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

1. STOCK NEWS:

PayPal (PYPL) provided a "beat and raise" report for Q1, but analysts highlighted the prospects for continued transaction margin pressures throughout 2023 [read more]
Ryanair (RYAAY) announced an order for 300 Boeing (BA) 737 MAX-10 aircraft [read more]
Palantir (PLTR) reported better-than-expected Q1 results and guided to GAAP net income in each quarter of the rest of the year [read more]
Premier (PINC) is evaluating strategic alternatives, including a potential sale [read more]
Tempur Sealy (TPX) reported upbeat Q1 earnings, reiterated its FY23 outlook and announced a deal to acquire Mattress Firm in a cash and stock transaction valued at about $4B [read more]

2. WALL STREET CALLS:

Shoals Technologies (SHLS) was upgraded to Outperform at Northland and to Buy at Guggenheim after a Q1 beat [read more]
Shopify (SHOP) was downgraded to Sell at DZ Bank and to Neutral at Atlantic Equities [read more]
Credit Suisse downgraded PayPal (PYPL) to Neutral after earnings on 2023 margin pressures [read more]
TaskUs (TASK) downgraded to Underperform from Buy at BofA [read more]
Skyworks (SWKS) downgraded to Market Perform from Outperform at BMO Capital [read more]

3. AROUND THE WEB:

The FTC is investigating Iqvia's (IQV) proposed acquisition of Propel Media, Politico reports [read more]
Spotify (SPOT) removes “thousands” of AI-made songs from its platform, FT reports [read more]
Goldman Sachs (GS) to pay $215M to settle discrimination lawsuit, WSJ says [read more]
Google (GOOG;GOOGL) prepares to unveil generative AI updates to Google I/O, CNBC says [read more]
New York Times (NYT) to receive about $100M from Google over 3 years, WSJ says [read more]

4. MOVERS:

Novavax (NVAX) higher after reporting quarterly results and announcing results from COVID-Influenza combinations safety study [read more]
Voyager Therapeutics (VYGR) and Genius Sports (GENI) higher after reporting quarterly results [read more]
NeoGenomics (NEO) gains after BTIG upgraded the stock to Buy [read more]
Nikola (NKLA) falls after reporting quarterly results and announcing an exit from a European joint venture [read more]
Coherus Biosciences (CHRS) and Talos Energy (TALO) lower after reporting quarterly results [read more]

5. EARNINGS/GUIDANCE:

Western Digital (WDC) provided Q4 guidance that fell short of consensus [read more]
Skyworks (SWKS) reported Q1 results and CEO Liam Griffin said “despite a challenging macro backdrop, the fundamentals… remained strong” [read more]
Fox Corp. (FOXA;FOX) delivered Q3 revenue and EPS that were higher than consensus [read more]
Lucid Group (LCID) announced its Q1 results and said it was on track to produce over 10,000 vehicles in 2023 [read more]
Fisker (FSR) reported Q1 results that fell short of consensus and revised its FY23 production volume guidance [read more]

INDEXES:

The Dow fell 56.88, or 0.17%, to 33,561.81, the Nasdaq lost 77.36, or 0.63%, to 12,179.55, and the S&P 500 declined 18.95, or 0.46%, to 4,119.17.