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SIVB, GPS, DOCU...
3/10/2023 12:03pm
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:

  • Oracle (ORCL) reported upbeat Q3 results and raised its quarterly dividend 25% [read more]
  • The FDIC took over as receiver of Silicon Valley Bank (SIVB), which it calls the "first FDIC-insured institution to fail this year" [read more]
  • Gap (GPS) reported downbeat Q4 earnings and revenue [read more]
  • DocuSign (DOCU) reported better-than-expected Q4 results and announced the departure of CFO Cynthia Gaylor [read more]
  • Nano Dimension (NNDM) offered to acquire Stratasys (SSYS) for $18 per share [read more]

2. WALL STREET CALLS:

  • Apple (AAPL) cut to Sell at LightShed on more conservative outlook for iPhone sales [read more]
  • Roblox (RBLX) upgraded to Buy from Hold at Jefferies [read more]
  • United Airlines (UAL) upgraded to Overweight from Equal Weight at Barclays [read more]
  • Caterpillar (CAT) downgraded to Sell from Neutral at UBS [read more]
  • JPMorgan downgraded DocuSign (DOCU) to Underweight on deteriorating trends [read more]

3. AROUND THE WEB:

  • Peloton (PTON) faces U.S. import ban over streaming technology, Reuters reports [read more]
  • Meta (META) is exploring a decentralized, text-based social network, Platformer reports [read more]
  • Tesla (TSLA) is working with Asian material suppliers over battery concerns, Reuters says [read more]
  • Apple (AAPL) will announce a HomePod with 7-inch display in the first half of 2024, says analyst Ming-Chi Kuo [read more]
  • Fox (FOX) CEO defended by Lachlan Murdoch amid defamation suit, NY Times reports [read more]

4. MOVERS:

  • Wheaton Precious Metals (WPM) gains in New York after reporting quarterly results and providing 5-year average gold production guidance [read more]
  • Bilibili (BILI) rises in New York after its shares were included in Shenzhen-Hong Kong Stock Connect [read more]
  • Gevo (GEVO) higher after reporting quarterly results [read more]
  • Bionano Genomics (BNGO) lower after reporting quarterly results and providing guidance for FY23 [read more]
  • Genius Sports (GENI) falls in New York after reporting quarterly results [read more]

5. EARNINGS/GUIDANCE:

  • Ulta Beauty (ULTA) reported upbeat Q4 results [read more]
  • Allbirds (BIRD) reported downbeat Q4 results [read more]
  • JinkoSolar (JKS) reported mixed Q4 results [read more]
  • Barnes & Noble Education (BNED) reported better-than-expected Q3 revenue [read more]
  • Embraer (ERJ) reported upbeat Q4 revenue [read more]

INDEXES:

Near midday, the Dow was down 74.65, or 0.23%, to 32,180.21, the Nasdaq was down 56.68, or 0.50%, to 11,281.67, and the S&P 500 was down 15.56, or 0.40%, to 3,902.76.

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