Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Micron (MU) reported better-than-expected Q1 results and provided upbeat Q2 guidance [read more]
- Warner Bros. Discovery (WBD) CEO David Zaslav reportedly met with Paramount (PARA) CEO Bob Bakish on Tuesday in New York City to discuss a possible merger [read more]
- Carnival (CCL) reported upbeat Q4 earnings and revenue and provided its outlook for Q1 and FY24 [read more]
- Coinbase (COIN) has received a crypto license in France, according to CNBC [read more]
- MillerKnoll (MLKN) provided a "beat and raise" report for Q2 [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Samsung (SSNLF) will invest $280M over five years in a facility it will set up in Japan, Reuters says [read more]
- Cytokinetics (CYTK) is seeing "strong interest" from Novartis (NVS) and AstraZeneca (AZN) as the company weighs its options after receiving takeover interest, Dealreporter reports [read more]
- Boeing (BA) plans to resume deliveries of its 787 Dreamliner to China, Reuters says [read more]
- Honda (HMC) is recalling over 2.5M cars with potentially faulty fuel pumps, NBC News reports [read more]
- Ford (F) said half of its dealers are waiting to decide on EV sales and service in 2024, DFP reports [read more]
4. MOVERS:
- Triumph Group (TGI) increases after announcing it will sell its product support business to AAR Corp. (AIR) [read more]
- Energy Fuels (UUUU) gains after announcing it has commenced uranium production at three of its permitted and developed uranium mines in Arizona and Utah [read more]
- Joby Aviation (JOBY) rises after it successfully completed a series of air traffic simulations with NASA's Ames Research Center [read more]
- Caterpillar (CAT) falls after Bernstein put the stock on "negative watch," believing 2024 street estimates are 10% too high [read more]
- Polished (POL) drops after announcing it was not aware of any material changes in the business to account for the 618% spike in the stock's price in the last regular session [read more]
5. EARNINGS/GUIDANCE:
- BlackBerry (BB) reported Q3 EPS and revenue that beat consensus, with CEO John Giamatteo commenting "This was a good quarter for BlackBerry" [read more]
- CarMax (KMX) announced its Q3 results, with EPS beating consensus, but revenue falling short [read more]
- Apogee Enterprises (APOG) reported Q3 results and raised its FY24 guidance [read more]
- Paychex (PAYX) released its Q2 results and provided guidance for Q3 and FY24, with CEO John Gibson commenting "We are pleased with our results" [read more]
- Nike (NKE) is scheduled to report Q2 results after the closing bell [read more]
INDEXES:
The Dow rose 322.35, or 0.87%, to 37,404.35, the Nasdaq gained 185.92, or 1.26%, to 14,963.87, and the S&P 500 advanced 48.40, or 1.03%, to 4,746.75.