Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Foot Locker (FL) reported downbeat Q2 revenue and lowered its FY23 earnings and revenue guidance [read more]
- Kohl's (KSS) reported upbeat Q2 results and reiterated its FY23 outlook [read more]
- Peloton (PTON) reported mixed Q4 results [read more]
- Advance Auto Parts (AAP) reported Q2 results and cut its FY23 guidance [read more]
- Abercrombie & Fitch (ANF) announced Q2 EPS and revenue that beat consensus [read more]
2. WALL STREET CALLS:
- Dick's Sporting (DKS) was downgraded to Neutral at Wedbush and BofA after its "disappointing" Q2 report [read more]
- Brown-Forman (BF.A) double upgraded to Overweight from Underweight at Morgan Stanley [read more]
- Edward Jones upgraded Dollar General (DG) to Buy and added the shares to the firm's Stock Focus List [read more]
- Wedbush upgraded Super Micro Computer (SMCI) to Neutral with a $250 price target [read more]
- Premier (PINC) downgraded to Neutral from Overweight at Piper Sandler [read more]
3. AROUND THE WEB:
- NextGen Healthcare (NXGN) is exploring a sale with the help of Morgan Stanley (MS), Reuters reports [read more]
- Stellantis (STLA) is weighing a partnership with an EV maker to expand in China, Bloomberg reports [read more]
- WeWork (WE) is seeking to avoid bankruptcy with a restructuring, Bloomberg says [read more]
- Nvidia (NVDA) plans to at least triple the production of the H100 AI processor in 2024, FT reports [read more]
- Thermo Fisher (TMO) is being hired by Novo Nordisk (NVO) as the second manufacturer of its weight-loss drug Wegovy, Reuters reports [read more]
4. MOVERS:
- iTeos Therapeutics (ITOS) higher after Roche (RHHBY) inadvertently published positive data for its own anti-TIGIT drug [read more]
- Apellis (APLS) increases after providing an update on its supplied injection kits and ongoing investigation of Syfovre [read more]
- Williams-Sonoma (WSM) gains after reporting quarterly results [read more]
- Hawaiian Electric (HE) falls after confirming the company hired Guggenheim for advice [read more]
- Zhihu (ZH) lower in New York after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Bath & Body Works (BBWI) provided results for Q2 and raised its FY23 guidance [read more]
- Analog Devices (ADI) reported Q3 results, with CEO Vincent Roche commenting "in a challenging operating environment, ADI executed well" [read more]
- Grab Holdings (GRAB) reported Q2 results and provided guidance for FY23, with CEO Anthony Tan commenting the company had "a strong set of results" for the quarter [read more]
- Lancaster Colony (LANC) reported downbeat Q4 results [read more]
- GH Research (GHRS) reported lower-than-expected Q2 earnings [read more]
INDEXES:
The Dow rose 184.15, or 0.54%, to 34,472.98, the Nasdaq gained 215.16, or 1.59%, to 13,721.03, and the S&P 500 advanced 48.46, or 1.1%, to 4,436.01.