Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Tyson Foods (TSN) reported downbeat Q2 results and cut its FY23 guidance [read more]
- Berkshire Hathaway (BRK.A) reported a jump in earnings as its cash hoard now tops $130B [read more]
- Occidental (OXY) slipped after Warren Buffett said that Berkshire won't seek control of the company [read more]
- Catalent (CTLT) delayed the release of its Q3 results and lowered its FY23 revenue guidance [read more]
- Activist investor Nelson Peltz is considering a campaign to shake up Estee Lauder (EL), according to the New York Post [read more]
2. WALL STREET CALLS:
- Snowflake (SNOW) upgraded to Buy from Hold at Stifel [read more]
- Peloton (PTON) upgraded to Market Perform from Underperform at BMO Capital [read more]
- Coinbase (COIN) upgraded to Buy from Hold at Daiwa [read more]
- Workday (WDAY) downgraded to Hold from Buy at Stifel [read more]
- Loop Capital cut LivePerson (LPSN) to Sell, sees Starboard matter as major distraction [read more]
3. AROUND THE WEB:
- HSBC (HSBC) agrees to buy out China JV partner, Reuters reports [read more]
- Russian carmaker files third suit against Volkswagen (VWAGY), Reuters says [read more]
- ShockWave Medical (SWAV) talks with Boston Scientific (BSX) have broken down, Street Insider says [read more]
- Tesla (TSLA) begins producing EVs with BYD (BYDDF) batteries in Germany, DigiTimes reports [read more]
- Toyota (TM) halts the sale of Yaris Ativ in Thailand, Reuters says [read more]
4. MOVERS:
- PacWest Bancorp (PACW) higher after declaring a quarterly cash dividend of 1c per share [read more]
- Braskem (BAK) up again in New York after reporting on Friday that Novonor did not receive any proposal for the company [read more]
- Axsome Therapeutics (AXSM) gains after reporting quarterly results [read more]
- Frontline (FRO) decreases in New York after Jefferies downgraded the stock to Hold on VLCC exposure [read more]
- Trupanion (TRUP) lower after BofA downgraded the stock [read more]
5. EARNINGS/GUIDANCE:
- Zscaler (ZS) raised its Q3 and FY23 revenue guidance [read more]
- Six Flags (SIX) reported Q1 results and announced a $5.42 increase in guest spending per capita [read more]
- Dish (DISH) delivered Q1 revenue and EPS that missed consensus [read more]
- LL Flooring (LL) reported Q1 EPS that was lower year-over-year and the company said its FY23 revenue guidance is “challenged” [read more]
- Freshpet (FRPT) reported Q1 EPS and revenue results, which CEO Billy Cyr said this was a “very strong start to 2023” [read more]
INDEXES:
Near midday, the Dow was down 105.37, or 0.31%, to 33,569.01, the Nasdaq was down 13.35, or 0.11%, to 12,222.06, and the S&P 500 was down 4.11, or 0.10%, to 4,132.14.