Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Activision Blizzard (ATVI) said its takeover by Microsoft (MSFT) has been completed [read more]
- JPMorgan (JPM) reported upbeat Q3 earnings but lower-than-expected Q3 revenue [read more]
- Citi (C) reported upbeat Q3 results and provided FY23 revenue guidance [read more]
- Wells Fargo (WFC) reported better-than-expected Q3 earnings and revenue [read more]
- UAW president Shawn Fain said that the union is sparing the Detroit Three car makers from further strikes at this time [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Qualcomm (QCOM) is laying off approximately 1,258 positions in two of its California offices, CNBC reports [read more]
- California Attorney General Rob Bonta said he is concerned about Kroger's (KR) proposed deal to buy Albertsons (ACI) and may sue to stop it, Reuters reports [read more]
- Caltech has settled a patent lawsuit against Apple (AAPL) and Broadcom (AVGO), Reuters reports [read more]
- Aramco is exploring a potential bid for Shell's (SHEL) assets in Pakistan, Bloomberg reports [read more]
- Best Buy (BBY) plans to end DVD and Blu-ray disc sales in early 2024, Variety reports [read more]
4. MOVERS:
- SunOpta (STKL) rises after announcing Nature's Touch has acquired certain assets of the company's frozen fruit operations, Sunrise Growers [read more]
- Groupon (GRPN) gains after Roth MKM initiated coverage of the stock with a Buy rating [read more]
- Vertex Energy (VTNR) higher after providing an operational update for Q3 [read more]
- T2 Systems (TTOO) declines after reporting preliminary Q3 results [read more]
- SGH (SGH) falls after reporting Q4 EPS and revenue that missed consensus [read more]
5. EARNINGS/GUIDANCE:
- UnitedHealth (UNH) provided a "beat and raise" report for Q3 [read more]
- Dollar General (DG) cut its FY23 outlook [read more]
- Outset Medical (OM) announced preliminary Q3 results, with CEO Leslie Trigg commenting, "growth in the quarter was dampened by a larger-than-expected impact in the field from the recent FDA warning letter, and early signs of a more cautious outlook on capital spending [read more]
- Progressive (PGR) reported results for Q3 and September [read more]
- PNC Financial (PNC) reported Q3 EPS higher that beat consensus [read more]
INDEXES:
The Dow rose 39.15, or 0.12%, to 33,670.29, the Nasdaq lost 166.99, or 1.23%, to 13,407.23, and the S&P 500 declined 21.83, or 0.50%, to 4,327.78.