Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- FedEx (FDX) is warning of potential delays for packages due December 23 and 24 [more]
- Meta (META) will settle the Cambridge Analytica scandal case for $725M [more]
- Tesla's (TSLA) Elon Musk said he will not sell more shares for another two years, according to Reuters [more]
- Seadrill (SDRL) will acquire Aquadrill in an all stock transaction valued at $958M [more]
- The FTC will order MasterCard (MA) to provide competing networks with customer data [more]
2. WALL STREET CALLS:
- Paramount (PARA) cut to Sell at Loop Capital amid declining earnings and cash flow [more]
- Charter (CHTR) upgraded to Equal Weight from Underweight at Wells Fargo [more]
- Tesla (TSLA) price target lowered to $175 from $250 at Wedbush [more]
- Toro Company (TTC) upgraded to Outperform from Market Perform at Raymond James [more]
- Applied Molecular Transport (AMTI) downgraded to Market Perform from Outperform at JMP Securities [more]
3. AROUND THE WEB:
- Michael Bloomberg is interested in either buying Dow Jones (NWSA) or the Washington Post, Axios says [more]
- HP Enterprise (HPE) is no longer in talks with Nutanix (NTNX), Dealreporter says [more]
- Goldman Sachs (GS) offers more services through a partnership with Apple (AAPL), WSJ reports [more]
- Warner Bros. Discovery (WBD) backs triathlon start-up, FT reports [more]
- TSMC (TSM) is in talks to set up its first European plant, FT says [more]
4. MOVERS:
- Ecopetrol (EC) higher in New York after obtaining authorization for the issuance of domestic bonds in Colombia [more]
- Coinbase (COIN) gains after Cathie Wood’s ARK Investment bough 23.5K shares of its stock [more]
- Kalera (KAL) lower after shareholders approve 100-for-1 reverse stock split [more]
- Atai Life Sciences (ATAI) declines in New York after reporting results from its Phase 1 trial of KUR-101 [more]
- FuboTV (FUBO) falls after Needham lowered its price target on the stock [more]
5. EARNINGS/GUIDANCE:
- Mission Produce (AVO) reported downbeat Q4 results [more]
- Limoneira (LMNR) reported mixed Q4 results [more]
- Micron (MU) should be accumulated on post-earnings pullbacks, says JPMorgan [more]
- JPMorgan said it is too early to jump in at CarMax (KMX) following its Q3 report [more]
- No fewer than six analysts cut their price targets on Paychex (PAYX) despite its "beat and raise" report for Q2 [more]
INDEXES:
Near midday, the Dow was up 114.43, or 0.35%, to 33,141.92, the Nasdaq was down 9.54, or 0.09%, to 10,466.58, and the S&P 500 was up 13.09, or 0.34%, to 3,835.48.