Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Lyft (LYFT) reported downbeat Q4 adjusted EBITDA and provided lower-than-expected Q1 revenue guidance [more]
- PayPal (PYPL) reported upbeat Q4 results and announced that CEO Dan Schulman will retire at year-end [more]
- News Corp. (NWS) reported downbeat Q2 results and announced a 5% headcount reduction [more]
- Expedia (EXPE) reported downbeat Q4 earnings and revenue [more]
- Alteryx (AYX) reported upbeat Q4 results [more]
2. WALL STREET CALLS:
- No fewer than eight firms downgraded Lyft (LYFT) after its quarterly results [more]
- AbbVie (ABBV) upgraded to Market Perform from Underperform at SVB Securities [more]
- VF Corp. (VFC) was upgraded to Buy from Hold at Stifel [more]
- Mizuho upgraded Micron (MU), Western Digital (WDC), and Seagate (STX) [more]
- Gordon Haskett upgraded Walmart (WMT) to Accumulate from Hold [more]
3. AROUND THE WEB:
- Southwest (LUV) COO says airline working on revamping technology, WSJ reports [more]
- Families of Boeing (BA) 737 Max crash victims lose bid to throw out U.S. deal, Bloomberg reports [more]
- Amazon (AMZN) exploring acquisition of MX Player, TechCrunch reports [more]
- Microsoft (MSFT) cuts jobs in Surface, HoloLens, Xbox units, Bloomberg says [more]
- Premier League extends EA (EA) partnership, Sky reports [more]
4. MOVERS:
- DexCom (DXCM) gains after reporting quarterly results [more]
- International Flavors & Flavors (IFF) up after BofA upgraded the stock to Neutral [more]
- Spotify Technology (SPOT) higher in New York after Bloomberg reported ValueAct has taken a stake in the stock [more]
- Hyzon Motors (HYZN) falls after announcing it will appeal Nasdaq’s listing determination [more]
- Bark (BARK) and Magna (MGA) lower in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Cloudflare (NET) reported upbeat Q4 results [more]
- Newell Brands (NWL) reported better-than-expected Q4 results [more]
- Yelp (YELP) reported better-than-expected Q4 revenue [more]
- Flowserve (FLS) reported upbeat preliminary Q4 revenue and announced the acquisition of Velan [more]
- Iqvia (IQV) reported upbeat Q4 results [more]
INDEXES:
Near midday, the Dow was up 48.70, or 0.14%, to 33,748.58, the Nasdaq was down 130.25, or 1.10%, to 11,659.32, and the S&P 500 was down 10.25, or 0.25%, to 4,071.25.