Five top five lists with the news and calls moving stocks, powered by The Fly.

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

1. STOCK NEWS:

• Dell Technologies (DELL) reported upbeat Q1 results, with co-COO Chuck Whitten saying the company "executed well against a challenging economic backdrop" [read more]
• Broadcom (AVGO) reported better-than-expected Q2 earnings and revenue and provided upbeat Q3 revenue guidance [read more]
• Amazon (AMZN) told Reuters it doesn't have plans to add wireless service at this time in response to a Bloomberg report saying it is in talks to offer a low-cost or free Prime phone service [read more]
• Stratasys (SSYS) received an unsolicited takeover proposal from 3D Systems (DDD), which 3D believes is "superior" to the Desktop Metal (DM) offer [read more]
• JetBlue (JBLU) agreed to divest all holdings of Spirit Airlines (SAVE) at LaGuardia Airport to Frontier (ULCC) in connection with JetBlue's planned merger with Spirit [read more]

2. WALL STREET CALLS:

• Morgan Stanley upgraded "ad tech's best-in-class" Trade Desk (TTD) to Overweight [read more]
• Piper Sandler downgraded Dollar General (DG) after 10 years at Overweight while Atlantic Equities also downgraded the shares with low income consumers retrenching [read more]
• SentinelOne (S) was downgraded by no less than five firms after the company cut its FY24 guidance [read more]
• BMO Capital double upgraded Kinsale Capital Group (KNSL) to Outperform from Underperform [read more]
• Atlantic Equities downgraded Warner Music (WMG) to Neutral from Overweight [read more]

3. AROUND THE WEB:

• Boeing (BA) and NASA have delayed the launch of the Starliner spacecraft’s first crewed flight after discovering issues with its parachute and tape covering internal wiring, NY Times says [read more]
• Exxon (XOM) and Chevron (CVX) are in advanced talks on a deal that would allow the companies to drill gas in Algeria, WSJ reports [read more]
• Nvidia’s (NVDA) next-generation AI chip will be manufactured by TSMC (TSM), DigiTimes reports [read more]
• 3M (MMM) agrees to tentative PFAS settlement of "at least" $10B, Bloomberg reports [read more]
• GM (GM) and Stellantis (STLA) paid $363M in total in U.S. fuel economy fines, Reuters reports [read more]

4. MOVERS:

• Samsara (IOT) increases after reporting quarterly results and raising its FY24 guidance [read more]
• Chemours (CC) jumps after DuPont (DD), Corteva (CTVA) and the company reached a PFAS settlement with U.S. water systems [read more]
• Zscaler (ZS) higher after reporting quarterly results [read more]
• Ginkgo Bioworks (DNA) declines after Goldman Sachs downgraded the stock to Sell [read more]
• Xcel Energy (XEL) falls after JPMorgan downgraded the stock to Neutral from Overweight [read more]

5. EARNINGS/GUIDANCE:

• Lululemon (LULU) reported Q1 results and provided guidance for Q2 and FY23 [read more]
• PagerDuty (PD) reported Q1 results that beat consensus and adjusted its FY24 guidance, with Craig-Hallum saying this was a “rocky start” to 2023 for the company [read more]
• MongoDB (MDB) reported Q1 EPS and revenue that beat consensus, with CEO Dev Ittycheria saying these were “strong first quarter results” [read more]
• SentinelOne (S) cut its FY24 revenue guidance [read more]
• Five Below (FIVE) delivered Q1 EPS and revenue that came in higher than estimates [read more]

INDEXES:

The Dow rose 701.19, or 2.12%, to 33,762.76, the Nasdaq gained 139.78, or 1.07%, to 13,240.77, and the S&P 500 advanced 61.35, or 1.45%, to 4,282.37.

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