Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- PepsiCo (PEP) CFO Hugh Johnston will leave the company to become CFO of Disney (DIS) [read more]
- Dish (DISH) announced downbeat Q3 results and announced that CEO W. Erik Carlson will resign [read more]
- Hilton Grand Vacations (HGV) agreed to acquire Bluegreen Vacations (BVH) in an all-cash transaction, representing total consideration of approximately $1.5B, inclusive of net debt [read more]
- AAON (AAON) named Matt Tobloski as president and COO [read more]
- Halliburton (HAL) and Oil States (OIS) entered into a strategic collaboration to provide customers with deepwater managed pressure drilling solutions [read more]
2. WALL STREET CALLS:
- BofA double downgraded Paramount (PARA) to Underperform on lack of asset sales [read more]
- DA Davidson upgraded Booking Holdings (BKNG) to Buy from Neutral [read more]
- Wall Street firms initiated coverage of Birkenstock (BIRK) with a mix of Buy-equivalent and Neutral-equivalent ratings [read more]
- Ferrari (RACE) upgraded to Overweight from Equal Weight at Barclays [read more]
- UBS downgraded Albemarle (ALB) to Neutral while Morgan Stanley lowered its price target on the shares to $90 from $155 and kept its Underweight rating [read more]
3. AROUND THE WEB:
- Tesla (TSLA) is planning to build a $26,838 car at its factory near Berlin, Reuters says [read more]
- General Motors (GM) spent an average of $588M per quarter on Cruise over the last year, NY Times says [read more]
- Lucid (LCID) has cut the prices of its Air range of luxury sedans, Reuters reports [read more]
- Citi (C) weighs major layoffs as part of CEO Jane Fraser's reorganization, CNBC reports [read more]
- Cigna (CI) is exploring the sale of its Medicare Advantage business, Reuters says [read more]
4. MOVERS:
- NRG Energy (NRG) higher after announcing a $950M share repurchase program [read more]
- Celldex (CLDX) gains after announcing barzolvolimab met the primary endpoint in its Phase 2 urticaria study [read more]
- Novo Nordisk (NVO) increases in New York after entering a collaboration with Genevant [read more]
- MoonLake (MLTX) falls in New York after announcing Phase 2 results for Nanobody sonelokimab [read more]
- Bumble (BMBL) declines after announcing Lidiane Jones, CEO at Slack, will succeed Whitney Wolfe Herd as CEO [read more]
5. EARNINGS/GUIDANCE:
- Post Holdings (POST) reported preliminary Q4 results and announced CEO Vitale will take a medical leave of absence [read more]
- OptimizeRx (OPRX) reported Q3 results and provided guidance for FY23 and FY24 [read more]
- TreeHouse (THS) announced Q3 results and cut its FY23 guidance [read more]
- Freshpet (FRPT) reported Q3 results and raised its FY23 guidance, with CEO Billy Cyr commenting "FY23 is shaping up to be the kind of year we had hoped it would" [read more]
- A.O. Smith (AOS) is targeting adjusted EPS CAGR Of 7%-9% in 2024-2028 [read more]
INDEXES:
The Dow rose 34.54, or 0.10%, to 34,095.86, the Nasdaq gained 40.50, or 0.30%, to 13,518.78, and the S&P 500 advanced 7.64, or 0.18%, to 4,365.98.