Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Endeavor Group (EDR) has agreed to acquire WWE (WWE) and merge it with UFC in a new sports-entertainment company [read more]
- Tesla (TSLA) reported Q1 deliveries of 422,875 units and production of 440,808 vehicles [read more]
- Extra Space Storage (EXR) agreed to acquire Life Storage (LSI) in an all-stock transaction [read more]
- Mars will acquire Heska (HSKA) for $120 per share [read more]
- The FTC has ordered Illumina (ILMN) to divest cancer detection test maker GRAIL [read more]
2. WALL STREET CALLS:
- Intel (INTC) upgraded to Market Perform from Underperform at Bernstein [read more]
- Macy's (M) upgraded to Overweight from Neutral at JPMorgan [read more]
- First Solar (FSLR) downgraded to Underweight from Equal Weight at Morgan Stanley [read more]
- Atlas Energy (AESI) saw new coverage roll out as the quiet periods for banks that underwrote the companies' IPOs expired [read more]
- Marqeta (MQ) downgraded to Equal Weight from Overweight at Morgan Stanley [read more]
3. AROUND THE WEB:
- HSBC's (HSBC) board recommends voting against a spinoff resolution, Reuters reports [read more]
- Swiss prosecutors are probing the takeover of Credit Suisse (CS) by UBS (UBS), WSJ reports [read more]
- Airbus (EADSY) is in talks for a new China jet order, Reuters says [read more]
- OPEC+ announced a surprise oil production cut, Bloomberg reports [read more]
- McDonald's (MCD) plans to lay off hundreds of corporate employees, Reuters says [read more]
4. MOVERS:
- Cano Health (CANO) higher after a regulatory filing showed Sternlicht Group seeks to make changes at the company [read more]
- Teck Resources (TECK) gains in New York after rejecting unsolicited acquisition proposal from Glencore (GLNCY) [read more]
- Apellis (APLS) up after Bloomberg reported the company is attracting takeover interest [read more]
- Ascendis (ASND) drops after announcing the FDA notified the company of deficiencies in its NDA for TransCon PTH [read more]
- Plug Power (PLUG) falls after Morgan Stanley downgraded the stock to Equal Weight [read more]
5. EARNINGS/GUIDANCE:
- PPG (PPG) raised it Q1 adjusted EPS guidance [read more]
- BGC Partners (BGCP) reported its Q1 revenue will be impacted by recent turmoil across regional banks [read more]
- A10 Networks (ATEN) provided Q1 revenue guidance that came in below consensus [read more]
- SAIC (SAIC) reported Q4 results that CEO Nazzic Keene said “reflect sound execution” [read more]
- OncoCyte (OCX) reported preliminary Q4 and FY22 revenue that missed consensus [read more]
INDEXES:
The Dow rose 327.00, or 0.98%, to 33,601.15, the Nasdaq lost 32.45, or 0.27%, to 12,189.45, and the S&P 500 advanced 15.20, or 0.37%, to 4,124.51.