Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.
1. STOCK NEWS:
- American Airlines (AAL) reported upbeat Q4 results [more]
- United Airlines (UAL) also reported upbeat Q4 earnings and revenue [more]
- Travelers (TRV) also reported better-than-expected Q4 results [more]
- Baker Hughes (BKR), meanwhile, reported downbeat Q4 earnings [more]
- R.R. Donnelley (RRD) reported that an unnamed "strategic party" raised the price of its buyout offer to $11.50 per share [more]
2. WALL STREET CALLS:
- Ford (F) downgraded to Hold from Buy at Jefferies [more]
- AMD (AMD) downgraded to Neutral from Overweight at Piper Sandler [more]
- KeyBanc upgrades Etsy (ETSY) to Overweight from Sector Weight [more]
- Microsoft (MSFT) price target lowered to $376 from $407 at Citi [more]
- WW (WW) downgraded to Underweight from Sector Weight at KeyBanc [more]
3. AROUND THE WEB:
- The FTC will move ahead with investigations into Intuit (INTU) and TurboTax, The Information reports [more]
- Citron Research announced a long position in Blue Apron (APRN) with a $40 price target [more]
- Google (GOOGL) could face off with Meta (FB), Apple (AAPL) with own AR headset, The Verge says [more]
- Peloton (PTON) halted production of Bikes and treadmills amid waning consumer demand, CNBC reports [more]
- Sony (SONY) expects Activision Blizzard (ATVI) games to remain multiplatform after the Microsoft (MSFT) takeover closes, WSJ reports [more]
4. MOVERS:
- Luminar (LAZR) higher after filing a $220M mixed securities shelf [more]
- Hut 8 Mining (HUT) increases in New York after announcing it entered into a definitive agreement to purchase TeraGo’s data center business for C$30M [more]
- EHang (EH) gains in New York after receiving a pre-order for 40 units of EH216 in Japan [more]
- TaskUs (TASK) declines after Spruce Point Capital released a short report on the company [more]
- American Homes 4 Rent (AMH) falls after announcing a 20M share offering priced at $39.15 [more]
5. EARNINGS/GUIDANCE:
- Discover (DFS) reported downbeat Q4 earnings [more]
- Signet Jewelers (SIG) raised its Q4 and FY22 revenue guidance [more]
- Heartland Express (HTLD) reported upbeat Q4 revenue [more]
- Corsair Gaming (CRSR) provided FY21 and FY22 revenue guidance [more]
- Berkshire Hills Bancorp (BHLB) reported roughly in-line Q4 results [more]
INDEXES:
The Dow fell 313.26, or 0.89%, to 34,715.39, the Nasdaq lost 186.23, or 1.3%, to 14,154.02, and the S&P 500 declined 50.03, or 1.1%, to 4,482.73.