Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- FedEx (FDX) reported downbeat Q2 results and lowered its FY24 revenue guidance [read more]
- General Mills (GIS) reported mixed Q2 results and narrowed its FY24 earnings outlook [read more]
- New York Attorney General Letitia James is suing SiriusXM (SIRI) for "trapping" consumers in "unwanted" subscriptions [read more]
- Volkswagen (VWAGY), Audi (AUDVF), Porsche (POAHY), and Scout Motors will implement the North American Charging Standard for future products in the region [read more]
- Toyota (TM) is recalling roughly 1M 2020-2022 Toyota and Lexus vehicles [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Fluence (FLNC) has been hit by a cross-complaint by the owner of the Diablo battery storage project in California, which is seeking a $230M refund for the company's engineering, procurement, and construction work on it, ES News reports [read more]
- Tesla (TSLA) supplier Panasonic (PCRFY) said it has decided against building a multimillion-dollar electric vehicle factory in Oklahoma, WSJ reports [read more]
- Universal Studios (CMCSA) is in the development phase of a plan for its first UK theme park, Standard says [read more]
- General Motors (GM) has bought out roughly half of its Buick dealers, WSJ says [read more]
- Paramount (PARA) is in talks to sell BET Network, Bloomberg reports [read more]
4. MOVERS:
- Liquidia (LQDA) rises after the United States Court of Appeals for the Federal Circuit affirmed a patent board decision related to the company's patent fight with United Therapeutics (UTHR) [read more]
- Clear Channel Outdoor (CCO) increases after Wells Fargo upgraded the stock to Overweight [read more]
- Bit Digital (BTBT) gains after announcing the receipt of the first tranche of AI servers [read more]
- Argenx (ARGX) falls after announcing the ADDRESS study did not meet its primary endpoint [read more]
- Aon (AON) declines after announcing it will acquire NFP for $13.4B in a cash and stock transaction [read more]
5. EARNINGS/GUIDANCE:
- Shimmick (SHIM) reported Q3 results, with reported EPS higher year-over-year [read more]
- EnerSys (ENS) raised its Q3 EPS guidance [read more]
- Worthington (WOR) reported Q2 EPS that missed consensus [read more]
- Winnebago (WGO) reported Q1 results, with CEO Michael Happe commenting, "first quarter results underscore the resilience of our diversified portfolio and variable cost structure in navigating a sales environment influenced by challenging retail trends and intentional inventory management by dealers" [read more]
- Steelcase (SCS) reported Q3 results and provided guidance for Q4 [read more]
INDEXES:
The Dow fell 475.92, or 1.27%, to 37,082.00, the Nasdaq lost 225.28, or 1.50%, to 14,777.94, and the S&P 500 declined 70.02, or 1.47%, to 4,698.35.