Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- McCormick (MKC) reported in-line Q3 earnings and raised its FY23 earnings and revenue guidance [read more]
- Delta Apparel (DLA) received an unsolicited offer to purchase its Salt Life business [read more]
- Krispy Kreme (DNUT) is exploring strategic alternatives for its Insomnia Cookies unit [read more]
- Eli Lilly (LLY) agreed to acquire Point Biopharma (PNT) for $12.50 per share [read more]
- General Motors (GM) reported a 21% year-over-year increase in U.S. sales in Q3 while Stellantis (STLA) said FCA U.S. sales fell 1% in the quarter [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- DirecTV (T) said that the CNN (WBD) streaming service could violate an existing deal, NY Times reports [read more]
- Meta (META) is planning layoffs in its metaverse silicon division, Reuters reports [read more]
- Amazon (AMZN) used a secret algorithm to raise prices, WSJ reports [read more]
- Netflix (NFLX) is planning to raise the price of its ad-free service a few months after the Hollywood actors strike ends, WSJ says [read more]
- United Airlines (UAL) is close to a deal to buy a "double digit" number of A321 narrowbody jets from Airbus (EADSY), Bloomberg reports [read more]
4. MOVERS:
- ALX Oncology (ALXO) gains after announcing interim Phase 2 data from its ASPEN-06 trial [read more]
- Clean Energy (CLNE) increases after Raymond James upgraded the stock to Strong Buy [read more]
- Boeing (BA) gains after delivering the first 777 Freighter to Azerbaijan's Silk Way West airlines and announcing the delivery of the first 737 MAX single-aisle jet to Air Tanzania [read more]
- Enovix (ENVX) falls after announcing it has initiated a strategic realignment of Fab1 [read more]
- Sibanye Stillwater (SBSW) declines in New York after Morgan Stanley downgraded the stock to Underweight [read more]
5. EARNINGS/GUIDANCE:
- Molson Coors (TAP) sees high-single digit growth in underlying EPS over the long-term [read more]
- Ohmyhome (OMH) reported results for the first half of the year [read more]
- Trinity Biotech (TRIB) reported Q2 EPS and revenue that were lower year-over-year [read more]
- Constellation Brands (STZ) will report its Q3 earnings on October 5 [read more]
- Lamb Weston (LW) will report its Q1 results on October 5 [read more]
INDEXES:
The Dow fell 430.97, or 1.29%, to 33,002.38, the Nasdaq lost 248.31, or 1.87%, to 13,059.47, and the S&P 500 declined 58.94, or 1.37%, to 4,229.45.