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

1. STOCK NEWS:

• Micron (MU) said it is evaluating what part of sales could be impacted by China banning some of its chips [read more]
• At its investor day, JPMorgan (JPM) said First Republic (FRC) is now embedded in its guidance, adding that it expects to invest more in marketing and branches in 2023 [read more]
• Ford (F) reiterated its FY23 adjusted EBIT guidance and announced several lithium supply agreements in conjunction with its capital markets day [read more]
• Chevron (CVX) agreed to acquire PDC Energy (PDCE) in a $6.3B all-stock transaction [read more]
• Meta Platforms (META) was fined EUR1.2B by Ireland's Data Protection Commission [read more]

2. WALL STREET CALLS:

• Loop Capital downgraded Apple (AAPL) to Hold and cut Cirrus Logic (CRUS) to Hold, citing supply chain analysis that suggests "material incremental build reductions" in Apple's iPhone [read more]
• Citi downgraded Foot Locker (FL) to Neutral with a price target of $30, down from $48, following the Q1 miss reported on Friday [read more]
• UBS upgraded DraftKings (DKNG) to Buy [read more]
• H.C. Wainwright downgraded Intercept Pharmaceuticals (ICPT) to Sell after an FDA panel voted against recommending approval at this point for its nonalcoholic steatohepatitis drug [read more]
• Williams Trading downgraded Nike (NKE) to Sell while Citi opened a "downside catalyst watch" on the shares following Foot Locker's report [read more]

3. AROUND THE WEB:

• Coinbase (COIN) is launching "Crypto: Moving America Forward," a national ad campaign [read more]
• Blackstone (BX) acquires International Gemological Institute, Reuters says [read more]
• Meta Platforms (META) has the potential for further job cuts, CNBC says [read more]
• Disney’s (DIS) income from TV networks drops faster than expected, WSJ reports [read more]
• Volkswagen (VWAGY) sells Russia operations, including its assembly plant, NY Times reports [read more]

4. MOVERS:

• VectivBio (VECT) advances after announcing it will be acquired by Ironwood (IRWD) [read more]
• Recursion Pharmaceuticals (RXRX) rises after Morgan Stanley initiated the stock with an Equal Weight rating [read more]
• Greenhill & Co. (GHL) higher after agreeing to be acquired by Mizuho Financial (MFG) [read more]
• Rain Oncology (RAIN) drops after announcing its Phase 3 MANTRA trial did not meet its primary endpoint [read more]
• ZIM Integrated (ZIM) declines after reporting quarterly results [read more]

5. EARNINGS/GUIDANCE:

• Full Truck Alliance (YMM) reported its Q1 results, with CEO Peter Zhang saying he was “pleased to deliver another strong quarter of growth” [read more]
• IceCure Medical (ICCM) released its Q1 results and its EPS beat estimates while its revenue missed consensus [read more]
• Global-e Online (GLBE) delivered Q1 results and raised its FY23 guidance [read more]
• Spar Group (SGRP) reported Q1 EPS and revenue that were higher year-over-year [read more]
• SPI Energy (SPI) reported Q1 results and reaffirmed its FY23 revenue guidance [read more]

INDEXES:

The Dow fell 140.05, or 0.42%, to 33,286.58, the Nasdaq gained 62.88, or 0.50%, to 12,720.78, and the S&P 500 advanced 0.65, or 0.016%, to 4,192.63.