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

1. STOCK NEWS:

• Exxon Mobil (XOM) said it is targeting annual capital investments of $20B-$25B through 2027 while Chevron (CVX) announced a 2023 organic capex budget of $14B [more]
• Wolverine (WWW) initiated a workforce reduction and plans to divest its Keds and Leathers businesses [more]
  
• Ciena (CIEN) reported upbeat Q4 results [more]
  
• Rent The Runway (RENT) provided a "beat and raise" report for Q3 [more]
  
• GameStop (GME) reported downbeat Q3 results [more]
  

2. WALL STREET CALLS:

• Baird downgraded Salesforce (CRM) on macro and executive turnover concerns [more]
• Shopify (SHOP) initiated with a Sell rating at UBS [more]
  
• Argus upgraded AT&T (T) to Buy amid a focus on wireless and broadband expansion [more]
  
• UBS upgraded Hershey (HSY) to Buy and downgraded Mondelez (MDLZ) to Neutral [more]
  
• BTIG downgraded Unity (U) and AppLovin (APP) to Neutral from Buy [more]
  

3. AROUND THE WEB:

• Third Point sold its Cano Health (CANO) stake last week, Bloomberg reports [more]
• Glasshouse Research is short Catalent (CTLT), cites "accounting red flags" [more]
  
• Tesla (TSLA) will shorten Shanghai production shifts, Bloomberg says [more]
  
• Amazon (AMZN) is rolling out a TikTok-like feature called Inspire, WSJ reports [more]
  
• Spirit (SAVE) reached an agreement in principle on a new pilot contract, Bloomberg says [more]
  

4. MOVERS:

• Bilibili (BILI) gains in New York after UBS initiated the stock with a Buy rating and HK$250 price target [more]
• Hello Group (MOMO) and HashiCorp (HCP) higher in New York after reporting quarterly results [more]
  
• C3.ai (AI) rises after reporting quarterly results and providing guidance for Q3 [more]
  
• Design Therapeutics (DSGN) declines after reporting data from a single-ascending dose trial of DT-216 [more]
  
• Cutera (CUTR) falls after announcing a $100M notes offering [more]
  

5. EARNINGS/GUIDANCE:

• Sportsman's Warehouse (SPWH) reported upbeat Q3 results [more]
• Express (EXPR) reported downbeat Q3 results [more]
  
• Edwards Lifesciences (EW) reiterated its FY22 outlook [more]
  
• Korn Ferry (KFY) reported upbeat Q2 earnings and revenue [more]
  
• KalVista (KALV) reported better-than-expected Q2 earnings [more]
  

INDEXES:

Near midday, the Dow was up 220.23, or 0.66%, to 33,818.15, the Nasdaq was up 119.49, or 1.09%, to 11,078.05, and the S&P 500 was up 28.93, or 0.74%, to 3,962.85.