Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Target (TGT) reported upbeat Q3 earnings but lower-than-expected quarterly revenue [read more]
- Advance Auto Parts (AAP) reported downbeat Q3 results, lowered its FY23 earnings outlook, launched a $150M cost reduction program and named Ryan Grimsland CFO [read more]
- Goodyear Tire (GT) announced a transformation plan and said that CEO Richard Kramer will retire in 2024 [read more]
- TJX (TJX) provided a "beat and raise" report for Q3 [read more]
- Delta Air Lines (DAL) projects 6.2M-6.4M customers over the Thanksgiving period [read more]
2. WALL STREET CALLS:
- Daiwa upgraded Block (SQ) to Buy from Outperform [read more]
- Energizer (ENR) was downgraded to Underweight at both JPMorgan and Morgan Stanley while being cut to Sector Perform at RBC Capital following weaker than anticipated guidance for Q1 and fiscal 2024 [read more]
- Cantor Fitzgerald downgraded Bristol Myers (BMY) to Neutral from Overweight [read more]
- Barclays upgraded Wix.com (WIX) to Overweight from Equal Weight [read more]
- JPMorgan downgraded Canadian Solar (CSIQ) to Underweight from Neutral [read more]
3. AROUND THE WEB:
- Activist investing firm ValueAct has taken a "large" position in Disney (DIS), CNBC says [read more]
- Yandex (YNDX) plans to sell its entire Russian business, Bloomberg reports [read more]
- The EU plans to file anti-competitive charges against Adobe's (ADBE) $20B Figma deal, FT says [read more]
- Eli Lilly (LLY) will invest a "single-digit billion" in a new German plant, Reuters reports [read more]
- Clorox (CLX) chief information security officer Amy Bogac has left the company, Bloomberg says [read more]
4. MOVERS:
- Dada Nexus (DADA) higher in New York after reporting Q3 results and providing guidance for Q4 [read more]
- Taysha Gene Therapies (TSHA) increases after reporting quarterly results [read more]
- Global-e Online (GLBE) declines in New York after reporting Q3 results and providing guidance for Q4 and FY23 [read more]
- Guardant Health (GH) falls after announcing it intends to appeal the recent verdict in the U.S. District Court for the District of Delaware related to IP claims against the company [read more]
- Nu Holdings (NU) and ZIM Integrated (ZIM) lower in New York after reporting Q3 results [read more]
5. EARNINGS/GUIDANCE:
- Catalent (CTLT) provided guidance for Q1 and FY24 [read more]
- JD.com (JD) reported Q3 results, with CEO Sandy Xu commenting ""We reported steady top-line performance for the quarter with record profitability" [read more]
- Fiserv (FI) reaffirmed its FY23 guidance and provided its outlook for FY24 [read more]
- Griffon (GFF) reported Q4 results and provided guidance for FY24, with CEO Ronald Kramer commenting "We are pleased with Griffon's results for the fourth quarter and fiscal year" [read more]
- Here's what Wall Street experts are saying about Walmart (WMT) ahead of earnings [read more]
INDEXES:
The Dow rose 163.51, or 0.47%, to 34,991.21, the Nasdaq gained 9.45, or 0.067%, to 14,103.84, and the S&P 500 advanced 7.18, or 0.16%, to 4,502.88.