Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- The Wall Street Journal reported that Tesla (TSLA) is in early talks with Saudi Arabia for an electric vehicle plant, though Tesla CEO Elon Musk said the report was "utterly false" [read more]
- Apple (AAPL) CEO Tim Cook told CBS Sunday Morning that the Vision Pro is "on track" for a 2024 launch [read more]
- Clorox (CLX) said it sees an impact from a recent cybersecurity attack being "material" to Q1 results [read more]
- MSG Entertainment (MSGE) said that Sphere Entertainment Group (SPHR) has commenced an underwritten secondary offering of 7.15M shares of MSG Entertainment's Class A common stock [read more]
- Amazon (AMZN) announced Prime Big Deal Days, beginning October 10 [read more]
2. WALL STREET CALLS:
- Micron (MU) upgraded to Buy from Hold at Deutsche Bank [read more]
- PayPal (PYPL) downgraded to Market Perform at MoffettNathanson ahead of new CEO's start [read more]
- VF Corp. (VFC) downgraded to Neutral from Overweight at Piper Sandler [read more]
- Disney (DIS) and Warner Bros. Discovery (WBD) initiated with Outperform ratings at Raymond James, which starts Paramount at Market Perform [read more]
- Bernstein starts Arm (ARM) at Underperform on premium valuation [read more]
3. AROUND THE WEB:
- United Auto Workers President Shawn Fain says Stellantis' (STLA) offer is "definitely a no-go," Bloomberg reports [read more]
- Bank of Montreal (BMO) will close its retail auto finance business, Reuters reports [read more]
- Albertsons (ACI) and Kroger (KR) quietly struck stock deals with Instacart (CART), Information reports [read more]
- Amazon (AMZN) will hire departing Microsoft (MSFT) product chief Panos Panay, Bloomberg reports [read more]
- Unity (U) is backtracking on parts of its video game pricing plan, Bloomberg says [read more]
4. MOVERS:
- Nikola (NKLA) higher after appointing Mary Chan as COO [read more]
- Green Plains Partners (GPP) gains after entering a definitive merger agreement in which it will be acquired by Green Plains (GPRE) for a share percentage and $2 in cash [read more]
- ZIM Integrated (ZIM) increases after JPMorgan upgraded the stock to Overweight [read more]
- DocGo (DCGO) falls after announcing CEO Anthony Capone has resigned due to "personal reasons" [read more]
- Pfizer (PFE) and Moderna (MRNA) lower after Pfizer CFO David Denton said the company expects weaker demand for COVID-19 vaccines this year [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
The Dow rose 6.06, or 0.018%, to 34,624.30, the Nasdaq gained 1.90, or 0.014%, to 13,710.24, and the S&P 500 advanced 3.21, or 0.072%, to 4,453.53.