Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Walmart (WMT) reported downbeat quarterly results and cut its FY23 earnings guidance [more]
- Home Depot (HD) provided a "beat and raise" report for Q1 [more]
- Berkshire Hathaway (BRK.A) bought shares of Citi (C) and Paramount Global (PARA) in Q1 [more]
- Tesla (TSLA) founder Elon Musk said his takeover of Twitter (TWTR) "cannot move forward" until Twitter CEO Parag Agrawal proves claims on fake accounts [more]
- Take-Two (TTWO) shares are rising even after it reported downbeat Q4 results and provided lower-than-expected FY23 net bookings guidance [more]
2. WALL STREET CALLS:
- AMD (AMD) upgraded to Overweight from Neutral at Piper Sandler [more]
- Workday (WDAY) downgraded to Neutral from Buy at UBS ahead of upcoming Q1 report [more]
- Shake Shack SHAK upgraded to Market Perform at Raymond James [more]
- Molson Coors (TAP) downgraded to Market Perform from Outperform at Bernstein [more]
- Maxar Technologies (MAXR) downgraded to Underperform from Neutral at BofA [more]
3. AROUND THE WEB:
- Q2 Holdings (QTWO) is exploring a sale after receiving interest, Bloomberg reports [more]
- Spruce Point said it is shorting Alpha Metallurgical (AMR) [more]
- Lordstown's (RIDE) ability to stay in business remains in doubt, WSJ reports [more]
- Nestle (NSRGY) air freighted baby formula to the U.S. amid shortage, Bloomberg reports [more]
- TSMC (TSM) intends to raise prices again amid inflation concerns, Nikkei reports [more]
4. MOVERS:
- Nano Dimension (NNDM) higher in New York after initiating an up to $100M share repurchase plan process [more]
- IonQ (IONQ) gains after reporting quarterly results and providing Q2 and FY22 guidance [more]
- Jumia Technologies (JMIA) rose in New York trading after reporting quarterly results [more]
- Annaly Capital (NLY) declines after announcing a 100M share offering [more]
- Nerdy (NRDY) lower after reporting quarterly results and providing Q2 and FY22 guidance [more]
5. EARNINGS/GUIDANCE:
- JD.com (JD) reported upbeat Q1 results [more]
- Global-e (GLBE) reported downbeat Q1 earnings and guidance [more]
- United Airlines (UAL) raised its Q2 TRASM outlook [more]
- Bird Global (BRDS) provided FY22 revenue guidance and said it is taking action to accelerate its path to profitability [more]
- Kamada (KMDA) reaffirmed FY22 revenue guidance [more]
INDEXES:
Near midday, the Dow was up 267.59, or 0.83%, to 32,491.01, the Nasdaq was up 232.89, or 2.00%, to 11,895.68, and the S&P 500 was up 57.73, or 1.44%, to 4,065.74.