Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Baidu (BIDU) and ByteDance launched their AI chatbots to the public, FT reports [read more]
- The Federal Reserve raised risk and compliance concerns over Goldman Sachs' (GS) collaborations with financial technology firms, FT says [read more]
- Investment firm sues Disney (DIS) over scheme to hide streaming losses, NY Post reports [read more]
- Petrobras (PBR) told Reuters it intends to create a Chinese subsidiary [read more]
- The U.S. will provide up to $12B for EV auto plant retrofitting, Bloomberg reports [read more]
4. MOVERS:
- Microvast (MVST) higher after Janney Montgomery Scott initiated coverage of the stock with a Buy rating [read more]
- Intel (INTC) rises after saying it is tracking above the midpoint of its Q3 guidance [read more]
- Ke Holdings (BEKE) increases in New York after reporting quarterly results [read more]
- Pure Storage (PSTG) falls after reporting quarterly results [read more]
- Gaotu Techedu (GOTU) lower in New York after CLSA downgraded the stock to Underperform [read more]
5. EARNINGS/GUIDANCE:
- Chewy (CHWY) reported Q2 results, provided guidance for Q3, and backed its outlook for FY23 [read more]
- Victoria's Secret (VSCO) provided Q2 results, with Wells Fargo commenting the "uncertainty" on the company's ability to execute a turnaround is "mounting" and the stock's valuation "should continue to erode" [read more]
- Dollar General (DG) announced Q2 results, with CEO Jeff Owen commenting "While we are not satisfied with our overall financial results, we made significant progress in the second quarter improving execution in our supply chain and our stores" [read more]
- Campbell Soup (CPB) reported Q4 results, with CEO Mark Clouse commenting "we delivered a strong fiscal 2023" [read more]
- Ciena (CIEN) reported Q3 EPS and revenue that beat consensus [read more]
INDEXES:
The Dow fell 168.33, or 0.48%, to 34,721.91, the Nasdaq gained 15.66, or 0.11%, to 14,034.97, and the S&P 500 declined 7.21, or 0.16%, to 4,507.66.