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:
- Tesla (TSLA) reported better than expected Q4 sales and earnings, but also said on its associated call that it won't introduce new vehicles in 2022 [more]
- McDonald's (MCD) reported Q4 results, including global comparable sales growth of 12.3% [more]
- Intel (INTC) reported a strong Q4 due to strength in PCs and servers, but gave what Citi analyst Christopher Danely said was "very poor" Q1 guidance [more]
- Pershing Square's Bill Ackman said the firm purchased more than 3.1M shares of Netflix (NFLX) [more]
- Blackstone (BX) higher after reporting what Chairman and CEO Stephen Schwarzman called "a remarkable finish to a record-breaking year" [more]
2. WALL STREET CALLS:
- BofA double downgrades Toll Brothers (TOL) to Underperform ahead of rise in rates [more]
- ServiceNow (NOW) upgraded to Overweight from Neutral at Piper Sandler [more]
- Seagate (STX) upgraded to Buy from Hold at Summit Insights [more]
- CarMax (KMX) upgraded to Buy from Neutral at Seaport Global on valuation [more]
- Ambarella (AMBA) and Luminar (LAZR) initiated with Buy ratings at Jefferies [more]
3. AROUND THE WEB:
- Centene (CNC) attracted acquisition interest from Cigna (CI) in recent months, Bloomberg says [more]
- Apple (AAPL) working to turn iPhones into payment terminals, Bloomberg reports [more]
- Tencent (TCEHY) looks to take DouYu (DOYU) private, Reuters reports [more]
- Amazon (AMZN) considered linking up with BP (BP) to sell gas at Go stores, Insider says [more]
- Bank of America (BAC) to potentially relocate staff at Hong Kong location, FT reports [more]
4. MOVERS:
- Hostess Brands (TWNK) gains after being picked to replace Watts Water (WTS) in the S&P 600 at the open on February 1 [more]
- Levi Strauss (LEVI), Dow (DOW), and Qualtrics International (XM) higher after announcing quarterly results [more]
- TG Therapeutics (TGTX) falls after disclosing a clinical hold was placed on select studies of U2 [more]
- Romeo Power (RMO) declines after filing a $350M mixed securities shelf offering [more]
- 1-800-Flowers.com (FLWS), Teradyne (TER), and LendingClub (LC) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Rogers Communications (RCI) provided FY22 adjusted EBITDA growth guidance [more]
- MasterCard (MA) reported upbeat Q4 results [more]
- HCA Healthcare (HCA) also reported upbeat Q4 earnings [more]
- Rockwell Automation (ROK) reported upbeat Q1 earnings and revenue [more]
- Southwest (LUV) reported upbeat Q4 results [more]
INDEXES:
Near midday, the Dow was up 305.87, or 0.90%, to 34,473.96, the Nasdaq was down 2.20, or 0.02%, to 13,539.92, and the S&P 500 was up 24.69, or 0.57%, to 4,374.62.