Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Google (GOOGL) unveiled its Gemini AI model and plans to launch a paid chatbot version in 2024 [read more]
- AbbVie (ABBV) agreed to acquire Cerevel Therapeutics (CERE) for $45 per share in cash [read more]
- Edwards Lifesciences (EW) intends to spin-off its Critical Care unit at the end of 2024 [read more]
- Dollar General (DG) reported upbeat Q3 results and reiterated its FY23 outlook [read more]
- Robinhood (HOOD) launched crypto trading in the EU [read more]
2. WALL STREET CALLS:
- Raymond James upgraded Biogen (BIIB) to Outperform, saying the firm likes the setup for the shares in 2024 [read more]
- BofA downgraded Take-Two (TTWO) on expected estimate reductions given the "GTA 6" launch timing [read more]
- Goldman Sachs initiated coverage of Avis Budget (CAR) with a Sell rating and started coverage of Hertz (HTZ) with a Neutral view [read more]
- Stifel upgraded Datadog (DDOG) to Buy [read more]
- Goldman Sachs downgraded Danaher (DHR) to Neutral as it see more attractive opportunities in the tools space [read more]
3. AROUND THE WEB:
- Western Digital (WDC) will raise its prices for NAND flash memory by up to 55%, DigitTimes reports [read more]
- Boeing (BA) is in talks to sell 80 widebody Dreamliners to Thai Airways, Reuters reports [read more]
- Swedish court said PostNord does not need to deliver license plates to Teslas (TSLA) that are being blocked by the postal service's workers, Reuters says [read more]
- Chewy (CHWY) is less a turnaround story and more an acquisition target, Financial TImes' Lex says [read more]
- Amazon (AMZN) is testing a Prime grocery subscription service, CNBC reports [read more]
4. MOVERS:
5. EARNINGS/GUIDANCE:
- GameStop (GME) reported mixed Q3 results and said its board approved a policy to invest in equities, which Wedbush called "one of the most inane moves we have ever seen" [read more]
- Chewy (CHWY) reported Q3 results and cut its FY23 guidance [read more]
- JetBlue (JBLU) raised its outlook for Q4 and FY23 [read more]
- Semtech (SMTC) announced Q3 results and provided guidance for Q4 [read more]
- ChargePoint (CHPT) reported Q3 EPS and revenue that missed consensus [read more]
INDEXES:
The Dow rose 62.95, or 0.17%, to 36,117.38, the Nasdaq gained 193.28, or 1.37%, to 14,339.99, and the S&P 500 advanced 36.25, or 0.80%, to 4,585.59.