Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Oracle (ORCL) reported November quarter results that analysts called "solid" and "better-than-feared relative to recessionary headwinds" [more]
- United Airlines (UAL) announced what it called "the largest widebody order by a U.S. carrier in commercial aviation history" for 100 Boeing (BA) 787 Dreamliners with options to purchase 100 more [more]
- Moderna (MRNA) and partner Merck (MRK) reported a personalized mRNA cancer vaccine showed a "statistically significant and clinically meaningful" improvement in recurrence-free survival in a trial [more]
- Trimble (TRMB) announced that it has agreed to acquire Transporeonin in a EUR 1.88B all-cash transaction that prompted Raymond James analyst Brian Gesuale to downgrade the stock to Market Perform [more]
- U.S. consumer prices data points to slowdown in core inflation [more]
2. WALL STREET CALLS:
- Goldman upgrades Pfizer (PFE) to Buy on pipeline, new launch upside [more]
- Pinterest (PINS) upgraded to Overweight from Neutral at Piper Sandler [more]
- NetApp (NTAP) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
- Discover (DFS) double downgraded to Underperform at BofA on consumer concerns [more]
- Centene (CNC) downgraded to Underperform from Neutral at BofA [more]
3. AROUND THE WEB:
- Uber (UBER) suffers new data breach, employee information leaked, BleepingComputer says [more]
- Microsoft (MSFT) offers Sony (SONY) right to put "Call of Duty" on PS Plus, Bloomberg says [more]
- Meta (META) reintegrates efforts of Facebook's "Connectivity" unit, TechCrunch says [more]
- Ford (F) adds shift to boost electric F-150 production, CNBC reports [more]
- Toyota (TM) expected to outline EV strategy to suppliers in 2023, Reuters says [more]
4. MOVERS:
- Wave Life Sciences (WVE) higher after announcing a strategic collaboration with GSK (GSK) to advance oligonucleotide therapeutic development [more]
- Block (SQ) gains after Piper Sandler assumed coverage of the stock with an Overweight rating and $93 price target [more]
- Lion Electric (LEV) lower after announcing pricing of its previously announced marketed public offering of units in the United States and Canada [more]
- Norwegian Cruise Line (NCLH) declines after UBS downgraded the stock to Neutral [more]
- Huntington Bancshares (HBAN) falls after JPMorgan downgraded the stock to Underweight [more]
5. EARNINGS/GUIDANCE:
- Photronics (PLAB) reported better-than-expected Q4 earnings and roughly in-line revenue [more]
- Fluence Energy (FLNC) reported what CEO Julian Nebreda described as "a strong quarter" [more]
- JetBlue (JBLU) said it now expects revenue per available seat mile for the fourth quarter to be at the low-end of its prior guidance [more]
- Yum! Brands (YUM) said at its investor day event that it sees long-term annual system sales growth of 7% [more]
- Eli Lilly (LLY) reaffirmed its 2022 financial guidance and announced 2023 guidance that is said was "highlighted by expected volume-based revenue growth and increased investments to maximize future value" [more]
INDEXES:
Near midday, the Dow was up 120.30, or 0.35%, to 34,125.34, the Nasdaq was up 145.50, or 1.31%, to 11,289.23, and the S&P 500 was up 37.22, or 0.93%, to 4,027.78.