Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Blackstone (BX) reported better-than-expected Q1 earnings and revenue [read more]
- Discover (DFS) reported downbeat Q1 results [read more]
- Las Vegas Sands (LVS) reported upbeat Q1 earnings and revenue, with CEO Robert Goldstein saying he is "pleased" with the report [read more]
- Northrop Grumman (NOC) is working with Elon Musk's SpaceX on a U.S. spy satellite system, Reuters reports [read more]
- The Bear Cave issued a cautious report on Primerica (PRI), to which Primerica responded that the blog post was "misleading" [read more]
2. WALL STREET CALLS:
- Deutsche Bank downgraded Tesla (TSLA) on "thesis-changing" shift to Robotaxi [read more]
- Morgan Stanley double upgraded eBay (EBAY) to Overweight from Underweight [read more]
- Meanwhile, Morgan Stanley downgraded Etsy (ETSY) to Underweight [read more]
- Zoom Video (ZM) was upgraded at Rosenblatt on refocused strategy, product momentum [read more]
- Wolfe Research downgraded Williams (WMB) to Underperform with a $34 price target [read more]
3. AROUND THE WEB:
- Micron (MU) is set to receive over $6B in grants from the U.S. Commerce Department, Bloomberg says [read more]
- Amazon's (AMZN) Big River Services International is a division that gathers intelligence on the company's competitors, WSJ reports [read more]
- The EU may investigate Microsoft's (MSFT) $13B investment in OpenAI, Reuters reports [read more]
- Bentley Systems (BSY) is exploring a sale after receiving interest, Reuters says [read more]
- Palantir (PLTR) is pitching ad agencies on utilizing AI technology, Marketing Brew reports [read more]
4. MOVERS:
- Nokia (NOK) higher in New York after reporting Q1 results [read more]
- Jetblue (JBLU) gains after JPMorgan upgraded the stock to Neutral [read more]
- Lithium Americas (LAC) lower in New York after announcing a 55M share offering [read more]
- Ocular Therapeutix (OCUL) falls after announcing results from its Phase 1 trial of AXPAXLI [read more]
- Synovus (SNV) declines after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- D.R. Horton (DHI) reported Q2 results and raised its FY24 guidance [read more]
- Ally Financial (ALLY) reported Q1 results, with CEO Doug Timmerman commenting, "Ally's financial and operating results in Q1 reflect the strength and scale of our market leading franchises" [read more]
- Genuine Parts (GPC) reported Q1 results and raised its FY24 guidance [read more]
- Elevance Health (ELV) reported Q1 results, with EPS beating consensus [read more]
- Alcoa (AA) reported Q1 results and reaffirmed its FY24 outlook [read more]
INDEXES:
The Dow rose 22.07, or 0.058%, to 37,775.38, the Nasdaq lost 81.87, or 0.52%, to 15,601.50, and the S&P 500 declined 11.09, or 0.22%, to 5,011.12.