Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Crowdstrike (CRWD) reported upbeat Q4 results [read more]
- Campbell Soup (CPB) reported upbeat Q2 results and tightened its FY23 earnings outlook [read more]
- Diversey (DSEY) will be acquired by Solenis in a deal with an enterprise value of $4.6B [read more]
- United Natural Foods (UNFI) reported mixed Q2 results and cut its FY23 earnings guidance [read more]
- The Federal Reserve said in its latest Beige Book report that economic activity increased "slightly" in early 2023 [read more]
2. WALL STREET CALLS:
- Tesla (TSLA) downgraded to Hold from Buy at Berenberg [read more]
- Nordstrom (JWN) upgraded to Buy from Hold at Argus [read more]
- Craig-Hallum downgrades WW (WW) to Sell, sees stock outperformance as overreaction [read more]
- Cara Therapeutics (CARA) downgraded to Underperform from Neutral at BofA [read more]
- Wells downgrades Edwards Lifesciences (EW) with Medtronic (MDT) gaining share [read more]
3. AROUND THE WEB:
- Spruce Point issued a "Strong Sell" on Essential Utilities (WTRG), sees 35%-50% downside [read more]
- Blue Orca is short Piedmont Lithium (PLL) [read more]
- Silvergate (SI) is in talks with FDIC officials over ways to avoid a shutdown, Bloomberg reports [read more]
- General Motors' (GM) electric vehicle push is off to a slow start in 2023, WSJ reports [read more]
- The Dutch government is planning to restrict chip tech exports, Reuters reports [read more]
4. MOVERS:
- Maxeon Solar (MAXN) gains in New York after reporting quarterly results and providing guidance [read more]
- Arlo Technologies (ARLO) and LifeStance (LFST) rise after reporting quarterly results [read more]
- Opko Health (OPK) higher after entering exclusive worldwide license agreement with Merck (MRK) [read more]
- SoundHound (SOUN) lower after reporting quarterly results [read more]
- BridgeBio (BBIO) falls after announcing 8.824M share offering [read more]
5. EARNINGS/GUIDANCE:
- Rigel Pharmaceuticals (RIGL) reported better-than-expected Q4 results [read more]
- Couchbase (BASE) reported mixed Q4 results [read more]
- Vita Coco (COCO) reported downbeat Q4 earnings [read more]
- Vera Bradley (VRA) reported a year-over-year decline in Q4 earnings and revenue [read more]
- Minerva (NERV) reported downbeat Q4 earnings [read more]
INDEXES:
The Dow fell 58.06, or 0.18%, to 32,798.40, the Nasdaq gained 45.67, or 0.40%, to 11,576, and the S&P 500 advanced 5.64, or 0.14%, to 3,992.01.