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CSCO, UA, UAA...
5/19/2022 12:05pm
What You Missed On Wall Street This Morning

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


1. STOCK NEWS: 

  • Cisco (CSCO) reported downbeat Q3 revenue and cut its FY22 earnings and revenue guidance [more]
  • Under Armour (UAA) CEO Patrik Frisk will step down, with Colin Browne named interim CEO [more]
  • Kohl's (KSS) reported downbeat Q1 earnings and cut its FY22 outlook [more]
  • Spirit Airlines (SAVE) is urging stockholders to reject JetBlue's (JBLU) tender offer [more]
  • McDonald's (MCD) agreed to sell its Russian business to current licensee Alexander Govor [more]


2. WALL STREET CALLS: 

  • Citi downgraded Norfolk Southern (NSC), Union Pacific (UNP) and CSX (CSX) to Neutral from Buy on near-term risks [more]
  • DA Davidson downgraded Thor Industries (THO) to Underperform [more]
  • Morgan Stanley downgraded Under Armour (UAA) to Equal Weight following CEO's exit [more]
  • BMO Capital upgraded Public Storage (PSA) to Outperform, citing a view of storage as "defensive" amid macro uncertainty [more]
  • Bank of America downgraded Physicians Realty Trust (DOC) to Underperform [more]


3. AROUND THE WEB: 

  • ZoomInfo (ZI) consumer complaints highlighted in Bear Cave short report [more]
  • MicroStrategy (MSTR) CFO Andrew Kang said the company won't change its bitcoin plans, WSJ reports [more]
  • Joby Aviation (JOBY) has acquired Avionyx, TechCrunch reports [more]
  • The NHTSA is investigating a fatal crash in California involving a Tesla (TSLA) vehicle, Reuters reports [more]
  • Investors have rebuked two dozen U.S. companies over executive pay, WSJ says [more]


4. MOVERS: 

  • Siga Technologies (SIGA) higher after receiving FDA approval for IV formulation of TPOXX [more]
  • GDS Holdings (GDS) gains in New York after reporting quarterly results and after reaffirming FY22 guidance [more]
  • Alamos Gold (AGI) increases in New York after entering an automatic share repurchase plan [more]
  • Harley-Davidson (HOG) declines after suspending vehicle assembly and shipments for a two-week period [more]
  • Centennial Resource Development (CDEV) lower after announcing it has entered into an agreement to combine in a merger of equals transaction with Colgate Energy [more]


5. EARNINGS/GUIDANCE: 

  • Bath & Body Works (BBWI) reported upbeat quarterly results but cut its FY22 earnings guidance [more]
  • Children's Place (PLCE) reported downbeat Q1 earnings and revenue [more]
  • BJ's Wholesale (BJ) reported better-than-expected Q1 results [more]
  • Canada Goose (GOOS) reported a year-over-year increase in Q4 earnings and revenue [more]
  • Grab Holdings (GRAB) reported upbeat Q1 results [more]


INDEXES: 

Near midday, the Dow was down 153.60, or 0.49%, to 31,336.47, the Nasdaq was up 114.12, or 1.00%, to 11,532.27, and the S&P 500 was up 3.02, or 0.08%, to 3,926.70.

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