Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- UnitedHealth (UNH) reported better-than-expected Q1 results and backed its FY24 adjusted EPS view [read more]
- Johnson & Johnson (JNJ) reported what its CEO said was a "solid first quarter performance" and raised its quarterly dividend 4.2% [read more]
- Bank of America (BAC) reported what CEO Brian Moynihan called "a strong quarter" [read more]
- Morgan Stanley (MS) reported better-than-expected Q1 results as CEO Ted Pick called out "strong net new asset growth" [read more]
- The Wall Street Journal and Bloomberg each have reported that the Department of Justice is preparing to bring a lawsuit against Live Nation (LYV) as soon as next month [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Mondelez (MDLZ) is set to be fined by the European Commission for blocking cross-border sales, FT reports [read more]
- Microsoft (MSFT) to invest $1.5B in group G42, FT reports [read more]
- Tesla's (TSLA) cheaper EV, codenamed NV9, is "effectively scratched," Electrek says [read more]
- Meta's (META) Instagram is pitching influencers a program that relies on artificial intelligence to interact with fans, NY Times reports [read more]
- Boeing (BA) told reporters its tests found "zero" evidence of whistleblower's claimed stress in carbon fiber composites, FT reports[read more]
4. MOVERS:
- WiSA Technologies (WISA) higher after its subsidiary executed a five-year WiSA E licensing agreement [read more]
- Intra-Cellular (ITCI) gains after announcing Phase 3 results from its Study 501 [read more]
- Cullinan Oncology (CGEM) rises after announcing a strategic expansion into autoimmune diseases [read more]
- Barrick Gold (GOLD) falls in New York after reporting preliminary Q1 results [read more]
- ArcelorMittal (MT) declines in New York after Deutsche Bank downgraded the stock to Hold [read more]
5. EARNINGS/GUIDANCE:
- PNC Financial (PNC) reported Q1 results and provided guidance for FY24 [read more]
- Northern Trust (NTRS) reported Q1 results, with EPS missing consensus [read more]
- PacBio (PACB) provided preliminary Q1 results and provided guidance for FY24 [read more]
- Commerce Bancshares (CBSH) reported Q1 results, with CEO John Kemper commenting, "Commerce delivered a strong financial performance for the first quarter" [read more]
- BNY Mellon (BK) announced Q1 results, with EPS and revenue beating consensus [read more]
INDEXES:
Near midday, the Dow was up 152.35, or 0.40%, to 37,887.46, the Nasdaq was down 6.35, or 0.01%, to 15,878.67, and the S&P 500 was down 2.04, or 0.04%, to 5,059.78.