Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- DocuSign (DOCU) reported upbeat Q3 results [more]
- Broadcom (AVGO) reported better-than-expected Q4 earnings and revenue and raised its quarterly dividend 12% [more]
- Lululemon (LULU) reported upbeat Q3 results and provided Q4 and FY22 guidance [more]
- Apple (AAPL) and Ericsson (ERIC) signed a global patent license agreement [more]
- RH (RH) reported upbeat Q3 results and announced the acquisition of Dmitriy & Co [more]
2. WALL STREET CALLS:
- Wells Fargo upgrades Netflix (NFLX) shares on "more ways to win" in 2023 [more]
- Coinbase (COIN) downgraded to Underperform from Neutral at Mizuho [more]
- Beyond Meat (BYND) downgraded to Sell at Argus on declining demand, competition [more]
- Goldman Sachs upgraded Jazz Pharmaceuticals (JAZZ) to Buy from Neutral [more]
- Needham downgraded Carvana (CVNA) to Hold, representing the fourth downgrade of the stock by a Wall Street firm in the last week [more]
3. AROUND THE WEB:
- General Motors (GM) JV plant workers in Ohio voted to unionize, CNBC reports [more]
- Google Ad Manager (GOOGL) suffered an outage Thursday for more than two hours, WSJ reports [more]
- New York Times (NYT) staffers went on strike Thursday, WSJ says [more]
- Tesla (TSLA) is suspending Shanghai Model Y assembly later this month, Reuters says [more]
- Walmart (WMT) will offer Buy-Now-Pay-Later loans via its fintech venture, The Information reports [more]
4. MOVERS:
- Arcellx (ACLX) higher after announcing a collaboration with Kite (GILD) to develop CART-ddBCMA and reporting results from its CART-ddBCMA Phase 1 expansion trial [more]
- Vale (VALE) gains in New York after Morgan Stanley upgraded the stock to Overweight with a price target of $20, up from $14.50 [more]
- Erasca (ERAS) lower after announcing a 15.4M stock offering [more]
- Li Auto (LI) declines in New York after reporting quarterly results [more]
- Paysafe (PSFE) falls in New York after announcing a reverse stock split [more]
5. EARNINGS/GUIDANCE:
- Chewy (CHWY) provided a "beat and raise" report for Q3 [more]
- Costco (COST) reported downbeat Q1 results [more]
- National Beverage (FIZZ) reported upbeat Q2 results [more]
- Cooper Companies (COO) reported mixed Q4 results [more]
- Comtech (CMTL) reported mixed Q1 results [more]
INDEXES:
Near midday, the Dow was up 15.33, or 0.05%, to 33,796.81, the Nasdaq was up 40.18, or 0.36%, to 11,122.18, and the S&P 500 was up 8.30, or 0.21%, to 3,971.81.