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

1. STOCK NEWS:

Western Digital (WDC) announced a review of strategic alternatives, including the potential to split up its Flash and HDD units [more]
An FDA panel voted to recommend emergency use authorization for Novavax's (NVAX) COVID-19 vaccine [more]
Moderna (MRNA) reported that its COVID booster candidate showed superior antibody response against the omicron variant [more]
Campbell Soup (CPB) reported upbeat Q3 results and raised its FY22 revenue guidance [more]
Spirit Airlines (SAVE) postponed its special stockholder meeting relating to the proposed deal with Frontier Group (ULCC), a move JetBlue (JBLU) said it "welcomes" [more]

2. WALL STREET CALLS:

Morgan Stanley downgrades Altria (MO) to Underweight on competition concerns [more]
Target (TGT) downgraded to Neutral from Buy at BofA [more]
Canopy Growth (CGC) downgraded to Underperform from Market Perform at BMO Capital [more]
Wedbush starts Affirm (AFRM) at Underperform with $15 price target [more]
Hanesbrands (HBI) and Kontoor Brands (KTB) downgraded to Equal Weight at Barclays [more]

3. AROUND THE WEB:

Roku (ROKU) staff are "buzzing" about the possibility of being bought by Netflix (NFLX), Insider says [more]
TSMC (TSM) expects revenue to be up 30% this year, Bloomberg reports [more]
Amazon (AMZN) is building a local advertising business, Insider says [more]
State Street (STT) tells Bloomberg not responding to Swiss blog claim bank planning bid for Credit Suisse (CS) [more]
Bird Global (BRDS) will cut 23% of its workforce, TechCrunch says [more]

4. MOVERS:

OneConnect Financial Technology (OCFT) rises in New York after announcing an increase to its repurchase program [more]
Allogene Therapeutics (ALLO) gains after the FDA granted RMAT designation for ALLO-501A [more]
Zendesk (ZEN) lower after CNBC said a buyout of the company by private equity suitors is looking "less likely" [more]
Lovesac (LOVE) declines after announcing quarterly results [more]
Wintrust Financial (WTFC) falls announcing a 3M share offering priced at $86.00 [more]

5. EARNINGS/GUIDANCE:

Bausch + Lomb (BLCO) reported Q1 adjusted EPS below the same period of last year [more]
Scotts Miracle-Gro (SMG) cut its FY22 earnings guidance [more]
Smartsheet (SMAR) provided a "beat and raise" report for Q1 [more]
Kingsoft Cloud (KC) reported upbeat Q1 revenue [more]
Vera Bradley (VRA) reported downbeat Q1 results [more]

INDEXES:

Near midday, the Dow was down 48.48, or 0.15%, to 33,131.66, the Nasdaq was up 17.21, or 0.14%, to 12,192.44, and the S&P 500 was down 9.03, or 0.22%, to 4,151.65.