Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Home Depot (HD) reported mixed Q4 results [read more]
- Meta (META) testing subscription service, Meta Verified [read more]
- Teck Resources (TECK) will separate into two publicly-listed companies [read more]
- Disney (DIS) said that "Avatar: The Way of Water" is now the third highest-grossing film ever [read more]
- Microsoft (MSFT) and Nvidia (NVDA) agreed to a 10-year partnerhsip to bring Xbox PC games to Nvidia GeForce Now [read more]
2. WALL STREET CALLS:
- Vir Biotechnology (VIR) upgraded to Buy from Neutral at Goldman Sachs [read more]
- Norfolk Southern (NSC) upgraded to Outperform from Peer Perform at Wolfe Research [read more]
- AutoNation (AN) downgraded to Underweight from Neutral at JPMorgan [read more]
- DocuSign (DOCU) downgraded to Sell from Neutral at UBS [read more]
- RE/MAX Holdings (RMAX) downgraded to Equal Weight at Stephens on lack of catalysts [read more]
3. AROUND THE WEB:
- Hackers allegedly steal games and employee data from Activision Blizzard (ATVI), TechCrunch says [read more]
- Finma is reviewing remarks made by Credit Suisse (CS) chairman Axel Lehmann, Reuters says [read more]
- TSMC (TSM) may delay Europe fab by two years, DigiTimes reports [read more]
- Tesla (TSLA) is mulling an offer for Sigma Lithium (SGML), Bloomberg reports [read more]
- AT&T (T) is seeking to shed its cybersecurity division, Reuters reports [read more]
4. MOVERS:
- Travere Therapeutics (TVTX) gains after the FDA granted an accelerated approval to Filspari [read more]
- Helix Energy (HLX) rises after reporting quarterly results [read more]
- Apellis (APLS) higher after announcing the FDA approved Syfovre for the treatment of GA [read more]
- Actinium (ATNM) lower after William Blair downgraded the stock to Market Perform following phase 3 SIERRA trial data [read more]
- BioCryst (BCRX) and Dana (DAN) decline after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Walmart (WMT) reported upbeat Q4 earnings, but gave a worse-than-expected outlook for this quarter [read more]
- Adtran (ADTN) reported downbeat preliminary Q4 earnings and revenue [read more]
- Expeditors (EXPD) reported downbeat Q4 results [read more]
- KLX Energy (KLXE) provided Q4 revenue guidance [read more]
- Medtronic (MDT) reported better-than-expected Q3 earnings and revenue [read more]
INDEXES:
The Dow fell 697.10, or 2.06%, to 33,129.59, the Nasdaq lost 294.97, or 2.50%, to 11,492.30, and the S&P 500 declined 81.75, or 2.00%, to 3,997.34.