<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 16:09pm
What You Missed On Wall Street On Monday

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 

1. STOCK NEWS: 

  • Vaccine maker stocks slid after President Joe Biden called the pandemic "over" in an interview that aired Sunday on "60 Minutes" [more]
  • 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]

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: 

  • Sotera Health (SHC) dropped after a jury awarded $363M to a woman who sued the company, claiming emissions from its plant caused her breast cancer and her son's non-Hodgkin's lymphoma [more]
  • Coeur Mining (CDE) gained after announcing it will sell Crown Sterling to AngloGold (AU) for $150M upfront [more]
  • Kinross Gold (KGC) rose in New York after committing to $300M in share buybacks over the remainder of 2022 [more]
  • GrafTech (EAF) declined after the company stated in a regulatory 8-K filing on Friday that it is suspending operations at its Monterrey, Mexico facility [more]
  • Hudson Pacific (HPP) slid 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) backed its FY23 revenue view and announced long-term targets in conjunction with its investor day [more]

INDEXES: 

The Dow rose 197.26, or 0.64%, to 31,019.68, the Nasdaq gained 86.62, or 0.76%, to 11,535.02, and the S&P 500 advanced 26.56, or 0.69%, to 3,899.89.

dynamic_feed Breaking News