Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Teck Resources (TECK) received a revised acquisition proposal from Glencore (GLNCY) [read more]
- Newmont (NEM) submitted a revised proposal to acquire Newcrest Mining (NCMGY) [read more]
- Tilray (TLRY) reported quarterly results and agreed to acquire all issued and outstanding shares of Hexo (HEXO) [read more]
- Diversified Healthcare Trust (DHC) and Office Properties (OPI) agreed to merge in an all-share deal [read more]
- CarMax (KMX) reported mixed Q4 results [read more]
2. WALL STREET CALLS:
- WW (WW) upgraded to Buy from Neutral at Goldman Sachs [read more]
- Whirlpool (WHR) upgraded to Buy from Neutral at Goldman Sachs [read more]
- Virtu Financial (VIRT) was upgraded to Equal Weight while Nasdaq (NDAQ) was downgraded to Equal Weight at Morgan Stanley [read more]
- Wells Fargo downgraded Southwestern Energy (SWN) to Underweight [read more]
- EQT Corporation (EQT) downgraded to Hold at Truist [read more]
3. AROUND THE WEB:
- Carrier Global (CARR) is seeking to sell or spin off its Fire & Security business, WSJ reports [read more]
- France is considering antitrust action against Apple (AAPL), Axios reports [read more]
- Boeing (BA) said 11 Chinese airlines have restarted 737 MAX operations, Reuters reports [read more]
- Frontera (FECCF) is working with advisers on a potential sale, Bloomberg reports [read more]
- Alibaba (BABA) shows off new generative AI model, Reuters says [read more]
4. MOVERS:
- Brookdale Senior Living (BKD) higher after reporting preliminary Q1 results [read more]
- Lufax (LU) gains in New York after proposing a dual primary listing in The Stock Exchange of Hong Kong [read more]
- New Gold (NGD) higher in New York after announcing appointment of Yohann Bouchard as COO [read more]
- Moderna (MRNA) lower after announcing that a study's independent Data and Safety Monitoring Board, or DSMB, has informed the company that mRNA-1010 did not meet the statistical threshold necessary to declare early success as a vaccine against influenza [read more]
- Akamai (AKAM) rises after being upgraded to Overweight at Piper Sandler [read more]
5. EARNINGS/GUIDANCE:
- Adtran (ADTN) cut its Q1 revenue guidance [read more]
- Albertsons (ACI) reported Q4 revenue and EPS that beat consensus [read more]
- SAIC (SAIC) provided guidance for FY24, FY25, and FY26 [read more]
- Cognyte (CGNT) reported Q4 revenue that came in “at the upper end of… expectations,” CEO Elad Sharon said [read more]
- RCI Hospitality (RICK) reported preliminary Q2 revenue below consensus [read more]
INDEXES:
The Dow rose 98.27, or 0.29%, to 33,684.79, the Nasdaq lost 52.48, or 0.43%, to 12,031.88, and the S&P 500 declined 0.17, or 0.0041%, to 4,108.94.