Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Delta Air Lines (DAL) reported mixed Q1 results and reiterated its FY23 earnings and revenue guidance [read more]
- Fastenal (FAST) reported better-than-expected Q1 earnings, but said gross margin declined to 45.7% in the quarter [read more]
- SoftBank (SFTBY) to sell "remaining shareholding" in Alibaba (BABA), FT reports [read more]
- Sarepta (SRPT) sinks after STAT says FDA leaned against gene therapy approval [read more]
- Manchester United (MANU) bidder drops out, tells ESPN the sale process is "a farce" [read more]
2. WALL STREET CALLS:
- Merck (MRK) upgraded to Buy from Neutral at Citi [read more]
- WWE (WWE) upgraded to Overweight from Equal Weight at Morgan Stanley [read more]
- Deutsche Bank downgrades First Solar (FSLR) after 45% rally since November [read more]
- LSB Industries (LXU) and LyondellBasell (LYB) both downgraded to Hold at Jefferies [read more]
- General Motors (GM) initiated with a Neutral at Mizuho [read more]
3. AROUND THE WEB:
- IBM (IBM) looks into sale of weather business, WSJ reports [read more]
- TotalEnergies (TTE) is weighing a bid for $5B E&P company Neptune Energy, Bloomberg reports [read more]
- Apple (AAPL) now makes about 7% of iPhones in India, Bloomberg reports [read more]
- Google (GOOGL) to ask judge to toss DOJ antitrust trial, WSJ reports [read more]
- TSMC (TSM) is planning a JV fab in Germany, DigiTimes reports [read more]
4. MOVERS:
- Affirm (AFRM) higher after broadening its relationship with financial infrastructure platform Stripe [read more]
- Hecla Mining (HL) gains after reporting Q1 silver production up 10% vs. previous quarter [read more]
- Ginkgo Bioworks (DNA) rises after partnering with WARF for GD2 CAR T-Cell therapies [read more]
- Progressive (PGR) falls after reporting results for March and Q1 [read more]
- Ring Energy (REI) lower after reporting exercise, price reduction of warrants [read more]
5. EARNINGS/GUIDANCE:
- Rent the Runway (RENT) provides guidance for Q1 and FY23 [read more]
- ViewRay (VRAY) cut its FY23 revenue view [read more]
- Novo Nordisk (NVO) raised its sales and operating profit outlook for 2023 [read more]
- Infosys (INFY) reported Q4 revenue and EPS that missed consensus [read more]
- Sportsman’s Warehouse (SPWH) reports Q4 results, announces Jon Barker to retire as CEO [read more]
INDEXES:
Near midday, the Dow was up 189.65, or 0.56%, to 33,836.15, the Nasdaq was up 174.09, or 1.46%, to 12,103.43, and the S&P 500 was up 30.66, or 0.75%, to 4,122.61.