Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Microsoft (MSFT) unveiled a new AI-powered Bing search engine and Edge browser [more]
- Zoom Video (ZM) announced a 15% workforce reduction [more]
- Pinterest (PINS) reported mixed Q4 results and announced that CFO Todd Morgenfeld will step down [more]
- Activision Blizzard (ATVI) reported upbeat Q4 net bookings [more]
- DuPont (DD) reported better-than-expected Q4 earnings [more]
2. WALL STREET CALLS:
- Lockheed Martin (LMT) double upgraded to Outperform at Credit Suisse [more]
- Tyson Foods (TSN) downgraded to Neutral from Buy at Goldman Sachs [more]
- Cowen downgrades Sweetgreen (SG) on sales, profitability risks [more]
- ZoomInfo (ZI) downgraded to Neutral from Buy at UBS after earnings [more]
- Piper Sandler downgraded BigCommerce (BIGC) to Neutral [more]
3. AROUND THE WEB:
- Baidu (BIDU) confirms plan to launch ChatGPT-like bot in March, Bloomberg reports [more]
- Criteo (CRTO) is working with Evercore to explore a possible sale, Reuters reports [more]
- Signature Bank (SBNY) has been accused of overlooking FTX fraud, Bloomberg says [more]
- Apollo (APO) is in talks to take a stake in Credit Suisse's (CS) investment bank unit, WSJ reports [more]
- CVS Health (CVS) is near a deal to acquire Oak Street Health (OSH) for $10.5B, WSJ says [more]
4. MOVERS:
- Lithium Americas (LAC) increases in New York after receiving a favorable ruling related to Thacker Pass [more]
- Hertz Global (HTZ) higher after reporting quarterly results [more]
- BP (BP) rises in New York after reporting quarterly results and providing guidance for FY23 [more]
- Bed Bath & Beyond (BBBY) falls after announcing an offering of Series A convertible preferred stock [more]
- Blink Charging (BLNK) lower after announcing an offering of 8.33M shares [more]
5. EARNINGS/GUIDANCE:
- Royal Caribbean (RCL) reported mixed Q4 results [more]
- ZoomInfo (ZI) reported better-than-expected Q4 results [more]
- Chegg (CHGG) reported better-than-expected Q4 results [more]
- Take-Two (TTWO) reported downbeat Q3 net bookings [more]
- Scansource (SCSC) reported upbeat Q2 results [more]
INDEXES:
The Dow rose 265.67, or 0.78%, to 34,156.69, the Nasdaq gained 226.34, or 1.90%, to 12,113.79, and the S&P 500 advanced 52.92, or 1.29%, to 4,164.00.