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 an unexpected Q2 loss 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]
- Disney (DIS) said its latest Marvel film "Guardians of the Galaxy Vol. 3" earned $289.3M globally in its opening weekend [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:
- 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]
- Activist investor Nelson Peltz considering a campaign to shake up Estee Lauder (EL), NY Post says [read more]
- TD Bank's (TD) anti-money-laundering practices helped scuttle the First Horizon (FHN) deal, WSJ reports [read more]
- Boeing (BA) closes in on a major order from Ryanair (RYAAY), Bloomberg reports [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 as CEO Billy Cyr touted a “very strong start to 2023” [read more]
INDEXES:
The Dow fell 55.69, or 0.17%, to 33,618.69, the Nasdaq gained 21.50, or 0.18%, to 12,256.92, and the S&P 500 advanced 1.87, or 0.045%, to 4,138.12.