Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Blackstone (BX) reported better-than-expected Q1 earnings and revenue [read more]
- Discover (DFS) reported downbeat Q1 results [read more]
- Las Vegas Sands (LVS) reported upbeat Q1 earnings and revenue, with CEO Robert Goldstein saying he is "pleased" with the report [read more]
- Northrop Grumman (NOC) is working with Elon Musk's SpaceX on a U.S. spy satellite system, Reuters reports [read more]
- The Bear Cave issued a cautious report on Primerica (PRI) [read more]
2. WALL STREET CALLS:
- Deutsche Bank downgraded Tesla (TSLA) on "thesis-changing" shift to Robotaxi [read more]
- Morgan Stanley double upgraded eBay (EBAY) to Overweight from Underweight [read more]
- Meanwhile, Morgan Stanley downgraded Etsy (ETSY) to Underweight [read more]
- Zoom Video (ZM) was upgraded at Rosenblatt on refocused strategy, product momentum [read more]
- Wolfe Research downgraded Williams (WMB) to Underperform with a $34 price target [read more]
3. AROUND THE WEB:
- Azul's (AZUL) pursuit of a merger with Gol Linhas has gained momentum, Bloomberg reports [read more]
- Microsoft's (MSFT) Activision is dropping team entry fees for its professional Call of Duty League, Bloomberg reports [read more]
- Micron (MU) is set to receive over $6B in grants from the U.S. Commerce Department, Bloomberg says [read more]
- Amazon's (AMZN) Big River Services International is a division that gathers intelligence on the company's competitors, WSJ reports [read more]
- Google (GOOGL) fired 28 employees involved in protests against its contract with Israel, NY Times reports [read more]
4. MOVERS:
5. EARNINGS/GUIDANCE:
- D.R. Horton (DHI) reported Q2 results and raised its FY24 guidance [read more]
- Ally Financial (ALLY) reported Q1 results, with CEO Doug Timmerman commenting, "Ally's financial and operating results in Q1 reflect the strength and scale of our market leading franchises" [read more]
- Genuine Parts (GPC) reported Q1 results and raised its FY24 guidance [read more]
- Elevance Health (ELV) reported Q1 results, with EPS beating consensus [read more]
- Alcoa (AA) reported Q1 results and reaffirmed its FY24 outlook [read more]
INDEXES:
Near midday, the Dow was up 230.14, or 0.61%, to 37,983.45, the Nasdaq was up 67.89, or 0.43%, to 15,751.26, and the S&P 500 was up 23.54, or 0.47%, to 5,045.75.