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LUV, TSLA, NIO...
12/27/2022 16:12pm
What You Missed On Wall Street On Tuesday

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


1. STOCK NEWS: 

  • Southwest (LUV) plans to operate roughly one third of its typical schedule for the "next several days" as the Department of Transportation examines the airline's cancellations [more]
  • Tesla (TSLA) shares slid following reports of suspended Shanghai output that the automaker told Global Times were "inaccurate" [more]
  • Nio (NIO) falls after cutting Q4 production outlook on COVID outbreak [more]
  • Other U.S.-listed Chinese stocks advanced following news that the country is set to reopen its borders on January 8 [more]
  • Imax (IMAX) announced that it crossed $100M in global box office with Disney (DIS) and Lightstorm's "Avatar: The Way of Water" [more]


2. WALL STREET CALLS: 

  • Lion Electric (LEV) initiated with an Outperform at Northland [more]
  • SVB cuts Applied Molecular Transport (AMTI) to Market Perform [more]
  • Century Therapeutics (IPSC) initiated with a Buy at Chardan [more]
  • Freightos Limited (FROS) SPAC partner Gesher I Acquisition (GIAC) initiated with a Buy at Chardan [more]
  • Apple (AAPL) iPhone supply "continues to improve slowly," say JPMorgan [more]


3. MOVERS: 

  • Boeing (BA) gained after being awarded a $497.09M Army contract [more]
  • Coherus Biosciences (CHRS) closed lower after announcing with Junshi Biosciences that they have not received an action letter from the U.S. FDA regarding the BLA for toripalimab [more]
  • Canopy Growth (CGC) declined in New York after the WSJ reported the FDA is exploring regulating CBD in foods [more]
  • Peloton (PTON) fell after announcing its new refurbished bikes program [more]
  • PolarityTE (PTE) dipped despite announcing a non-binding LOI to be acquired for $1.03 per share [more]

INDEXES: 

The Dow rose 37.63, or 0.11%, to 33,241.56, the Nasdaq lost 144.64, or 1.38%, to 10,353.23, and the S&P 500 declined 15.57, or 0.40%, to 3,829.25.

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