Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Delta Air Lines (DAL) provided upbeat FY22 earnings and revenue guidance, as well as a better-than-expected FY23 outlook [more]
- Microsoft (MSFT) and ViaSat (VSAT) announced a new partnership [more]
- Tesla (TSLA) investors are concerned over Elon Musk's focus on Twitter (TWTR), according to The Wall Street Journal [more]
- Charter (CHTR) shares sunk after the company outlined spending plans to update its network [more]
- The U.S. Federal Reserve raised its interest rate benchmark by 50 basis points, noting that ongoing rate increases "will be appropriate" [more]
2. WALL STREET CALLS:
- Chardan downgraded Moderna (MRNA) after "enthusiastic reception" to cancer vaccine data [more]
- Best Buy (BBY) downgraded to Underperform at BofA on challenging demand environment [more]
- SolarEdge (SEDG) upgraded to Overweight from Equal Weight at Barclays [more]
- Tesla (TSLA) price target lowered to $235 from $305 at Goldman Sachs [more]
- Wedbush upgraded Darden (DRI) to Outperform from Neutral [more]
3. AROUND THE WEB:
- U.S. Senators Warren and Welch told Pfizer (PFE) to "back off" a price hike for the company's COVID-19 vaccine, STAT reports [more]
- Samsung (SSNLF) intends to add an EUV team to its Taylor site ahead of schedule, DigiTimes reports [more]
- Influencer warns followers that Olaplex (OLPX) broke her hair, Bloomberg says [more]
- Goldman Sachs (GS) is considering shrinking its investment bank bonuses by 40%, FT reports [more]
- Amazon (AMZN) is facing a $280M lawsuit from Gilimex, Bloomberg says [more]
4. MOVERS:
- Avidity Biosciences (RNA) higher after announcing results from its Phase 1/2 MARINA trial [more]
- Kymera Therapeutics (KYMR) gains after announcing results from its Phase 1 trial of KT-474 [more]
- Bloom Energy (BE) rises after UBS initiated the stock with a Buy rating and $35 price target [more]
- XPeng (XPEV) declines in New York after Daiwa downgraded the stock to Sell [more]
- QuantumScape (QS) falls after Goldman Sachs cut the stock to Sell [more]
5. EARNINGS/GUIDANCE:
- Rev Group (REVG) reported upbeat Q4 results [more]
- Lennox (LII) provided FY23 earnings and revenue guidance [more]
- PHX Minerals (PHX) reported mixed Q4 results [more]
- Braze (BRZE) reported upbeat Q3 earnings and revenue [more]
- ABM (ABM) reported better-than-expected Q4 results [more]
INDEXES:
The Dow fell 142.29, or 0.42%, to 33,966.35, the Nasdaq lost 85.93, or 0.76%, to 11,170.89, and the S&P 500 declined 24.33, or 0.61%, to 3,995.32.