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

1. STOCK NEWS:

• General Motors (GM) provided a "beat and raise" report for Q1 and said that it and Samsung SDI (SSNLF) are investing over $3B to build a U.S. battery cell plant [read more]
• 3M (MMM) reported upbeat Q1 earnings and revenue and also announced restructuring actions, including 6,000 layoffs [read more]
  
• McDonald's (MCD) reported better-than-expected Q1 results, with CEO Chris Kempczinski saying customer demand "remains strong" [read more]
  
• General Electric (GE) reported upbeat Q1 results and narrowed upward its FY23 earnings guidance [read more]
  
• Verizon (VZ) reported mixed Q1 results and provided FY23 earnings and revenue guidance [read more]
  

2. WALL STREET CALLS:

• First Republic (FRC) was downgraded to Sell at Janney Montgomery Scott and at Citi following last night's Q1 report [read more]
• Squarespace (SQSP) upgraded to Buy from Neutral at Citi [read more]
  
• Capri Holdings (CPRI) downgraded to Hold from Buy at Jefferies [read more]
  
• Jefferies upgraded XPeng (XPEV) to Hold from Underperform [read more]
  
• BofA double downgraded Day One Biopharmaceuticals (DAWN) to Underperform [read more]
  

3. AROUND THE WEB:

• Netflix (NFLX) to invest $2.5B in South Korea content over the next four years, Yonhap says [read more]
• President of Disney’s (DIS) ESPN+ service, Russell Wolff, to leave company, WSJ reports [read more]
  
• TheRealReal (REAL) is being circled by private equity companies, Puck says [read more]
  
• Apple (AAPL) will continue to rely on Korean displays despite its production push, The Korea Herald reports [read more]
  
• Sega of America (SGAMY) workers file for union election with the National Labor Relations Board, Verge reports [read more]
  

4. MOVERS:

• Morphic Therapeutics (MORF) higher after reporting results from its EMERALD-1 Phase 2a study of MORF-067 and its Q1 results [read more]
• Medpace (MEDP) rises after reporting quarterly results [read more]
  
• Arrowhead (ARWR) gains after announcing interim results of its ARO-RAGE study [read more]
  
• Assetio (ASRT) slides after announcing it will acquire Spectrum (SPPI) in an all-stock and CVR transaction [read more]
  
• UPS (UPS) falls after reporting Q1 results and revising its FY23 revenue view [read more]
  

5. EARNINGS/GUIDANCE:

• Spotify (SPOT) reported Q1 results and provided Q2 guidance [read more]
• Gambling.com (GAMB) provided preliminary Q1 revenue, which CEO Charles Gillespie said “exceeded internal forecasts” [read more]
  
• JetBlue (JBLU) CFO Ursula Hurley said the company sees margins near "pre-pandemic levels later in year" and reported Q1 results slightly above consensus [read more]
  
• Tenable Holdings (TENB) reported Q1 results, which Needham called an “uncharacteristic miss” [read more]
  
• Eagle Bancorp (EBMT) reported what CEO Laura Clark said was a”strong first quarter” [read more]
  

INDEXES:

Near midday, the Dow was down 154.06, or 0.45%, to 33,721.34, the Nasdaq was down 137.64, or 1.14%, to 11,899.57, and the S&P 500 was down 35.76, or 0.86%, to 4,101.28.