Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.
1. STOCK NEWS:
- Apple (AAPL) reported upbeat quarterly results as its install base grows to 1.8B active devices [more]
- Caterpillar (CAT) reported better-than-expected Q4 results and provided upbeat Q1 guidance [more]
- Biogen (BIIB) agreed to sell its stake in Bioepis to Samsung Biologics (SSNLF) for $2.3B [more]
- Home Depot (HD) named Ted Decker its next CEO and president [more]
- Eli Lilly (LLY) plans to invest $1B in a new manufacturing facility in North Carolina [more]
2. WALL STREET CALLS:
- Apple (AAPL) upgraded to Neutral from Sell at New Street [more]
- Teradyne (TER) downgraded to Hold at Deutsche Bank and Stifel [more]
- Affirm (AFRM) upgraded to Buy from Neutral at DA Davidson [more]
- LabCorp (LH) and Quest Diagnostics (DGX) downgraded to Hold at Deutsche Bank on margin concerns [more]
- VF Corp. (VFC) downgraded to Neutral from Overweight at JPMorgan [more]
3. AROUND THE WEB:
- Ecovyst (ECVT) is working with bankers to explore a sale, Dealreporter says [more]
- 3M (MMM) will appeal a $110M ruling in a U.S. military earplug trial, Reuters reports [more]
- Mondelez (MDLZ) is considering more price increases for snacks, WSJ reports [more]
- Google (GOOGL) to invest up to $1B in Bharti Airtel, Bloomberg reports [more]
- UniCredit (UNCRY) pulled out of a potential bid for Otkritie, FT says [more]
4. MOVERS:
- Insulet (PODD) jumps after announcing FDA clearance of Omnipod 5 for ages six and older [more]
- Fair Isaac (FICO) rises after reporting quarterly results and announcing a $500M share repurchase program [more]
- U.S. Steel (X) and Atlassian (TEAM) higher after reporting quarterly results [more]
- Kroger (KR) falls after Citi analyst Paul Lejuez downgraded the stock to Sell [more]
- Booz Allen (BAH) and Western Alliance (WAL) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Chevron (CVX) reported downbeat Q4 earnings [more]
- Robinhood (HOOD) reported lower-than-expected Q4 earnings [more]
- Visa (V) reported upbeat Q1 earnings and revenue [more]
- Robert Half (RHI) reported better-than-expected Q4 results [more]
- Colgate-Palmolive (CL) provided FY22 revenue growth guidance [more]
INDEXES:
The Dow rose 564.69, or 1.65%, to 34,725.47, the Nasdaq gained 417.79, or 3.13%, to 13,770.57, and the S&P 500 advanced 105.34, or 2.43%, to 4,431.85.