STOCKS IN NEWS 

MARKET MOVERS

TOP5 significant analyst buy picks

Comcast increased to Buy after a positive Q1

After a “super” quarter, BofA Securities upgraded Comcast (NASDAQ:CMCSA) to Buy from Neutral and increased its price objective from $44.00 to $49.00.

Prior to the release of the Q1 earnings announcement, Zillow upgraded to Market Perform.

Bernstein boosted its price objective for Zillow (NASDAQ:ZG) from $35 to $45.00 and upgraded the stock to Market Perform from Underperform. This comes after the company’s coverage beginning in May 2022, in which it voiced worries about negative revision risks in revenues and profitability. Forecasts for sales and adjusted EBITDA have decreased dramatically since that time.

Overweight was promoted to General Motors BY MG

Morgan Stanley said that it believes General Motors (NYSE:GM) is “oversold” and offers an alluring risk-reward ratio when it upgraded the company to Overweight from Equalweight and increased its price objective to $38.00 from $35.00.

Power Integrations was upgraded by Northland Capital Markets.

Power Integrations (NASDAQ:POWI) was upgraded by Northland Capital Markets from Market Perform to Outperform with a $82.00 price target. The firm said that it anticipates robust quarter-over-quarter growth in Q2 and Q3, up 15% and 25%, respectively. “These numbers could prove to be low relative to a potential Q1 beat and Q2 rise,” the business continued.

Scotts Miracle-Gro (NYSE:SMG) received an upgrade from Hold to Buy and Stifel increased its price objective from $65.00 to $80.00, highlighting an appealing near-term set-up for the shares with a margin rebound supporting growth.

The top 5 analyst cuts

Goldman downgrades Exxon Mobil, shares fall

Exxon Mobil (NYSE:XOM) was downgraded by Goldman Sachs from Buy to Neutral with a price target of $125.00 in response to the stock’s outstanding performance over the last year, which has seen a gain of approximately 37% as higher oil prices have helped the company’s earnings reach record highs.

Doximity shares decline after a rating from Wells Fargo

Wells Fargo reduced its price objective for Doximity (NYSE:DOCS) to $37.00 from $39.00 and downgraded the stock to Equal Weight from Overweight, stating that while their survey shows resiliency, pharma budget growth restricts Doximity’s share price upside potential.

Check Point Software Technologies (NASDAQ:CHKP) was downgraded by BMO Capital to Market Perform from Outperform, and the firm lowered its price objective from $140.00 to $133.00.After the company released its Q1 results today, shares dropped by almost 7%. The company’s revenue came in at $566 million, missing the consensus estimate of $569.13 million. EPS came in at $1.80 vs a consensus expectation of $1.74.

UBS downgraded TAL Education

With a $6.20 price objective, UBS downgraded TAL Education (NYSE:TAL) from Buy to Neutral. Shares dropped by over 2% today.The business surpassed market forecasts when it released its Q1 earnings last week.

ArcBest (NASDAQ:ARCB) decreased by BofA

Shares of ArcBest (NASDAQ:ARCB) decreased by about 3% today after BofA Securities lowered its price objective from $101.00 to $91.00 and downgraded the firm to Underperform from Neutral.The firm released its Q1 numbers on Friday, and both EPS and revenues fell short of expectations.

STOCKS IN NEWS

Scott Wine, a director of U.S. Bancorp (USB), acquired 30,438 shares on April 23 at an average cost of $32.85.The acquisition cost about $1 million.

(NYSE:CHGG) Chegg:- Contrary to expectations of $185.2 million, sales in the first quarter decreased 7% to $187.6 million. Compared to the average estimate of $0.26, non-GAAP EPS was recorded at $0.27.Chegg predicted second-quarter sales of $175-$178M, far less than the average estimate of $194M. For the second quarter, adjusted EBITDA is anticipated to be in the $53–$55 million range.

Vornado (NYSE: VNO) announced first quarter earnings per share of $0.01, $0.03 more than the average expectation of $-0.02. Contrary to the average forecast of $453.28M, the actual revenue for the quarter was $445.92M.

The closing price of Vornado’s shares was $14.68. In the past three and twelve months, it has decreased by -40.15 and -61.26%, respectively.

Logitech (NASDAQ:LOGI):- Manufacturer of computer accessories Logitech (NASDAQ:LOGI) International SA announced on Tuesday a 22% decline in fourth-quarter sales to $960 million.

Norwegian Cruise Line Holdings Ltd:- NCLH Q1 revenue of $1.8 billion exceeded estimates of $1.7 billion and $522 million year over year, and its EPS loss of (-$0.30) was less than that of (-$0.42), which was expected. Its reported revenue per passenger cruise day increased by about 17.5% from the same period in 2019 to the current period, with debt at $13.1 billion and liquidity at about $1.9 billion.

ON  Semiconductor Corp:- ON VAs Q1 adj EPS $1.19/$1.96B topped consensus $1.09/$1.92B and guides Q2 EPS $1.14-$1.28 vs. est. $1.06 and sees Q2 revs $1.98B-$2.08B vs. est. $1.93B, ON reported beat and raise, assisting auto-related semis (NXPI ahead of its earnings tonight).

TG Therapeutics Inc common stock:- TGTX Q1 Sales $7.80M exceeded $3.38M estimate.

Global Payments Inc:-   GPN stated that CEO Cameron Bready would succeed Jeff Sloan as of June 1; forecast 2023 revenue of $8.64 billion to $8.74 billion, as mid-point misses $8.72 billion estimate; and EPS of $10.32 to $10.44, vs. $10.27 estimate.

American Airlines Group Inc:-  The majority of AAL pilots vote in favour of authorising a strike, with over 96% of the APA membership voting, according to the pilots. crane surveys in the industrial sector

KBR, Inc. KBR:- Q1 EPS $0.67 vs. est. $0.58, Q1 revenue $1.7B vs. est. $1.61B, Q1 backlog and options totaling $20.9B; confirms FY23 adjusted EPS $2.76-$2.96 vs. est. $2.88, and supports FY23 revenue estimate $6.9B-$7.1B (consensus $6.99B).

Cna Financial Corp:- CNA Financial (CNA) reported first-quarter earnings per share of $1.19, in line with expectations, and first-quarter book value per share of $32.00.

Check Point (CHKP) Q1 EPS $1.80 vs. est. $1.74; Q1 revenue increased 4.3% y/y to $566.2M vs. est. $568.88M; and Q1 operating income was $200M.

EARNINGS  CALENDAR 2ND MAY

BEFORE THE MARKET OPEN

Pfizer (PFE) HSBC ADR (HSBC) BP ADR (BP) Illinois Tool Works (ITW) Eaton (ETN) Uber Tech (UBER) Thomson Reuters (TRI) Marriott Int (MAR) IDEXX Labs IDXX) Sysco (SYY) Japan Tobacco ADR (JAPAY) Cheniere Energy (LNG) MPLX LP MPLX)AmerisourceBergen (ABC) Cummins (CMI) Ametek (AME) Restaurant Brands Int (QSR) DuPont De Nemours (DD)  Zebra (ZBRA) AerCap Holdings NV (AER) Molson Coors Brewing A (TAPa)Molson Coors Brewing B (TAP) Leidos (LDOS) Liberty Broadband Srs C (LBRDK) Liberty Broadband Srs A (LBRDA) MDC (MDC) Scorpio Tankers (STNG) Sage Therapeutic (SAGE) Ecolab (ECL) Public Service Enterprise (PEG) Franco-Nevada (FNV) ONEOK (OKE) T Rowe (TROW) Edison (EIX)  Expeditors Washington (EXPD)Broadridge (BR) Oxford Square (OXSQ)

AFTER THE MARKET CLOSED

AMD (AMD) Starbucks (SBUX) DBS Group Holdings ADR (DBSDY) Ford Motor (F) Simon Property (SPG)  Energy Transfer (ET) Welltower (WELL) Prudential Financial (PRU) Gartner (IT) Incyte (INCY) Zimmer Biomet (ZBH) Yum China Holdings (YUMC) Extra Space Storage (EXR)Clorox (CLX) Paycom Soft (PAYC) Amcor PLC (AMCR) Jack Henry&Associates (JKHY) Sarepta SRPT) Life Storage (LSI) Penumbra Inc (PEN) American Financial (AFG) Match Group (MTCH)Caesars (CZR) Logitech (LOGI) Assurant (AIZ) Omega Healthcare (OHI) Credit Acceptance (CACC) Super Micro Computer (SMCI) Ashland Global (ASH) CCC Intelligent Solutions Holdings (CCCS) Workiva Inc (WK) Ufp Industries (UFPI) Sprout Social (SPT)