Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Johnson & Johnson (JNJ) agreed to acquire ShockWave Medical (SWAV) for $335 per share in cash [read more]
- GameStop (GME) COO Nir Patel to leave company [read more]
- Procter & Gamble (PG) has recalled 8.2M defective bags of Tide Pods, Gain Flings, Ace Pods, and Ariel Pods [read more]
- Greenbrier (GBX) reported upbeat Q2 results and revised its FY24 revenue guidance [read more]
- Tesla (TSLA) has canceled plans for a low-cost car, Reuters reports [read more]
2. WALL STREET CALLS:
- Piper Sandler upgraded Krispy Kreme (DNUT) to Overweight from Neutral [read more]
- Cinemark (CNK) was double upgraded to Overweight fron Underweight at Wells Fargo [read more]
- Wolfe Research downgraded ShockWave to Peer Perform from Outperform without a price target [read more]
- BofA downgraded Kimco Realty (KIM) to Neutral from Buy [read more]
- Wolfspeed (WOLF) was initiated with a Neutral rating and $30 price target at Mizuho [read more]
3. AROUND THE WEB:
- Samsung (SSNLF) is planning to more than double its semiconductor investment in Texas to approximately $44B, WSJ reports [read more]
- Tesla (TSLA) is boosting compensation for its AI engineering team after OpenAI began "aggressively recruiting Tesla engineers," Bloomberg says [read more]
- Disney (DIS) intends to crack down on password sharing for ist streaming platforms beginning in June, WSJ reports [read more]
- Meta Platforms (META) has pushed back on the U.S. FTC's efforts to amend its 2020 privacy statement, Bloomberg says [read more]
- Skydance's offer to Paramount Global's (PARA) special committee has the company continuing to trade publicly, CNBC reports [read more]
4. MOVERS:
- 2seventy bio (TSVT) increases after the FDA approved Abecma [read more]
- Ocugen (OCGN) higher after the DSMB approved the company to proceed dosing with the medium dose of OCU410 in its Phase 1/2 ArMaDa trial [read more]
- Ardelyx (ARDX) gains after Leerink initiated coverage of the stock with an Outperform rating [read more]
- Atlice USA (ATUS) falls after Wells Fargo downgraded the stock to Underweight [read more]
- Enphase Energy (ENPH) declines after Citi downgraded the stock to Neutral [read more]
5. EARNINGS/GUIDANCE:
- Neogen (NEOG) will report quarterly results on April 9 [read more]
- Byrna Technologies (BYRN) reported Q1 results, with CEO Bryan Ganz commenting, "2024 has gotten off to an extremely strong start" [read more]
- Kura Sushi (KRUS) reported Q2 results and raised its FY24 revenue guidance [read more]
- Movano (MOVE) reported Q4 results, with EPS higher year-over-year [read more]
- Tilray (TLRY) will report quarterly results on April 9 [read more]
INDEXES:
Near midday, the Dow was up 366.81, or 0.95%, to 38,963.79, the Nasdaq was up 245.68, or 1.53%, to 16,294.76, and the S&P 500 was up 65.96, or 1.28%, to 5,213.17.