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:

• Apple (AAPL) previewed its mixed-reality headset to its board, Bloomberg reports [more]
• Microsoft (MSFT) president Brad Smith said the Activision Blizzard (ATVI) deal is proceeding quickly, VGC reports [more]
• Twitter (TWTR) executives told company staff that the deal with Elon Musk is proceeding as planned and is not "on hold," Bloomberg reports [more]
• 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]

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:

The Dow fell 236.94, or 0.75%, to 31,253.13, the Nasdaq lost 29.66, or 0.26%, to 11,388.50, and the S&P 500 declined 22.89, or 0.58%, to 3,900.79.