]
5. EARNINGS/GUIDANCE:
- SAIC (SAIC) provided a "beat and raise" report for Q3 [more]
- Veru (VERU) reported downbeat Q4 results [more]
- SL Green Realty (SLG) reiterated its FY22 FFO guidance [more]
- Enlivex Therapeutics (ENLV) reported a year-over-year decline in Q3 income [more]
- Nutriband (NTRB) reported upbeat Q3 results [more]
INDEXES:
The Dow fell 482.78, or 1.40%, to 33,947.10, the Nasdaq lost 221.56, or 1.93%, to 11,239.94, and the S&P 500 declined 72.86, or 1.79%, to 3,998.84.