Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Elon Musk sold 22M more shares of Tesla (TSLA) for $3.58B, his third such sale since he declared in April there would be "no further TSLA sales" [more]
- Netflix (NFLX) is falling short of ad-supported viewership guarantees, according to Digiday [more]
- FIS (FIS) announced it will undertake a strategic review and add a new director to its board after involvement from activists D.E. Shaw Group and Jana Partners [more]
- Lennar (LEN) reported upbeat Q4 results, said its balance sheet "has never been in a stronger position" [more]
- The European Central Bank and Bank of England both raised interest rates this morning after the U.S. Fed did the same yesterday [more]
2. WALL STREET CALLS:
- Western Digital (WDC) downgraded to Sell from Neutral at Goldman Sachs [more]
- Nvidia (NVDA) initiated with a Reduce at HSBC [more]
- Verizon (VZ) upgraded to Overweight at Morgan Stanley while AT&T (T) was downgraded to Equal Weight [more]
- Snap (SNAP) and Trade Desk (TTD) were downgraded as a new analyst took over at Jefferies based on view that the Street is "overly optimistic" on digital advertising growth in 2023 and 2024 [more]
- Delta Air Lines (DAL) downgraded to In Line at Evercore ISI following Delta's investor day [more]
3. AROUND THE WEB:
- Senator Ron Wyden has asked the FTC to probe Nuestar's (TRU) data sales to the U.S. government, WaPo reports [more]
- Ford (F) boosted the price of the F-150 Lightning, Electrek reports [more]
- Netflix (NFLX) told Bloomberg it is pleased with the "successful launch" of its ad-tier [more]
- Taiwan will be Micron's (MU) main EUV DRAM production base, DigiTimes reports [more]
- Amazon (AMZN) will make changes to business practices as part of an EU settlement, NY Times reports [more]
4. MOVERS:
- AbCellera Biologics (ABCL) higher in New York after entering a strategic collaboration with AbbVie (ABBV) [more]
- Plug Power (PLUG) gains after announcing a collaboration with Nikola (NKLA) for green hydrogen development [more]
- Third Harmonic Bio (THRD) lower after discontinuing its Phase 1b study of THB001 [more]
- New Fortress Energy (NFE) declines after filing to sell 6.9M of its stock [more]
- Roblox (RBLX) falls after reporting November revenue and daily active users [more]
5. EARNINGS/GUIDANCE:
- Novavax (NVAX) reaffirmed its FY22 revenue guidance [more]
- Planet Labs (PL) provided a "beat and raise" report for Q3 [more]
- Jabil Circuit (JBL) also provided a "beat and raise" report for Q1 [more]
- Hexo (HEXO) reported a year-over-year decline in Q1 revenue [more]
- Nucor (NUE) provided downbeat Q4 earnings guidance [more]
INDEXES:
The Dow fell 764.13, or 2.25%, to 33,202.22, the Nasdaq lost 360.36, or 3.23%, to 10,810.53, and the S&P 500 declined 99.57, or 2.49%, to 3,895.75.