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 pulled back based on guidance and a shift in selling strategy [read more]
- WW (WW) hit a 52-week low after a report on Ozempic hype house backlash [read more]
- According to minutes from the last Federal Reserve meeting, FOMC members said that demand may be stronger than currently assessed [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 (AMPL) 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]
- 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]
- Amazon (AMZN) will pay a record $120M to stream an NFL playoff game, Front Office Sports reports [read more]
- Boeing (BA) shuffled leadership and replaced the head of the 737 MAX program, Seattle Times says [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:
The Dow rose 48.44, or 0.13%, to 38,612.24, the Nasdaq lost 49.91, or 0.32%, to 15,580.87, and the S&P 500 advanced 6.29, or 0.13%, to 4,981.80.