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

1. STOCK NEWS:

Disney (DIS) reported Q2 sales and earnings that missed expectations, though its Disney+ subscriber count rose more than expected [more]
Tapestry (TPR) reported upbeat Q3 results, approved a new $1.5B stock buyback, and cut its FY22 earnings and revenue guidance [more]
Beyond Meat (BYND) reported lower-than-expected quarterly results [more]
Dutch Bros (BROS) reported upbeat Q1 revenue but provided lower-than-expected FY22 revenue guidance [more]
Bumble (BMBL) reported upbeat Q1 earnings and revenue [more]

2. WALL STREET CALLS:

Ford (F) and General Motors (GM) were each downgraded to Underweight from Overweight at Wells Fargo [more]
Coupa Software (COUP) downgraded to Sell from Buy at Goldman Sachs [more]
Wolfe downgrades credit card issuers on 80% probability of recession [more]
Zoom Video (ZM) downgraded to Neutral from Overweight at Piper Sandler [more]
Warner Bros. Discovery (WBD) upgraded to Outperform from Market Perform at Cowen [more]

3. AROUND THE WEB:

The SEC is probing Elon Musk's late disclosure of his Twitter (TWTR) stake, WSJ reports [more]
Citron tweeted a link to a report speculating on a Jumia Technologies (JMIA) takeout [more]
Microsoft (MSFT) is considering sweeping pay raises, Insider reports [more]
General Motors (GM) CEO Mary Barra believes the company can become a leader in electric vehicles, NY Times reports [more]
Meta Platforms (FB) is set to make cutbacks in its Reality Labs division, Reuters reports [more]

4. MOVERS:

Cullinan Oncology (CGEM) higher after announcing an agreement with Taiho Pharmaceutical through which Taiho will acquire Cullinan Pearl Corp. as well as co-develop and co-commercialize CLN-081/TAS6417 [more]
Babylon (BBLN) gains after reporting quarterly results and raising its FY22 revenue view [more]
Squarespace (SQSP) increases after reporting quarterly results, providing Q2 and FY22 revenue guidance, and authorizing a $200M share repurchase program [more]
Fluence Energy (FLNC) declines after reporting quarterly results [more]
ironSource (IS) lower in New York after reporting quarterly results and providing Q2 and 2022 guidance [more]

5. EARNINGS/GUIDANCE:

WeWork (WE) reported downbeat Q1 revenue and narrowed its FY22 revenue guidance [more]
Yeti (YETI) provided a "beat and raise" report for Q1 [more]
Coupang (CPNG) reported upbeat Q1 earnings that prompted an upgrade at Citi [more]
Tufin (TUFN) reported lower-than-expected Q1 results [more]
eMagin (EMAN) reported upbeat Q1 results [more]

INDEXES:

Near midday, the Dow was down 361.51, or 1.14%, to 31,472.60, the Nasdaq was down 107.82, or 0.95%, to 11,256.42, and the S&P 500 was down 45.05, or 1.14%, to 3,890.13.