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]
- Goldman Sachs (GS) announced a new buyback program of up to $30B of shares [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]
- The U.S. Justice Department is preparing a suit to block Adobe's (ADBE) acquisition of Figma, Bloomberg reports [read more]
- Cvent (CVT) rejected $8 per share takeover offer from Blackstone (BX), Reuters says [read more]
- Pioneer Natural (PXD) is weighing a takeover of Range Resources (RRC), Bloomberg 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:
The Dow fell 336.99, or 1.02%, to 32,816.92, the Nasdaq lost 195.46, or 1.69%, to 11,394.94, and the S&P 500 declined 42.28, or 1.05%, to 3,970.04.