Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Amazon (AMZN) will join the Dow Jones Industrial Average, replacing Walgreens (WBA) [read more]
- Uber (UBER) will replace JetBlue (JBLU) in the Dow Jones Transportation Average [read more]
- Palo Alto Networks (PANW) provided a "beat and raise" report for Q2, but is pulling back based on guidance and shift in selling strategy [read more]
- WW (WW) hit a 52-week low after a report on Ozempic hype house backlash [read more]
- Intuitive Machine (LUNR) said that Odysseus completed its scheduled lunar orbit insertion burn [read more]
2. WALL STREET CALLS:
- Northland, Piper Sandler, Rosenblatt and Loop Capital downgraded Palo Alto Networks (PANW) to Neutral-equivalent ratings after the company dropped a "significant change" to its go-to-market strategy along with earnings and guidance [read more]
- HSBC downgraded Home Depot (HD) to Reduce [read more]
- JPMorgan downgraded Wendy's (WEN) to Neutral [read more]
- Amplitude downgraded to Sector Perform at Scotiabank after "weak" Q4 [read more]
- Barclays upgraded Norfolk Southern (NSC) to Overweight [read more]
3. AROUND THE WEB:
- Microsoft (MSFT) plans to invest $2.1B in Spain over the next two years, Reuters says [read more]
- Tinder (MTCH) plans to roll out its new ID checks in the U.S., U.K., Brazil, and Mexico over the next few weeks, Bloomberg reports [read more]
- Volkswagen (VWAGY) is trying to regain the status it enjoyed in the U.S. in the 1960s by tapping into some nostalgia related to the Beetle and Microbus vehicles, NY Times says [read more]
- Sanofi's (SNY) RSV shot was more popular than expected, resulting in a bumpy rollout, WSJ reports [read more]
- Disney (DIS) has reached a deal with Sony (SONY) under which Sony Pictures Home Entertainment will handle all Disney releases on DVD and Blu-ray, Deadline reports [read more]
4. MOVERS:
- Select Water Solutions (WTTR) higher after reporting quarterly results and provided FY24 guidance [read more]
- Chesapeake (CHK) and Archrock (AROC) increase in New York after reporting quarterly results [read more]
- Teladoc (TDOC) decreases after reporting quarterly results and providing guidance for FY24 and Q1 [read more]
- Matterport (MTTR) and Global-e Online (GLBE) fall in New York after reporting quarterly results [read more]
- AbCellera (ABCL) declines in New York after announcing results for FY23 [read more]
5. EARNINGS/GUIDANCE:
- Toll Brothers (TOL) reported Q1 results, with CEO Douglas Yearley commenting, "We are very pleased with our strong first quarter results" [read more]
- Community Health (CYH) reported Q4, with EPS missing consensus [read more]
- Bausch + Lomb (BLCO) reported Q4 results and provided guidance for FY24 [read more]
- Wingstop (WING) reported Q4 results, with EPS and revenue beating consensus [read more]
- SolarEdge (SEDG) announced Q4 results, with Citi commenting the company underperformed its expectations [read more]
INDEXES:
Near midday, the Dow was down 56.36, or 0.15%, to 38,496.45, the Nasdaq was down 76.19, or 0.49%, to 15,554.60, and the S&P 500 was down 5.82, or 0.12%, to 4,967.22.