<link rel='stylesheet' href='https//fonts.googleapis.com/css?family=Roboto:400,500,700,400italic|Material+Icons'>
< Back to all Breaking News
TTWO, WIX, KNBE...
9/19/2022 12:09pm
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: 

  • Take-Two Interactive (TTWO) confirmed that Rockstar Games recently experienced a network intrusion that resulted in the leak of early development footage for the next "Grand Theft Auto" game [more]
  • Activist investor Starboard Value disclosed a 9% stake in Wix.com (WIX) [more]
  • KnowBe4 (KNBE) confirmed its receipt of $24 per share takeover proposal from Vista Equity Partners [more]
  • AutoZone (AZO) reported better-than-expected Q4 sales and earnings [more]
  • Vaccine maker stocks slid after President Joe Biden called the pandemic "over" in an interview that aired Sunday on "60 Minutes" [more]


2. WALL STREET CALLS: 

  • Netflix (NFLX) assumed with Outperform from Perform at Oppenheimer [more]
  • Wells Fargo downgrades Adobe (ADBE) to Equal Weight, lowers price target to $310 [more]
  • NCR Corp. (NCR) downgraded to Equal Weight from Overweight at Morgan Stanley [more]
  • Piper Sandler upgrades Array Technologies (ARRY), sees over 55% upside [more]
  • KeyBanc upgraded D.R. Horton (DHI), Lennar (LEN), Meritage Homes (MTH), PulteGroup (PHM) and TopBuild (BLD) to Overweight [more]


3. AROUND THE WEB: 

  • New Apple (AAPL) iPhones have Qualcomm (QCOM) satellite modem, Reuters reports [more]
  • Volkswagen (VWAGY) targets 75B EUR for Porsche (POAHY) IPO valuation, Bloomberg says [more]
  • Defense companies urged to limit use of Chinese supplies, WSJ reports [more]
  • NYC pension funds urge Starbucks (SBUX) to order labor rights audit, Bloomberg reports [more]
  • Big regional banks might face new crisis rules, WJS reports [more]


4. MOVERS: 

  • Coeur Mining (CDE) higher after announcing it will sell Crown Sterling to AngloGold (AU) for $150M upfront [more]
  • Kinross Gold (KGC) rises in New York after committing to $300M in share buybacks over the remainder of 2022 [more]
  • XPeng (XPEV) gains in New York after launching the City Navigation Guided Pilot program [more]
  • GrafTech (EAF) declines after suspending operations at Monterrey, Mexico facility [more]
  • Hudson Pacific (HPP) lower after Citi downgraded the stock to Neutral from Buy [more]


5. EARNINGS/GUIDANCE: 

  • FedEx (FDX), which pre-announced on September 15, plans to provide additional details on its cost initiatives and updated outlook during its upcoming earnings call scheduled for September 22 [more]
  • Costco (COST) also has its conference call to discuss earnings for Q4 scheduled for September 22 [more]
  • Accenture's (ACN) earnings report and initial FY23 revenue guidance coming this week have been called by Jefferies analyst Surinder Thind "arguably the most important data point in IT Services to watch for this month" [more]
  • Ennis (EBF) reported Q2 sales and earnings that were up compared to last year [more]
  • Ralph Lauren (RL) backs FY23 revenue view [more]


INDEXES: 

Near midday, the Dow was down 47.17, or 0.15%, to 30,775.25, the Nasdaq was down 41.25, or 0.36%, to 11,407.16, and the S&P 500 was down 9.24, or 0.24%, to 3,864.09.

dynamic_feed Breaking News