Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Apple (AAPL) reported downbeat Q1 results, with CEO Tim Cook highlighting the "challenging environment" [more]
- Amazon (AMZN) reported mixed Q4 results and gave Q1 revenue guidance that was below consensus at its midpoint [more]
- Alphabet (GOOGL) reported lower-than-expected Q4 earnings and revenue [more]
- Ford (F) reported mixed Q4 results [more]
- Starbucks (SBUX) reported downbeat Q1 earnings and revenue [more]
2. WALL STREET CALLS:
- Boeing (BA) downgraded to Sector Perform from Outperform at RBC Capital [more]
- Deutsche downgrades Ford (F) to Sell on "meaningful" earnings risk [more]
- Baird upgrades Cardinal Health (CAH), sees "value trap label" ending [more]
- Morgan Stanley upgraded Neurocrine (NBIX) to Overweight [more]
- HSBC downgraded Meta Platforms (META) to Reduce from Hold with an unchanged price target of $110 [more]
3. AROUND THE WEB:
- Silvergate (SI) faces a DOJ fraud investigation related to FTX, Bloomberg reports [more]
- Activist investor Ryan Cohen has amassed a sizable stake in Nordstrom (JWN), WSJ reports [more]
- Broadcom (AVGO) CEO Hock Tan plans to seek more acquisitions after VMware (VMW), FT reports [more]
- Credit Suisse (CS) faces a probe after leak of $100B accounts, Bloomberg says [more]
- FTC readying possible antitrust lawsuit against Amazon, WSJ reports [more]
4. MOVERS:
- C3.ai (AI) rises after DA Davidson initiated the stock with a Buy rating [more]
- Clorox (CLX) higher after reporting quarterly results [more]
- Two Harbors Investment (TWO) declines after announcing a 10M share offering [more]
- Marathon Digital (MARA) falls after reporting it produced 687 BTC in January [more]
- GoPro (GPRO) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Atlassian (TEAM) reported upbeat Q3 results and authorized the repurchase of up to $1B of stock [more]
- Bill.com (BILL) issued Q2 results that were called "quite strong," but its forward outlook was well below expectations [more]
- Qualcomm (QCOM) reported upbeat Q1 earnings [more]
- Zimmer Biomet (ZBH) reported better-than-expected Q4 results [more]
- Cigna (CI) reported upbeat Q4 results [more]
INDEXES:
Near midday, the Dow was down 4.99(-0.01%, to 34,048.95, the Nasdaq was down 58.20, or 0.48%, to 12,142.62, and the S&P 500 was down 19.80, or 0.47%, to 4,159.96.