Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Home Depot (HD) reported better-than-expected Q4 results and increased its quarterly dividend [more]
- Macy's (M) also reported better-than-expected Q4 results, announced a new $2B stock buyback program and determined it will not break up its e-commerce and brick-and-mortar operations [more]
- Tegna (TGNA) agreed to be acquired by Standard General for $24 per share [more]
- Cummins (CMI) will acquire Meritor (MTOR) for $36.50 per share in cash [more]
- Houghton Mifflin (HMHC) will be acquired by Veritas Capital for $21 per share [more]
2. WALL STREET CALLS:
- Bernstein upgrades AMD (AMD) to Outperform with $150 price target [more]
- BofA downgrades Rocket Companies (RKT) to sell on lower originations [more]
- Celanese (CE) downgraded to Underweight from Neutral at Piper Sandler [more]
- Visteon (VC) upgraded to Buy from Neutral at Goldman Sachs [more]
- Datadog (DDOG) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
3. AROUND THE WEB:
- Truth Social, a social media platform owned by Trump Media and Technology Group (DWAC), has gone live on Apple's (AAPL) App Store, CNN reports [more]
- CDK Global (CDK) is running a sales process with multiple private equity firms bidding, Dealreporter says [more]
- TSMC (TSM) has secured major sub-7nm chip orders, DigiTimes reports [more]
- Tesla (TSLA) is still waiting to open its first European Gigafactory, WSJ reports [more]
- Comcast's (CMCSA) NBC drew its lowest Olympics ratings ever, WSJ says [more]
4. MOVERS:
- DraftKings (DKNG) rises after Roth Capital upgraded the stock to Neutral from Sell [more]
- Hecla Mining (HL) and CenterPoint Energy (CNP) lower after reporting quarterly results [more]
- Zosano (ZSAN) drops after the FDA stated that the agency did not consider the resubmitted M207 NDA to be a complete response to the deficiencies identified in the FDA's prior complete response letter [more]
- SoFi Technologies (SOFI) falls after agreeing to acquire Technisys for $1.1B [more]
- Equitrans Midstream (ETRN) and TAL Education (TAL) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Medtronic (MDT) reported downbeat Q3 revenue [more]
- Krispy Kreme (DNUT) reported downbeat Q4 earnings [more]
- Cracker Barrel (CBRL) reported upbeat Q2 earnings [more]
- Dillard's (DDS) reported better-than-expected Q4 results [more]
- BrightSpire Capital (BRSP) reported upbeat Q4 earnings [more]
INDEXES:
Near midday, the Dow was down 26.44, or 0.61%, to 4,322.43, the Nasdaq was down 134.87, or 1.00%, to 13,413.19, and the S&P 500 was down 286.47, or 0.84%, to 33,792.71.