Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Oracle (ORCL) reported upbeat Q3 results and raised its quarterly dividend 25% [read more]
- The FDIC took over as receiver of Silicon Valley Bank (SIVB), which it calls the "first FDIC-insured institution to fail this year" [read more]
- Gap (GPS) reported downbeat Q4 earnings and revenue [read more]
- DocuSign (DOCU) reported better-than-expected Q4 results and announced the departure of CFO Cynthia Gaylor [read more]
- Nano Dimension (NNDM) offered to acquire Stratasys (SSYS) for $18 per share [read more]
2. WALL STREET CALLS:
- Apple (AAPL) cut to Sell at LightShed on more conservative outlook for iPhone sales [read more]
- Roblox (RBLX) upgraded to Buy from Hold at Jefferies [read more]
- United Airlines (UAL) upgraded to Overweight from Equal Weight at Barclays [read more]
- Caterpillar (CAT) downgraded to Sell from Neutral at UBS [read more]
- JPMorgan downgraded DocuSign (DOCU) to Underweight on deteriorating trends [read more]
3. AROUND THE WEB:
- Peloton (PTON) faces U.S. import ban over streaming technology, Reuters reports [read more]
- Meta (META) is exploring a decentralized, text-based social network, Platformer reports [read more]
- Tesla (TSLA) is working with Asian material suppliers over battery concerns, Reuters says [read more]
- Apple (AAPL) will announce a HomePod with 7-inch display in the first half of 2024, says analyst Ming-Chi Kuo [read more]
- Fox (FOX) CEO defended by Lachlan Murdoch amid defamation suit, NY Times reports [read more]
4. MOVERS:
- Wheaton Precious Metals (WPM) gains in New York after reporting quarterly results and providing 5-year average gold production guidance [read more]
- Bilibili (BILI) rises in New York after its shares were included in Shenzhen-Hong Kong Stock Connect [read more]
- Gevo (GEVO) higher after reporting quarterly results [read more]
- Bionano Genomics (BNGO) lower after reporting quarterly results and providing guidance for FY23 [read more]
- Genius Sports (GENI) falls in New York after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Ulta Beauty (ULTA) reported upbeat Q4 results [read more]
- Allbirds (BIRD) reported downbeat Q4 results [read more]
- JinkoSolar (JKS) reported mixed Q4 results [read more]
- Barnes & Noble Education (BNED) reported better-than-expected Q3 revenue [read more]
- Embraer (ERJ) reported upbeat Q4 revenue [read more]
INDEXES:
Near midday, the Dow was down 74.65, or 0.23%, to 32,180.21, the Nasdaq was down 56.68, or 0.50%, to 11,281.67, and the S&P 500 was down 15.56, or 0.40%, to 3,902.76.