Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- eBay (EBAY) reported upbeat Q3 results and provided Q4 and FY23 guidance [read more]
- Rivian Automotive (RIVN) reported better-than-expected Q3 earnings and revenue and increased its 2023 production guidance [read more]
- Robinhood (HOOD) reported downbeat Q3 earnings and revenue [read more]
- Roblox (RBLX) reported better-than-expected Q3 results, with average daily active users up 20% year-over-year [read more]
- Warner Bros. Discovery (WBD) reported lower-than-expected Q3 earnings and revenue [read more]
2. WALL STREET CALLS:
- Capital One upgraded MongoDB (MDB), Snowflake (SNOW) and Confluent (CFLT) to Overweight in conjunction with earnings from sector peer Datadog (DDOG) [read more]
- Meanwhile, Datadog (DDOG) was downgraded to Neutral at Mizuho, which now sees a balanced risk/reward [read more]
- Citi upgraded Microchip (MCHP) to Buy, recommended a pair trade against Sell-rated NXP Semiconductors (NXPI) [read more]
- Wells Fargo upgraded Glaukos (GKOS) on positive reimbursement updates [read more]
- Lucid Group (LCID) was downgraded to Neutral at Cantor and to Hold at R.F. Lafferty after another guidance cut [read more]
3. AROUND THE WEB:
- Goldman Sachs (GS) is planning to begin a process to unload its General Motors (GM) credit card program, WSJ reports [read more]
- Nextdoor (KIND) is slashing its headcount by 25%, Barron's says [read more]
- Amazon (AMZN) is working on a new conversational AI software, Information reports [read more]
- Take-Two (TTWO) plans to announce the next "Grand Theft Auto" game as early as this week, Bloomberg says [read more]
- HSBC (HSBC) is partnering with Metaco to launch a custody service for digital assets, Bloomberg says [read more]
4. MOVERS:
- Oscar Health (OSCR) gains after reporting quarterly results and raising its FY23 guidance [read more]
- GoPro (GPRO) increases after reporting quarterly results [read more]
- Clear Secure (YOU) higher after reporting Q3 results and announcing a $100M increase to its stock repurchase program [read more]
- Flywire (FLYW) falls after reporting quarterly results and narrowing its FY23 guidance [read more]
- Establishment Labs (ESTA) and Upstart (UPST) decline after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Under Armour (UA) reported Q2 results and backed its FY24 guidance [read more]
- SeaWorld (SEAS) reported Q3 results, with CEO Marc Swanson commenting "We are pleased to report another quarter of solid financial results" [read more]
- Upwork (UPWK) reported Q3 results, provided guidance for Q4, and announced its outlook for FY23 [read more]
- Toast (TOST) announced Q4 results and narrowed its FY23 guidance [read more]
- Lucid Group (LCID) reported Q3 results, with revenue missing consensus [read more]
INDEXES:
Near midday, the Dow was down 107.43, or 0.31%, to 34,045.17, the Nasdaq was down 39.21, or 0.29%, to 13,600.64, and the S&P 500 was down 11.47, or 0.26%, to 4,366.91.