Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- eBay (EBAY) reported upbeat Q4 results, raised its quarterly dividend, and authorized an additional $2B in stock repurchases [read more]
- First Solar (FSLR) reported better-than-expected Q4 earnings and provided FY24 earnings and revenue guidance [read more]
- Disney (DIS) announced a strategic streaming joint venture in India valued at about $8.5B [read more]
- TJX (TJX) reported upbeat Q4 results, provided Q1 and FY25 guidance, increased its quarterly dividend, and announced a new stock buyback program [read more]
- Crown Castle (CCI) co-founder Ted Miller is filing a lawsuit to invalidate the company's cooperation agreement with Elliott Investment Management [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Silver Lake is still expected to make a takeover bid for Endeavor (EDR), CNBC reports [read more]
- Wendy's (WEN) plans to test dynamic pricing as early as 2025, NY Times reports [read more]
- Amazon (AMZN) plans to step up its investments in companies combining AI and robotics, FT says [read more]
- Fiserv (FI) and Amadeus (AMADY) are the main contenders to acquire Shift4 Payments (FOUR), Reuters reports [read more]
- Allegiant (ALGT) expects fewer aircraft from Boeing (BA) amid quality issues, Reuters says [read more]
4. MOVERS:
- Applied Therapeutics (APLT) higher after receiving FDA acceptance and priority review of its New Drug Application for govorestat [read more]
- Bandwidth (BAND) and Ventyx Biosciences (VTYX) increases after reporting Q4 results [read more]
- LifeStance (LFST) gains after reporting Q4 results and providing guidance for Q1 and FY24 [read more]
- Eventbrite (EB) and Lemonade (LMND) falls after reporting quarterly results [read more]
- Integral Ad Science (IAS) declines after reporting quarterly results and providing guidance for Q1 and FY24 [read more]
5. EARNINGS/GUIDANCE:
- Ambarella (AMBA) reported Q4 results and provided guidance for Q1 [read more]
- Beyond Meat (BYND) announced Q4 results, with EPS missing consensus [read more]
- Bumble (BMBL) provided Q4 results, provided guidance for Q1 and FY24, and announced plans to cut 350 jobs [read more]
- Revolve Group (RVLV) reported Q4 results, with BTIG commenting the results were "better-than-expected" [read more]
- Novavax (NVAX) reported Q4 results, with CEO John Jacobs commenting, "2023 was a transition year for Novavax and we have made tremendous progress towards strengthening the financial profile of the company" [read more]
INDEXES:
The Dow fell 23.39, or 0.06%, to 38,949.02, the Nasdaq lost 87.56, or 0.55%, to 15,947.74, and the S&P 500 declined 8.42, or 0.17%, to 5,069.76.