Today's Morning Movers and Top Ratings: ASML, LLY, ADSK, UAL and More

$United Airlines (UAL.US)$ stock rose 5.2% after the carrier forecast stronger-than-expected earnings in the current quarter and reported a narrower-than-expected loss in the first quarter, buoyed by robust demand for travel.

$Abbott Laboratories (ABT.US)$ stock increased by 1.6% after the company surpassed quarterly profit expectations and raised the lower end of its earnings forecast, with strong demand for medical procedures driving sales of its devices.

$Morgan Stanley (MS.US)$ stock appreciated 1% following reports that the banking firm plans to initiate around 50 investment banking job cuts in Asia, predominantly targeting Hong Kong and China.

$Tesla (TSLA.US)$ stock gained 0.7% after the electric vehicle manufacturer sought shareholder votes on various proposals, including ratification of CEO Elon Musk’s 2018 compensation package.

$Eli Lilly and Co (LLY.US)$ stock climbed 1.9% as the pharmaceutical firm's popular weight loss drug Zepbound demonstrated potential in treating sleep apnea in two late-stage clinical trials.

$The Travelers Companies (TRV.US)$ stock dropped 2.9% after the insurance company reported a significant rise in catastrophe losses, which increased to $712 million from $535 million the previous year, due to severe weather events.

$JB Hunt Transport Services (JBHT.US)$ stock tumbled 7.1% as the trucking company's first-quarter results fell short of estimates, affected by a decrease in revenue from its largest segment and pricing challenges in its brokerage operations.

$ASML Holding (ASML.US)$ ADRs declined by 5% after the Dutch semiconductor equipment supplier revealed first-quarter new bookings that did not meet expectations, although its sales in China remained stable amid U.S.-imposed restrictions.

$Autodesk (ADSK.US)$ stock decreased by 5.8% with the company's ongoing internal investigation into its free cash flow and non-GAAP operating margin practices, which was initially disclosed in early April.

$Urban Outfitters (URBN.US)$ stock slipped 4.9% after an analyst downgrade from Jefferies, moving from 'hold' to 'underperform' due to concerns over diminishing foot traffic.