Get caught up quickly on the top news and calls moving stocks with these five Top Five lists
1. STOCK NEWS:
- Procter & Gamble (PG) reported upbeat Q3 results and raised its FY23 sales growth outlook [read more]
- Seagate (STX) reported downbeat Q3 results and provided lower-than-expected Q4 guidance [read more]
- Tesla (TSLA) is raising pricing on its Model S and X vehicles in the U.S., Bloomberg reports [read more]
- HCA Healthcare (HCA) provided a "beat and raise" report for Q1 [read more]
- Lyft (LYFT) confirmed that staff will be "significantly" reduced amid restructuring [read more]
2. WALL STREET CALLS:
- Truist downgraded Tesla (TSLA) on diminished value of core business [read more]
- HSBC upgraded AT&T (T) to Buy, sees opportunity after selloff [read more]
- Overstock.com (OSTK) downgraded to Neutral from Overweight at Piper Sandler [read more]
- Seagate (STX) downgraded to Equal Weight at Morgan Stanley after earnings [read more]
- Big Lots (BIG) downgraded to Underweight from Neutral at Piper Sandler [read more]
3. AROUND THE WEB:
- Meta (META) CEO says company to slow hiring and won’t rule out more job cuts, WSJ reports [read more]
- Walmart (WMT) is selling Eloquii to FullBeauty Brands, CNBC says [read more]
- T-Mobile’s (TMUS) proposed takeover of Mint Mobile faces scrutiny from Department of Justice, NY Post says [read more]
- The DOJ has joined an ongoing DOT probe of Southwest's (LUV) holiday meltdown, Politico reports [read more]
- A jury has found that Tesla's (TSLA) Autopilot software didn't fail to perform safely in a crash, Reuters reports [read more]
4. MOVERS:
- EverCommerce (EVCM) higher after Reuters said the company is exploring its options after attracting takeover interest [read more]
- CSX (CSX) rises after reporting quarterly results [read more]
- ShockWave Medical (SWAV) gains after Bloomberg reported the company is attracting takeover interest from Boston Scientific (BSX) [read more]
- W. R. Berkley (WRB) and Autoliv (ALV) decline in New York after reporting quarterly results [read more]
- SQM (SQM) and Albermarle (ALB) fall in New York after Chile unveiled its lithium development policy [read more]
5. EARNINGS/GUIDANCE:
- SAP (SAP) reported Q1 revenue and EPS that were higher year-over [read more]
- HCA Healthcare (HCA) raised its FY23 EPS and revenue guidance [read more]
- Freeport-McMoRan (FCX) CEO Richard Adkerson said the company is “strongly positioned with a favorable long-term market outlook” in its Q1 earnings report [read more]
- Amerant Bancorp (AMTB) reported a Q1 EPS that came in below consensus [read more]
- Regions Financial (RF) reported Q1 EPS that missed consensus, though the company said it “maintains a solid capital position” [read more]
INDEXES:
The Dow rose 22.34, or 0.066%, to 33,808.96, the Nasdaq gained 12.90, or 0.11%, to 12,072.46, and the S&P 500 advanced 3.73, or 0.090%, to 4,133.52.