Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) named Mark Parker chairman of the board and said it does not endorse Trian's board nominee [more]
- T-Mobile (TMUS) is considering an acquisition of Mint Mobile, according to Bloomberg [more]
- American Airlines (AAL) raised its Q4 adjusted earnings guidance [more]
- Logitech (LOGI) provided downbeat Q3 revenue guidance and cut its FY23 revenue growth outlook [more]
- Cognizant (CTSH) revised its guidance and named a former Infosys (INFY) executive as its new CEO [more]
2. WALL STREET CALLS:
- Netflix (NFLX) upgraded to Buy from Hold at Jefferies [more]
- SentinelOne (S) downgraded to Neutral at BofA and to Equal Weight at Morgan Stanley [more]
- Roku (ROKU) downgraded to Underperform from Hold at Jefferies [more]
- HP Enterprise (HPE) downgraded to In Line from Outperform at Evercore ISI [more]
- Spotify (SPOT) downgraded to Hold from Buy at Jefferies [more]
3. AROUND THE WEB:
- Arch (ACGL) emerged as a late-stage bidder in Argo (ARGO) auction, Insurance Insider reports [more]
- Tesla's (TSLA) Shanghai plant expansion delayed due to data concerns, Bloomberg reports [more]
- Uber (UBER) drivers struggle to live off their earnings, NY Times reports [more]
- Amazon's (AMZN) appeal to New York union victory rejected, WSJ reports [more]
- Starbucks (SBUX) CEO Howard Schultz tells employees to return to the office three days a week, CNBC reports [more]
4. MOVERS:
- CommScope (COMM) higher after BofA double-upgraded the stock to Buy [more]
- Calix (CALX) rises, rebounding from yesterday's sharp selloff after its Needham conference presentation [more]
- Oramed (ORMP) declines after announcing its Phase 3 trial of ORMD-0801 did not meet its primary endpoint [more]
- Knot Offshore (KNOP) lower in New York after Alliance Global Partners downgraded the stock to Sell from Buy [more]
- Unity (U) falls after Jefferies downgraded the stock to Underperform from Hold [more]
5. EARNINGS/GUIDANCE:
- TSMC (TSM) reported mixed Q4 results [more]
- Philip Morris (PM) expects 2022 results to be broadly in line with prior guidance [more]
- Algonquin Power (AQN) provided downbeat 2023 earnings guidance [more]
- GXO Logistics (GXO) provided FY22 and FY23 revenue guidance [more]
- Infosys (INFY) reported in-line Q3 earnings [more]
INDEXES:
Near midday, the Dow was up 132.03, or 0.39%, to 34,105.04, the Nasdaq was up 2.30, or 0.02%, to 10,933.97, and the S&P 500 was up 2.45, or 0.06%, to 3,972.06.