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]
- Starbucks (SBUX) reported downbeat Q1 earnings and revenue [more]
- Labor report called "too good to be true" as U.S. adds 517,000 jobs in January and unemployment dips to a 53-year low [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]
- FTC readying possible antitrust lawsuit against Amazon (AMZN), WSJ says [more]
- Disney (DIS) is considering the sale of more films and TV series to rivals, Bloomberg says [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:
- Ford (F) reported mixed Q4 results [more]
- 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]
- Cigna (CI) reported upbeat Q4 results [more]
INDEXES:
The Dow fell 127.93, or 0.38%, to 33,926.01, the Nasdaq lost 193.86, or 1.59%, to 12,006.96, and the S&P 500 declined 43.28, or 1.04%, to 4,136.48.