Today's Morning Movers and Top Ratings: TSLA, NFLX, ARM, SHOP and More

$Paramount Global-B(PARA.US)$ stock soared 9.6% following reports that Sony Pictures Entertainment and Apollo Global Management are in talks to potentially make a joint bid for the entertainment giant.

$Shopify(SHOP.US)$ Shares of the Canadian e-commerce company surged by 3% following an upgrade by Morgan Stanley to an overweight rating. The firm expressed optimism about Shopify's growth prospects and the potential for improved operating leverage.

$First Solar(FSLR.US)$ The stock of First Solar climbed 1.5% after receiving an overweight rating from Wells Fargo. The upgrade was driven by anticipated positive developments, such as the likelihood of the Biden Administration ending tariff exemptions and imposing potential trade restrictions on solar panels from China.

$Netflix(NFLX.US)$ stock fell 6.2% after the company predicted weaker-than-expected revenue for the current quarter and slower net additions, despite reporting better-than-anticipated first-quarter results and significant subscriber growth.

$Tesla(TSLA.US)$ stock declined by 2% as the electric vehicle manufacturer issued a recall for 3,878 Cybertrucks due to an issue where the accelerator pedal pad could become dislodged and trapped, as stated by the U.S. National Highway Traffic Safety Administration.

$Procter & Gamble(PG.US)$ stock dropped 0.8% after the company reported flat revenue of $20.2 billion year on year for the first quarter, missing expectations. However, the company increased its EPS growth forecast while maintaining its revenue outlook for the fiscal year.

$American Express(AXP.US)$ stock decreased by 1.1% even though the financial services group reported a profit that exceeded quarterly expectations, bolstered by a rise in new card acquisitions. The company also reaffirmed its guidance for the full year.

$Schlumberger(SLB.US)$ stock fell 1.4% after announcing a softer North American market, despite its international revenue rising by 18% year on year.