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]
- Meta Platforms (META) has pushed back on the U.S. FTC's efforts to amend its 2020 privacy statement, Bloomberg says [read more]
- Sapiens (SPNS) is looking into options, including possible sale, Reuters reports [read more]
- Curaleaf (CURLF) is exploring a secondary listing in Europe, FT reports [read more]
- Apple (AAPL) laid off at least 600 workers after ending its car and smartwatch display projects, Bloomberg 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:
The Dow rose 307.06, or 0.80%, to 38,904.04, the Nasdaq gained 199.44, or 1.24%, to 16,248.52, and the S&P 500 advanced 57.13, or 1.11%, to 5,204.34.