Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Microsoft (MSFT) reported upbeat Q2 results, with Cloud revenue up 29% in constant currency, but shares reversed in after-hours trading as Azure guidance was discussed [more]
- AT&T (T) reported mixed Q4 results and provided downbeat FY23 earnings guidance [more]
- Boeing (BA) reported downbeat Q4 results and reaffirmed its operating cash flow outlook for FY23 [more]
- Texas Instruments (TXN) reported better-than-expected Q4 results [more]
- Rupert Murdoch withdrew his proposal to explore a combination of Fox (FOXA) and News Corp. (NWSA) [more]
2. WALL STREET CALLS:
- Fisker (FSR), Li-Cycle (LICY) and Freyr Battery (FREY) downgraded while Tesla (TSLA) was named new "Top Pick" at Morgan Stanley amid EV "reset" [more]
- BMO downgrades Microsoft (MSFT) post results on Azure uncertainty [more]
- Philip Morris (PM) upgraded to Buy from Neutral at Goldman Sachs [more]
- Block (SQ) downgraded to Perform from Outperform at Oppenheimer [more]
- Loop upgrades News Corp. (NWSA) and Fox (FOXA) to Buy after Murdoch withdraws tie-up proposal [more]
3. AROUND THE WEB:
- Walgreens (WBA) is weighing the sale of its $2B pharmacy automation business, Bloomberg reports [more]
- Apollo Global (APO) and Marcelo Claure are considering a takeover of Millicom (TIGO), FT reports [more]
- Dentsply Sirona (XRAY) is weighing a potential carve-out of Wellspect, Bloomberg says [more]
- The DOJ is probing Goodyear Tire's (GT) handling of a recalled tire, WSJ reports [more]
- Juul in deal discussions with Philip Morris (PM), Altria (MO), Japan Tobacco (JAPAY), WSJ says [more]
4. MOVERS:
- Stride (LRN) higher after reporting quarterly results [more]
- Canoo (GOEV) gains after signing an exclusive sale, service, and distribution agreement with GCC Olayan [more]
- Shopify (SHOP) increases in New York after announcing changes to its 2023 plan pricing [more]
- Precigen (PGEN) lower after announcing a 42.86M share offering [more]
- Extreme Networks (EXTR) falls after reporting quarterly results and after announcing the retirement of its CFO [more]
5. EARNINGS/GUIDANCE:
- Capital One (COF) reported downbeat Q4 results [more]
- Abbott (ABT) reported upbeat Q4 earnings and revenue [more]
- General Dynamics (GD) reported better-than-expected Q4 results [more]
- Kimberly-Clark (KMB) reported upbeat Q4 results [more]
- Intuitive Surgical (ISRG) reported downbeat Q4 results [more]
INDEXES:
The Dow rose 9.88, or 0.029%, to 33,743.84, the Nasdaq lost 20.91, or 0.18%, to 11,313.36, and the S&P 500 declined 0.73, or 0.018%, to 4,016.22.