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JKHY, CVNA, CSCO...
8/18/2022 11:08am
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 upbeat Q4 results and provided FY23 guidance [more]
  • Ryan Cohen's RC Ventures filed to sell its Bed Bath & Beyond (BBBY) stake [more]
  • Kohl's (KSS) reported better-than-expected Q2 results [more]
  • Tapestry (TPR) reported mixed Q4 results and provided FY23 guidance [more]
  • Bath & Body Works (BBWI) reported better-than-expected Q2 results [more]

2. WALL STREET CALLS:

  • First Solar (FSLR) was upgraded to Equal Weight from Underweight at Morgan Stanley [more]
  • BofA upgraded Radian Group (RDN) to Neutral after the company's 'impressive' Q2 capital return [more]
  • Krispy Kreme (DNUT) was downgraded to In Line at Evercore ISI on consumer headwinds [more]
  • DA Davidson cut Jack Henry (JKHY) to Neutral on lower margins and valuation [more]
  • Argus starts Carvana (CVNA) at Hold, sees the stock as fairly valued [more]

3. AROUND THE WEB:

  • Tesla (TSLA) is seeking help from the Chinese government in securing power to suppliers, Bloomberg reports [more]
  • The WWE (WWE) board found that Vince McMahon gave $5M in unrecorded expenses to Donald Trump's charity, WSJ reports [more]
  • Lululemon (LULU) workers in Washington, D.C. have withdrawn a bid for a union vote, Bloomberg reports [more]
  • Apollo (APO) is in talks to acquire a minority stake in Manchester United (MANU), Daily Mail reports [more]
  • Snap (SNAP) has ended development of its flying selfie 'Pixy' drone, WSJ says [more]

4. MOVERS:

  • Cassava (SAVA) increases after announcing the JPAD found no evidence of data manipulation in its simufilam publication [more]
  • Canadian Solar (CSIQ) gains in New York after reporting quarterly results [more]
  • WeTrade (WETG) rises in New York after entering a sales promotion partnership with Zhixun Biotechnology [more]
  • NetEase (NTES) lower in New York after reporting quarterly results [more]
  • Orchid Island (ORC) falls after announcing a 1-for-5 reverse stock split [more]

5. EARNINGS/GUIDANCE:

  • Keysight Technologies (KEYS) reported upbeat Q3 results [more]
  • BJ's Wholesale (BJ) provided "beat and raise" report for Q2 [more]
  • Estee Lauder (EL) reported upbeat Q4 results [more]
  • Synopsys (SNPS) provided "beat and raise" report for Q3 [more]
  • Wolfspeed (WOLF) reported upbeat Q4 earnings and revenue [more]

INDEXES:

Near midday, the Dow was up 8.24, or 0.024%, to 33,988.56, the Nasdaq was up 54.07, or 0.42%, to 12,992.19, and the S&P 500 was up 11.64, or 0.27%, to 4,285.68.

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