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WMT, HD, BRK.A...
5/17/2022 16:05pm
What You Missed On Wall Street On Tuesday
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Walmart (WMT) reported lower-than-expected earnings and cut its FY23 profit 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]
- Voya Financial (VOYA) and Allianz (ALIZY) announced plans to enter into a long-term strategic partnership [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]
- Apple (AAPL) delayed a plan to have employees in the office three days a week, Bloomberg reports [more]
- Flight data indicates that someone intentionally crashed a China Eastern (CEA) flight on a Boeing (BA) 737-800 earlier this year, WSJ 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:
- Take-Two (TTWO) reported downbeat Q4 results and provided lower-than-expected FY23 net bookings guidance [more]
- Heska (HSKA) provided revenue guidance for 2023 and 2024 [more]
- JD.com (JD) reported upbeat Q1 results [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]
INDEXES:
The Dow rose 431.17, or 1.34%, to 32,654.59, the Nasdaq gained 321.73, or 2.76%, to 11,984.52, and the S&P 500 advanced 80.84, or 2.02%, to 4,088.85.
