Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- The FAA said it is "closely monitoring" Boeing 737 MAX inspections to look for a possible loose bolt in the rudder control system [read more]
- Chinese smartphone maker Xiaomi (XIACY) showed off its first electric vehicle, that it touted as having "super electric motor" technology capable of delivering acceleration speeds faster than Tesla (TSLA) cars [read more]
- HG Vora Capital Management disclosed the economic equivalent of an 18.5% position in Penn Entertainment's (PENN) common stock and said it is in talks with the casino operator about placing directors on the company's board [read more]
- In other activist news, Reuters says Ancora is preparing to challenge the board of Harmonic (HLIT) [read more]
- NeoGenomics (NEO) shares are down after Natera (NTRA) said a federal District Court issued a preliminary injunction enjoining the RaDaR assay [read more]
2. WALL STREET CALLS:
- Wedbush ups Microsoft (MSFT) target to $450 ahead of "iPhone Moment" [read more]
- Northcoast upgraded WisdomTree (WT) citing a "more resilient" business model [read more]
- HSBC initiated coverage of Chubb (CB) with a Buy rating and Travelers (TRV) with a Hold as it rolled out coverage of U.S. non-life insurers [read more]
- CL King initiated coverage of Tennant (TNC) with a Buy rating [read more]
- H.C. Wainwright added three "smallish" bitcoin miners to its coverage list [read more]
3. AROUND THE WEB:
- Microsoft (MSFT) is readying next-gen AI-focused Surface products with Arm (ARM) chips, Windows Central says [read more]
- General Motors (GM) is suing San Francisco, alleging the city unfairly taxed the company $108M over seven years, Bloomberg says [read more]
- Anglo American (NGLOY) is interested in the sale of 49% stake of its fertilizer mine being built under North York Moors National Park, Daily Mail says [read more]
- UnitedHealth (UNH) is said to use secret rules to restrict access to rehabilitation care requested by specific groups of seriously ill patients, STAT says [read more]
- Social media firms, including Google's (GOOGL) YouTube and Meta's (META) Instagram and Facebook, collectively generated more than $11B in U.S. advertising revenue from children last year, Business Insider reports [read more]
4. MOVERS:
- TeraWulf (WULF) increases after providing a business update [read more]
- Sidus Space (SIDU) higher after filing to sell 197K shares of its stock [read more]
- Hanesbrands (HBI) lower after UBS said it was not bullish on the company's possible divestiture of Champion [read more]
- CytoSorbents (CTSO) declines after reporting its STAR-T trial did not meet the primary effectiveness endpoint [read more]
- Hess (HES) dips after report on Venezuela deploying soldiers to its border with Guyana [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
The Dow rose 53.58, or 0.14%, to 37,710.10, the Nasdaq lost 4.04, or 0.027%, to 15,095.14, and the S&P 500 advanced 1.77, or 0.037%, to 4,783.35.