Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Airbnb (ABNB) reported better-than-expected Q4 earnings and revenue [read more]
- Tesla (TSLA) plans to open a portion of its U.S. supercharger network to non-Tesla EVs [read more]
- Kraft Heinz (KHC) reported upbeat Q4 results [read more]
- Biogen (BIIB) reported better-than-expected Q4 results [read more]
- Analog Devices (ADI) reported upbeat Q1 results and raised its quarterly dividend [read more]
2. WALL STREET CALLS:
- Loop Capital upgrades Upstart (UPST) to Buy after "difficult" Q4, while Citi downgrades to Sell [read more]
- Citi downgrades Bath & Body (BBWI) on risk of margin "reset" [read more]
- RBC Capital cuts Akamai (AKAM) to Sector Perform amid shift in focus [read more]
- American Eagle (AEO), Lulu's Fashion Lounge (LVLU) downgraded at Jefferies, firm more cautious on apparel companies [read more]
- Barclays starts autos and mobility sector, says Tesla (TSLA) stands out [read more]
3. AROUND THE WEB:
- Goldman Sachs (GS) drops plans for DTC credit card amid strategy shift, CNBC reports [read more]
- The EU is set to launch an antitrust case against Amazon's (AMZN) acquisition of iRobot (IRBT), FT reports [read more]
- TSMC (TSM) will invest up to $3.5B in Arizona fab, DigiTimes reports [read more]
- Apple (AAPL) will evaluate Pay Later customers based on spending history, Bloomberg reports [read more]
- Tesla (TSLA) will halt Shanghai production until the end of the month, Bloomberg says [read more]
4. MOVERS:
- NerdWallet (NRDS) and Herbalife (HLF) gain after reporting quarterly results [read more]
- Pagaya Technologies (PGY) increases in New York after reporting quarterly results and providing guidance for Q1 and FY23 [read more]
- Nano Dimension (NNDM) higher in New York after initiating a $100M active share repurchase process [read more]
- Barclays (BCS) and Barrick Gold (GOLD) lower in New York after reporting quarterly results [read more]
- Credo Technology (CRDO) declines after providing guidance for Q4 [read more]
5. EARNINGS/GUIDANCE:
- Roblox (RBLX) reported upbeat Q4 results [read more]
- Devon Energy (DVN) reported mixed Q4 results [read more]
- Sabre (SABR) reported downbeat Q4 results [read more]
- Upstart (UPST) reported better-than-expected Q4 results [read more]
- Trade Desk (TTD) reported upbeat Q4 results [read more]
INDEXES:
The Dow fell 71.67, or 0.21%, to 34,017.60, the Nasdaq gained 44.79, or 0.37%, to 12,004.94, and the S&P 500 declined 1.99, or 0.05%, to 4,134.14.