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TSLA, ZEN, FIVE...
6/9/2022 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:
- Zendesk (ZEN) will remain an independent company following a strategic review [more]
- Five Below (FIVE) reported mixed Q1 results and FY22 guidance was lowered [more]
- Target (TGT) raised its quarterly dividend 20% to $1.08 per share [more]
- Meta Platforms (META) has started trading under the symbol 'META' [more]
- Nio (NIO) reported ubpeat Q1 results, but gave a Q2 outlook below expectations [more]
2. WALL STREET CALLS:
- Tesla (TSLA) upgraded to Buy from Neutral at UBS [more]
- Take-Two (TTWO) reinstated with Overweight from Neutral at JPMorgan [more]
- Scotts Miracle-Gro (SMG) downgraded to Neutral from Overweight at JPMorgan [more]
- Loop Capital cuts Honest Company (HNST) to Hold amid pressure reported in mass retail [more]
- Deere (DE) initiated with a Market Perform at Cowen [more]
3. AROUND THE WEB:
- Clean Energy (CLNE) has been speculated as a possible activist target by Activist Insight [more]
- Jehoshaphat Research is short Ameresco (AMRC), sees over 70% downside [more]
- An FDA decision on Novavax's (NVAX) COVID-19 vaccine could be delayed, CNBC reports [more]
- Didi (DIDI) will end trading on NYSE on June 10, Nikkei reports [more]
- Apple (AAPL) is using a subsidiary for its lending service, sidelining Goldman Sachs (GS), FT reports [more]
4. MOVERS:
- NXP Semiconductors (NXPI) rises after the Asian Tech Press blog claimed that Samsung (SSNLF) is reportedly interested in a takeover [more]
- Yext (YEXT) gains after reporting upbeat Q1 results and providing Q2 and FY23 guidance [more]
- Oxford Industries (OXM) and Couchbase (BASE) higher after also reporting quarterly results [more]
- Blueprint Medicines (BPMC) falls after providing updates on the AYVAKIT/AYVAKYT program in systemic mastocytosis [more]
- Skillsoft (SKIL) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Signet Jewelers (SIG) reported better-than-expected Q1 earnings [more]
- FuelCell (FCEL) reported downbeat Q2 results [more]
- Rayonier Advanced Materials (RYAM) updated its FY22 adjusted EBITDA guidance [more]
- CVS Health (CVS) backed its FY22 adjusted earnings guidance [more]
- Bilibili (BILI) reported mixed Q1 results [more]
INDEXES:
Near midday, the Dow was down 121.53, or 0.37%, to 32,789.37, the Nasdaq was down 60.66, or 0.50%, to 12,025.62, and the S&P 500 was down 18.61, or 0.45%, to 4,097.16.