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AAPL, JBLU, SAVE...
6/6/2022 12:06pm
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: 

  • Investors have their eyes on Apple (AAPL) ahead of the tech giant's WWDC keynote event Monday [more]
  • JetBlue (JBLU) improved its offer to acquire Spirit Airlines (SAVE) [more]
  • Tesla (TSLA) founder Elon Musk accused Twitter (TWTR) of "actively resisting and thwarting" his information rights related to his offer to buy the social media network operator [more]
  • Starbucks (SBUX) affirmed plans to name a new CEO in the fall and the Board has agreed with interim CEO Howard Schultz that he will remain in that role through the first fiscal quarter of 2023 [more]
  • China will complete its Didi (DIDI) probe and lift a ban on adding new users, WSJ reports [more]


2. WALL STREET CALLS: 

  • Raymond James upgrades Spotify (SPOT) to buy with bad news seen as priced in [more]
  • Crowdstrike (CRWD) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
  • Edward Jones upgraded American Express (AXP) to Buy from Hold [more]
  • L.B. Foster (FSTR) downgraded to Neutral on inflation headwinds at B. Riley [more]
  • Raymond James initiated coverage of DoorDash (DASH) with a Market Perform rating [more]


3. AROUND THE WEB: 

  • The White House plans to wave some solar panel tariffs for 24 months, Reuters reports [more]
  • Q2 Holdings (QTWO) is currently not pursuing a sale amid low bids, Barron's says [more]
  • Google (GOOG) has been ordered to pay Australia's Barilaro over YouTube videos, Reuters reports [more]
  • Abbott (ABT) resumes production in Michigan, though the formula shortage will continue, WSJ reports [more]
  • Nio (NIO) is looking to hire professionals to build a U.S. plant, DigiTimes reports [more]


4. MOVERS: 

  • Shoals Technologies (SHLS) and Array Technologies (ARRY) higher after President Biden announced executive action on clean energy technologies [more]
  • FuelCell (FCEL) rises after entering a collaboration with TuNur [more]
  • Praxis Precision Medicines (PRAX) falls after announcing its Aria Study did not achieve statistical significance on the primary endpoint [more]
  • Veru (VERU) lower after presenting final results from Phase 1b/2 study of sabizabulin [more]
  • SailPoint (SAIL) declines after Thoma Bravo cut the price in its deal to buy Anaplan (PLAN) [more]


5. EARNINGS/GUIDANCE: 

  • Parks Hotels & Resorts (PK) raised its Q2 earnings guidance [more]
  • SAIC (SAIC) provided a "beat and raise" report for Q1 [more]
  • SRAX (SRAX) reported mixed Q4 results [more]
  • Aspen Aerogels (ASPN) cut its FY22 earnings guidance [more]
  • Essex Property Trust (ESS) raised its Q2 and FY22 FFO guidance [more]


INDEXES: 

Near midday, the Dow was up 52.17, or 0.16%, to 32,951.87, the Nasdaq was up 41.44, or 0.34%, to 12,054.18, and the S&P 500 was up 15.57, or 0.38%, to 4,124.11.

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