Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- After Tesla (TSLA) CEO Elon Musk tweeted yesterday afternoon that he'd found someone new to run Twitter (TWTR), he confirmed this morning that Linda Yaccarino of Comcast's (CMCSA) NBCUniversal will be the new CEO the micro-blogging service [read more]
- Walgreens Boots Alliance (WBA) sold a portion of its shares of AmerisourceBergen (ABC) for $694M [read more]
- First Solar (FSLR) shares jumped after a domestic content ITC adder was called a "substantial positive" for the company [read more]
- News Corp. (NWSA) reported Q3 results that CEO Robert Thomson said "demonstrate the fundamental differences in the character of News Corp compared with other media companies" [read more]
- Spectrum Brands (SPB) resolved a lawsuit with the DOJ regarding the completion of the sale of its Hardware and Home Improvement business to Assa Abloy (ASAZY) [read more]
2. WALL STREET CALLS:
- Wolfe downgraded Disney (DIS) on a "deteriorating" outlook for streaming and linear TV [read more]
- Fox Corp. (FOXA) downgraded to Equal Weight from Overweight at Wells Fargo [read more]
- Nutrien (NTR) upgraded to Outperform from Market Perform at Raymond James [read more]
- Twilio (TWLO) got its third downgrade of the week, with the latest coming from Mizuho [read more]
- SoFi Technologies (SOFI) initiated with a Buy at Truist [read more]
3. AROUND THE WEB:
- Apple (AAPL) to unveil mixed-reality headset in coming weeks, WSJ says [read more]
- Netflix (NFLX) plans to cut spending by $300M this year, WSJ reports [read more]
- Over 2M Toyota (TM) users in Japan face risk of vehicle data leak, Reuters says [read more]
- Lyft (LYFT) ends shared rides, Bloomberg says [read more]
- UBS (UBS) prioritizes integration of Credit Suisse (CS) investment bank, FT says [read more]
4. MOVERS:
- ARS Pharmaceuticals (SPRY) higher after an FDA panel voted in support of a favorable profile for neffy in the treatment of severe allergic reaction [read more]
- Arlo Technologies (ARLO) rises after reporting quarterly results [read more]
- Nextracker (NXT) up after BofA and Northland raised their price targets on the stock [read more]
- Immunity Bio (IBRX) slides after Piper Sandler downgraded the stock [read more]
- Solo Brands (DTC) lower after announcing a 11.3M share offering [read more]
5. EARNINGS/GUIDANCE:
- AirSculpt Technologies (AIRS) reported Q1 results that beat consensus and reaffirmed its FY23 revenue outlook [read more]
- Spectrum Brands (SPB) cut its FY23 revenue growth view after reporting Q1 results [read more]
- Gencor Industries (GENC) delivered Q2 results in what President Marc Elliott called "another successful quarter" [read more]
- Real Good Foods (RGF) announced its Q1 results, provided guidance for FY23, and maintained its long-term guidance [read more]
- Blue Bird (BLBD) reported Q1 EPS and revenue that beat consensus [read more]
INDEXES:
Near midday, the Dow was down 86.55, or 0.26%, to 33,222.96, the Nasdaq was down 58.84, or 0.48%, to 12,269.67, and the S&P 500 was down 14.19, or 0.34%, to 4,116.43.
