Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Block (SQ) reported downbeat Q4 earnings but upbeat Q4 revenue [read more]
- Booking (BKNG) reported better-than-expected Q4 results and announced a $20B share buyback [read more]
- Warner Bros. Discovery (WBD) reported downbeat Q4 earnings and revenue [read more]
- Boeing (BA) halted 787 Dreamliner deliveries over a documentation issue, according to The Wall Street Journal [read more]
- The U.S. Justice Department is preparing a suit to block Adobe's (ADBE) acquisition of Figma, Bloomberg reports [read more]
2. WALL STREET CALLS:
- Baird and Citi each downgraded Domino's Pizza (DPZ) to Neutral [read more]
- Evercore ISI upgraded Block (SQ) to In Line from Underperform [read more]
- Canaccord upgraded Kratos Defense (KTOS) to Buy [read more]
- Goldman Sachs downgraded Yeti Holdings (YETI) to Neutral from Buy [read more]
- SVB Securities downgraded Moderna (MRNA) to Underperform [read more]
3. AROUND THE WEB:
- Molson Coors (TAP) was told to stop comparing competitors' beer to water, WSJ reports [read more]
- Ericsson (ERIC) is laying off 8,500 employees globally, Reuters reports [read more]
- British American Tobacco (BTI) shares could soar 25%, Barron's says [read more]
- Meta (META) must pay $175M for patent-infringement of livestreaming tech, Ars Technica reports [read more]
- Tencent's (TCEHY) top risk control executive is leaving amid a fintech revamp, Caixin says [read more]
4. MOVERS:
- Navitas Semiconductor (NVTS) gains after reporting quarterly results and providing Q1 guidance [read more]
- Zeta Global (ZETA) and Farfetch (FTCH) rise in New York after reporting quarterly results [read more]
- Esperion (ESPR) higher after Jefferies upgraded the stock to Buy [read more]
- Fulcrum Therapeutics (FULC) lower after announcing a clinical hold on FTX-6058 [read more]
- Nektar (NKTR) declines after reporting reporting Phase 2 data on rezpegaldesleukin in lupus [read more]
5. EARNINGS/GUIDANCE:
- Beyond Meat (BYND) reported upbeat Q4 results [read more]
- Cinemark (CNK) reported downbeat Q4 results [read more]
- MoneyGram (MGI) reported a year-over-year increase in Q4 earnings and revenue [read more]
- DigitalBridge (DBRG) reported better-than-expected Q4 results [read more]
- Turning Point Brands (TPB) reported upbeat Q4 earnings and revenue [read more]
INDEXES:
Near midday, the Dow was down 334.51, or 1.01%, to 32,819.40, the Nasdaq was down 194.88, or 1.68%, to 11,395.52, and the S&P 500 was down 46.01, or 1.15%, to 3,966.31.