Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 

1. STOCK NEWS: 

• Pfizer (PFE) reported better-than-expected Q1 earnings and revenue, but cut its FY22 adjusted EPS view [more]
• Biogen (BIIB) reported lower-than-expected Q1 earnings that were negatively impacted by an inventory write-off for its Alzheimer's Disease drug Aduhelm [more]
  
• Activist investor Elliott Investment Management is urging Western Digital (WDC) to conduct a strategic review of the value that could be created by separating its hard disk drives and NAND flash memory businesses [more]
  
• Paramount (PARA) reported Q1 results and said its global streaming subscriber count grew 6.3M in the quarter [more]
  
• Estee Lauder (EL) is lower after its Q3 report and FY22 guidance cut [more]
  

2. WALL STREET CALLS: 

• Piper Sandler downgraded Kellogg (K) and Tyson Foods (TSN) to Underweight from Neutral [more]
• Oppenheimer upgraded JPMorgan (JPM) and Morgan Stanley (MS) to Outperform from Perform [more]
  
• Carvana (CVNA) downgraded to Equal Weight from Overweight at Wells Fargo [more]
  
• DocuSign (DOCU) downgraded to Underperform from Neutral at Wedbush [more]
  
• Nvidia (NVDA) resumed with an Equal Weight at Morgan Stanley [more]
  

3. AROUND THE WEB: 

• Welltower (WELL) remains interested in bid for Healthcare Realty Trust (HR), WSJ reports [more]
• Apple (AAPL) supplier Foxconn (HNHPF) to ramp hiring for iPhone 14 models earlier than usual, MacRumors says [more]
  
• Shanghai helped Tesla (TSLA) in moves to reopen factory, Reuters reports [more]
  
• PayPal (PYPL) helped start EU antitrust complaint against Apple, Bloomberg reports [more]
  
• IonQ (IONQ) sinks after Scorpion calls sales 'fictitious' in short report [more]
  

4. MOVERS: 

• Enovix (ENVX) higher after announcing it has received an initial order for its smartwatch battery from a consumer electronics company [more]
• New Residential Investment (NRZ) and BP (BP) rise in New York after reporting quarterly results [more]
  
• Matterport (MTTR) declines after Wedbush downgraded the stock to Neutral from Outperform [more]
  
• Hayward (HAYW) lower after pricing a 24M share secondary offering at $14.50 per share [more]
  
• Rockwell Automation (ROK) and Sabre (SABR) fall after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Chegg (CHGG) plunged and was downgraded by at least three Wall Street firms after management reduced guidance along with its Q1 report [more]
• MGM Resorts (MGM) reported what CBRE analyst John DeCree said were "solid" results in Q1 [more]
  
• William Blair and Raymond James downgraded EverQuote (EVER) following the company's Q1 report [more]
  
• Logitech (LOGI) is sliding after the company's Q4 earnings miss and FY23 guidance cut [more]
  
• Molson Coors (TAP) reported a better than expected start of the year and backed its targets for full year 2022 [more]
  

INDEXES: 

Near midday, the Dow was up 228.82, or 0.69%, to 33,290.32, the Nasdaq was up 66.21, or 0.53%, to 12,602.23, and the S&P 500 was up 39.93, or 0.96%, to 4,195.31.