Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- GE Healthcare (GEHC) reported mixed Q4 results and provided FY23 earnings guidance [more]
- Ford (F) will "significantly increase" Mustang Mach-E production and cut prices [more]
- Philips (PHG) reported downbeat Q4 results and said it will reduce its workforce by an additional 3,000 roles in 2023 [more]
- SoFi Technologies (SOFI) reported upbeat Q4 results [more]
- Alliance Resource Partners (ARLP) reported better-than-expected Q4 results and increased its unit repurchase program to $100M [more]
2. WALL STREET CALLS:
- Tesla (TSLA) upgraded to Buy from Hold at Berenberg [more]
- Regeneron (REGN) upgraded at Cowen with Eylea "secure" and pipeline "delivering" [more]
- Okta (OKTA) upgraded to Buy from Hold at Stifel [more]
- General Motors (GM) downgraded to Hold from Buy at Berenberg [more]
- Kohl's (KSS) initiated with a Sell, Macy's (M) started with a Buy at Goldman Sachs [more]
3. AROUND THE WEB:
- Amgen (AMGN) is laying off about 1% of its workforce, Reuters reports [more]
- Southwest (LUV) is testing software fixes developed after travel meltdown, CNN reports [more]
- Tesla (TSLA) faces owner backlash after big price cuts, WSJ reports [more]
- Fuzzy Panda is short Lucid Group (LCID), calls buyout rumor "fake news" [more]
- JPMorgan (JPM) is reviewing oversight of traders, Reuters says [more]
4. MOVERS:
- Colgate-Palmolive (CL) higher after Morgan Stanley upgraded the stock to Overweight [more]
- Golden Ocean (GOGL) gained in New York after Fearnley upgraded the stock to Buy [more]
- Axalta Coating (AXTA) rose after Citi and Deutsche Bank both upgraded the stock to Buy [more]
- Johnson & Johnson (JNJ) fell after court rejects bankruptcy plan for talc lawsuits [more]
- Ginko Bioworks (DNA) lower after a filing related to the possible resale of 7.28M shares of common stock by certain selling securityholders [more]
5. EARNINGS/GUIDANCE:
- Franklin Resources (BEN) reported downbeat Q1 earnings [more]
- Dynex Capital (DX) reported lower-than-expected adjusted earnings for Q4 [more]
- Sierra Bancorp (BSRR) reported downbeat Q4 results [more]
- Alpha Metallurgical (AMR) reported lower-than-expected Q4 earnings [more]
- Fora Growth (FLGC) provided FY23 revenue guidance [more]
INDEXES:
The Dow fell 260.99, or 0.77%, to 33,717.09, the Nasdaq lost 227.90, or 1.96%, to 11,393.81, and the S&P 500 declined 52.79, or 1.30%, to 4,017.77.