Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- General Electric (GE) reported upbeat Q4 results but provided lower-than-expected FY23 earnings guidance [more]
- Johnson & Johnson (JNJ) reported mixed Q4 results and provided upbeat FY23 earnings guidance [more]
- 3M (MMM) reported downbeat Q4 earnings [more]
- Verizon (VZ) reported upbeat Q4 results [more]
- Amazon (AMZN) launched RxPass benefit to Prime members [more]
2. WALL STREET CALLS:
- Peloton (PTON) downgraded to Neutral from Outperform at Baird [more]
- Lululemon (LULU) downgraded to Underperform from Market Perform at Bernstein [more]
- KeyBanc upgrades Lyft (LYFT) on "meaningful opportunity" for EBITDA lift [more]
- AMD (AMD) downgraded to Market Perform from Outperform at Bernstein [more]
- Oppenheimer initiated coverage of Target (TGT) with an Outperform rating [more]
3. AROUND THE WEB:
- The DOJ is expected to sue Google (GOOGL) over digital ad market dominance, Bloomberg reports [more]
- Culper says short Xometry (XMTR), says it "misleads investors" about the business [more]
- Live Nation (LYV) will face the Senate at an antitrust-focused hearing, NY Times reports [more]
- Rivian's (RIVN) chief lobbyist Chen is set to leave the company, WSJ reports [more]
- Blizzard (ATVI) lead exits in protest of staff ranking system, Bloomberg says [more]
4. MOVERS:
- CymaBay (CBAY) higher after announcing a 10M stock offering [more]
- TG Therapeutics (TGTX) gains after Evercore ISI raised its price target on the stock to $25 from $16 [more]
- Cassava Sciences (SAVA) decreases after announcing clinical results in its Phase 2 study of simufilam [more]
- PennantPark (PFLT) lower after announcing a 4.25M share offering [more]
- Magna (MGA) falls in New York after narrowing its FY22 revenue guidance [more]
5. EARNINGS/GUIDANCE:
- Travelers (TRV) reported upbeat Q4 revenue [more]
- Lockheed Martin (LMT) reported upbeat Q4 results [more]
- D.R. Horton (DHI) reported better-than-expected Q1 results [more]
- PagerDuty (PD) reiterated Q4 and FY23 guidance after announcing a 7% headcount reduction [more]
- Southern First Bancshares (SFST) reported downbeat Q4 results [more]
INDEXES:
Near midday, the Dow was down 33.21, or 0.10%, to 33,596.35, the Nasdaq was down 23.54, or 0.21%, to 11,340.87, and the S&P 500 was down 9.66, or 0.24%, to 4,010.15.