Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- iRobot (IRBT) and Amazon (AMZN) agreed to terminate their pending merger deal [read more]
- SoFi Technologies (SOFI) reported better-than-expected Q4 results and provided upbeat FY24 earnings guidance [read more]
- WillScot Mobile Mini (WSC) agreed to acquire McGrath RentCorp (MGRC) for $3.8B [read more]
- Vince McMahon resigned from TKO Group (TKO) after a former employee accused him of sexual abuse and sex trafficking in a lawsuit [read more]
- Sports betting company Flutter Entertainment (FLUT) has begun trading on the NYSE [read more]
2. WALL STREET CALLS:
- Warner Bros. (WBD) downgraded to Equal Weight from Overweight at Wells Fargo [read more]
- AbbVie (ABBV) upgraded to Outperform on growth confidence at William Blair [read more]
- Hershey (HSY) upgraded to Outperform from Market Perform at Bernstein [read more]
- Norfolk Southern (NSC) was downgraded to Underweight at Morgan Stanley, to Hold at Stifel and to Market Perform at TD Cowen [read more]
- BofA upgraded "classic self-help story" ZoomInfo (ZI) to Buy [read more]
3. AROUND THE WEB:
- Bayer (BAYRY) has been ordered to pay $2.25B in damages by a jury in a Philadelphia court in the legal battle over its Roundup weedkiller, WSJ reports [read more]
- Archer Daniels (ADM) will delay paying performance bonuses to some executives until its financial statements are completed and audited, Reuters says [read more]
- Bain Capital is in talks with SK Hynix to restart negotiations between Western Digital (WDC) and Japan's Kioxia Holdings, Reuters reports [read more]
- Ryanair (RYAAY) has offered to pick up more Boeing (BA) 737 Max aircraft if any U.S. airlines cancel orders, FT says [read more]
- Six people were injured after an American Airlines (AAL) flight on an Airbus (EADSY) A320 made a hard landing at Kahului Airport in Hawaii, CNN reports [read more]
4. MOVERS:
- ZIM Integrated (ZIM) rises in New York after Jefferies upgraded the stock to Buy [read more]
- Lucid Group (LCID) gains after Motley Fool issued a buy alert on the stock [read more]
- Bitdeer (BTDR) higher in New York after appointing founder and Chairman Jihan Wu as CEO [read more]
- Bloom Energy (BE) falls after BofA downgraded the stock to Underperform [read more]
- TD Synnex (SNX) declines after announcing a 7.375M share offering [read more]
5. EARNINGS/GUIDANCE:
- Philips (PHG) reported Q4 results and agreed to a consent decree with FDA regarding its Respironics business [read more]
- Franklin Resources (BEN) reported Q1 results, with revenue and EPS beating consensus [read more]
- Bank of Marin (BMRC) reported Q4 EPS and revenue that missed consensus [read more]
- Pacific Premier (PPBI) reported Q4 results, with EPS beating consensus [read more]
- Provident Financial (PROV) announced Q2 results [read more]
INDEXES:
Near midday, the Dow was down 13.88, or 0.04%, to 38,095.55, the Nasdaq was up 46.51, or 0.30%, to 15,501.87, and the S&P 500 was up 4.70, or 0.10%, to 4,895.67.