Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) agreed to buy the remaining 33% stake in Hulu from Comcast (CMCSA) [read more]
- Qualcomm (QCOM) reported better-than-expected Q4 results and provided upbeat Q1 guidance [read more]
- Starbucks (SBUX) reported upbeat Q4 results, with global same-store sales up 8% [read more]
- Eli Lilly (LLY) reported upbeat Q3 earnings and revenue but lowered its FY23 earnings outlook [read more]
- Theme park operators Six Flags (SIX) and Cedar Fair (FUN) agreed to combine in a merger of equals [read more]
2. WALL STREET CALLS:
- Bernstein upgraded Chevron (CVX) to Outperform [read more]
- Amgen (AMGN) upgraded to Buy on pipeline execution at Truist [read more]
- Estee Lauder (EL) downgraded to Sector Perform at RBC Capital and to Market Perform at Telsey Advisory [read more]
- SolarEdge (SEDG) was downgraded by Citi, Exane BNP Paribas, Guggenheim, BMO Capital and Truist after the company's Q3 report [read more]
- Deutsche Bank downgraded Moderna (MRNA) to Sell after "another tough update" [read more]
3. AROUND THE WEB:
- Tesla (TSLA) delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, Reuters reports [read more]
- Uber (UBER) and Lyft (LYFT) have entered into a settlement agreement in which they will pay New York drivers $328M, NY Times says [read more]
- Apple (AAPL) lost a bid to block a London lawsuit worth up to $2B, that accuses the company of hiding defective batteries in iPhones, Reuters reports [read more]
- Conagra (CAG) has been ordered by an Illinois jury to pay $7.1M to a Pennsylvania woman who suffered injuries after a can of cooking spray exploded, NY Times says [read more]
- Boeing (BA) is investigating a cyber incident that impacted its parts and distribution agreement, Reuters reports [read more]
4. MOVERS:
- Lemonade (LMND) higher after reporting quarterly results and raising its FY23 guidance [read more]
- Joby Aviation (JOBY) and Palantir (PLTR) gain after reporting quarterly results [read more]
- Roku (ROKU) increases after reporting quarterly results and providing guidance for Q4 video ads growth [read more]
- Confluent (CFLT) falls after reporting quarterly results and providing guidance for Q4 and FY23 [read more]
- Remitly Global (RELY) and Procore (PCOR) decline after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Moderna (MRNA) reported Q3 results, with Deutsche Bank calling the report "another tough update" [read more]
- Airbnb (ABNB) reported Q3 results and provided guidance for Q4 [read more]
- PayPal (PYPL) reported Q3 results, provided guidance for Q4, and announced its outlook for FY23 [read more]
- Shopify (SHOP) reported Q3 results, with CEO Harley Finkelstein commenting that the third-quarter results "demonstrate the progress we are making to further solidify Shopify's position as the global leader in commerce" [read more]
- Cigna (CI) reported Q3 results and raised its FY23 guidance [read more]
INDEXES:
Near midday, the Dow was up 385.79, or 1.16%, to 33,660.37, the Nasdaq was up 172.29, or 1.32%, to 13,233.76, and the S&P 500 was up 61.14, or 1.44%, to 4,299.00.