Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Nvidia (NVDA) became the first trillion-dollar chip stock in terms of market cap [read more]
- Apple (AAPL) and Netflix (NFLX) are rumored to be potential bidders for NBA rights, Bloomberg reports [read more]
- MagnaChip (MX) plans to separate its display and power businesses into separate entities [read more]
- JBT Corporation (JBT) will sell its AeroTech business to Oshkosh (OSK) for $800M [read more]
- Tesla (TSLA) CEO Elon Musk's private jet has arrived in Beijing, Reuters reports [read more]
2. WALL STREET CALLS:
- Ford (F) upgraded to Buy from Hold at Jefferies [read more]
- BofA upgrades ChargePoint (CHPT) to Buy with shares at all-time lows [read more]
- Coinbase (COIN) upgraded to Overweight from Neutral at Atlantic Equities [read more]
- Constellation Brands (STZ) and Boston Beer (SAM) were upgraded to Buy from Neutral at Roth MKM [read more]
- Wall Street rolled out its ratings of Johnson & Johnson's (JNJ) recent spinoff Kenvue (KVUE) [read more]
3. AROUND THE WEB:
- Comerica (CMA) is in “serious violation” of the Treasury’s Direct Express program, American Banker says [read more]
- Intel (INTC) CEO Pat Gelsinger said the company has had “serious issues” in leadership, WSJ reports [read more]
- Universal Music (UMGNF) is in talks to acquire the music catalog of British band Queen from Disney Music Group (DIS), CNN reports [read more]
- Amazon (AMZN) has scrapped its Shipment Zero initiative, Insider says [read more]
- Google (GOOG;GOOGL) was ordered to pay Sonos (SONO) $32.5M in patent infringement case, Verge says [read more]
4. MOVERS:
- Equitrans Midstream (ETRN) rises after RBC Capital upgraded the stock to Outperform [read more]
- Iovance (IOVA) gains after announcing FDA acceptance of its BLA of lifileucel [read more]
- Tingo Group (TIO) higher after Tingo DMCC completed its first batch of export deals [read more]
- Nutrien (NTR) falls in New York after Morgan Stanley lowered its price target on the stock [read more]
- Hims & Hers (HIMS) declines after Piper Sandler lowered its target on the stock [read more]
5. EARNINGS/GUIDANCE:
- Elbit Systems (ESLT) reported Q1 EPS and revenue that were higher year-over-year [read more]
- Skyline Champion (SKY) reported Q1 results, with CEO Mark Yost saying the company “delivered strong results” [read more]
- CureVac (CVAC) reported Q1 revenue that was lower year-over-year [read more]
- MediWound (MDWD) reported Q1 EPS and revenue that missed consensus [read more]
- TEN, Ltd. (TNP) reported Q1 results [read more]
INDEXES:
Near midday, the Dow was down 129.16, or 0.39%, to 32,964.18, the Nasdaq was up 85.11, or 0.66%, to 13,060.79, and the S&P 500 was up 6.01, or 0.14%, to 4,211.46.