Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Nike (NKE) shares rose following the company's "across-the-board beat" in Q2 and "surprise" FY23 guidance raise [more]
- FedEx (FDX) reported upbeat Q2 earnings and said it identified an incremental $1B in cost savings beyond its September forecast [more]
- Tesla (TSLA) CEO Elon Musk said he will resign as Twitter (TWTR) CEO once a successor is found [more]
- American Equity (AEL) rejected an acquisition proposal from Prosperity and Elliott [more]
- Alphabet's (GOOGL) YouTube is in discussions to pay $2.5B for rights to the National Football League's Sunday Ticket package of games, according to The New York Times [more]
2. WALL STREET CALLS:
- Wolfe sees opportunity to "make money on the short side" of Palantir (PLTR), downgrades to Underperform [more]
- Starbucks (SBUX) downgraded to Hold from Buy at Jefferies [more]
- New Street upgrades "cheapest PayCo in the world" PagSeguro (PAGS) to Buy [more]
- Gordon Haskett downgraded Target (TGT) to Hold, citing traffic levels that have "meaningfully eroded" [more]
- Wolfe Research downgraded Roblox (RBLX) to Underperform following the company's "disappointing" November update [more]
3. AROUND THE WEB:
- Land & Buildings urges Six Flags (SIX) to monetize its real estate, WSJ reports [more]
- RealReal (REAL) could be a market consolidator as resale ripe for M&A, Axios says [more]
- Okta (OKTA) repositories hacked, source code stolen, BleepingComputer reports [more]
- Meta (META) CEO Mark Zuckerberg testified in U.S. federal court about the company's VR ambitions and Within deal, NY Times reports [more]
- Tremor International (TRMR) is exploring a sale, Sky News says [more]
4. MOVERS:
- Sintx Technologies (SINT) higher after being awarded a Phase I contract for $150,000 from the U.S. Missile Defense Agency [more]
- Nikola (NKLA) gains after confirming its plan with E.ON (EONGY) to make competitive hydrogen fuel cell electric vehicles [more]
- Solid Power (SLDP) increases after expanding its joint development agreement with BMW (BMWYY) [more]
- BlackBerry (BB) declines in New York after reporting quarterly results [more]
- Calavo Growers (CVGW) falls after the company "missed significantly" on the top line on both soft avocado volume and pricing, leading to a Q4 bottom line miss [more]
5. EARNINGS/GUIDANCE:
- Rite Aid (RAD) reported upbeat Q3 results but cut its FY23 earnings guidance [more]
- Carnival (CCL) reported mixed Q4 results [more]
- Toro Company (TTC) reported better-than-expected Q4 results [more]
- Cintas (CTAS) provided a "beat and raise" report for Q2 [more]
- Emcore (EMKR) reported downbeat Q4 earnings [more]
INDEXES:
Near midday, the Dow was up 480.61, or 1.46%, to 33,330.35, the Nasdaq was up 152.40, or 1.44%, to 10,699.51, and the S&P 500 was up 52.08, or 1.36%, to 3,873.70.