Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Constellation Brands (STZ) reported upbeat Q4 results and provided 2025 earnings guidance [read more]
- CarMax (KMX) reported lower-than-expected Q4 earnings and revenue [read more]
- Costco (COST) reported March comparable sales rose 7.7% year-over-year and raised its quarterly dividend [read more]
- Vertex (VRTX) will acquire Alpine Immune (ALPN) for $65 per share [read more]
- An appeals court has affirmed a ruling in the Bausch Health (BHC) and Norwich patent fight [read more]
2. WALL STREET CALLS:
- MoffettNathanson upgraded DoorDash (DASH) to Buy [read more]
- Needham downgraded Airbnb (ABNB) to Hold as the analyst believes the market has an overly optimistic view on Airbnb's potential to leverage AI, while Benchmark last night initiated coverage of the stock with a Buy rating [read more]
- Nike (NKE) upgraded to Buy at BofA with expectations rebased [read more]
- Robinhood (HOOD) downgraded to Sell from Neutral at Citi [read more]
- Chevron (CVX) upgraded to Outperform at Scotiabank as the firm shook up its major oil ratings [read more]
3. AROUND THE WEB:
- Moderna (MRNA) pauses its efforts to build a vaccine plant in Kenya, FT says [read more]
- The Department of Justice has opened a formal antitrust probe into Nippon Steel's (NPSCY) $1.4B deal to buy U.S. Steel (X), Politico reports [read more]
- Skydance Media will meet with Paramount (PARA) management and begin due diligence on the company next week, CNBC reports [read more]
- Morgan Stanley's (MS) wealth unit is being probed by multiple federal regulators, WSJ reports [read more]
- Apple (AAPL) plans to revamp its Mac line with AI-focused M4 chips, Bloomberg reports [read more]
4. MOVERS:
- Enliven (ELVN) higher after announcing proof of concept data from its Phase 1 trial evaluating ELVN-001 [read more]
- Rocket Lab (RKLB) increases after being selected for a $32M U.S. Space Force Space Systems Command contract [read more]
- AstraZeneca (AZN) gains in New York after increasing its 2024 dividend by 7% [read more]
- Globe Life (GL) falls after Fuzzy Panda issued a short report on the stock [read more]
- Ginkgo Bioworks (DNA) declines after acquiring AgBiome's platform assets [read more]
5. EARNINGS/GUIDANCE:
- Fastenal (FAST) reported Q1 results, with EPS and revenue missing consensus [read more]
- Rent The Runway (RENT) reported Q4 results and provided guidance for Q1 and FY24 [read more]
- Lovesac (LOVE) reported Q4 results and provided guidance for FY25, with CEO Shawn Nelson commenting, "Lovesac delivered market leading fiscal fourth quarter and full year 2024 sales performances" [read more]
- Conn's (CONN) reported Q4 results, with EPS and revenue higher year-over-year [read more]
- Avita Medical (RCEL) cut its Q1 commercial revenue view [read more]
INDEXES:
The Dow fell 2.43, or 0.0063%, to 38,459.08, the Nasdaq gained 271.84, or 1.68%, to 16,442.20, and the S&P 500 advanced 38.42, or 0.74%, to 5,199.06.