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JBLU, SAVE, MCD...
5/16/2022 16:05pm
What You Missed On Wall Street On Monday

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

1. STOCK NEWS:

  • JetBlue (JBLU) announced a new $30 per share offer to acquire Spirit Airlines (SAVE) [more]
  • McDonald's (MCD) said it will exit the Russian market and expects a $1.2B-$1.4B charge from the move [more]
  • Carlyle (CG) agreed to acquire ManTech (MANT) for $96 per share [more]
  • Digital World Acquisition (DWAC) expects the Trump Media combination to close in the second half of the year [more]
  • GameStop (GME) has named Nir Patel as its COO [more]

2. WALL STREET CALLS:

  • Wedbush sees Netflix (NFLX) positioned to exceed Q2 guidance, upgrades to Outperform [more]
  • Trade Desk (TTD) upgraded to Buy at Stifel as Netflix gets ready to add ads [more]
  • Piper upgrades SoFi (SOFI) to Overweight ahead of "significant" earnings ramp [more]
  • Humacyte (HUMA) downgraded to Underweight from Overweight at Piper Sandler [more]
  • Alibaba (BABA) raised to Overweight from Underweight at JPMorgan among bevy of Chinese internet stock upgrades [more]

3. AROUND THE WEB:

  • Netflix (NFLX) is exploring live streaming for unscripted series, Deadline reports [more]
  • Tesla (TSLA) has delayed a plan to boost Shanghai output to pre-lockdown levels, Reuters reports [more]
  • Rivian (RIVN) sued Commercial Vehicle Group (CVGI) over seat prices, WSJ reports [more]
  • Elon Musk said a Twitter (TWTR) deal at a lower price is "not out of the question" , Bloomberg reports [more]
  • India's Byju is eyeing Chegg (CHGG) or 2U (TWOU) for a potential acquisition, Bloomberg says [more]

4. MOVERS:

  • Griffon (GFF) higher after announcing its board of directors have initiated a process to review strategic alternatives, including a sale, merger, or other strategic transaction [more]
  • Rattler Midstream (RTLR) gains after announcing Diamondback Energy (FANG) will acquire publicly held units of the company [more]
  • WideOpenWest (WOW) increases after Bloomberg reported that Morgan Stanley's (MS) investment arm is in talks to buy WideOpenWest [more]
  • Chimerix (CMRX) declines after reporting quarterly results, announcing Emergent BioSolutions (EBS) will acquire the company’s worldwide rights to TEMBEXA and stating it terminated its DSTAT development program [more]
  • Twilio (TWLO) lower after Baird analyst William Power downgraded the stock to Neutral from Outperform with a price target of $120, down from $155 [more]

5. EARNINGS/GUIDANCE:

  • Warby Parker (WRBY) reported downbeat Q1 results [more]
  • Clear Secure (YOU) reported upbeat Q1 results and announced a $100M stock buyback [more]
  • Monday.com (MNDY) provided a "beat and raise" report for Q1 [more]
  • LogicBio (LOGC) reported upbeat Q1 earnings [more]
  • Impel NeuroPharma (IMPL) reported downbeat Q1 earnings and revenue [more]

INDEXES:

The Dow rose 26.76, or 0.083%, to 32,223.42, the Nasdaq lost 142.21, or 1.20%, to 11,662.79, and the S&P 500 declined 15.88, or 0.39%, to 4,008.01.

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