Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- FedEx (FDX) provided a "beat and raise" report for Q3 [read more]
- SVB Financial (SIVB) has commenced Chapter 11 bankruptcy [read more]
- U.S. Steel (X) provided upbeat Q1 earnings and EBITDA guidance [read more]
- Baidu (BIDU) has been granted permits for fully driverless ride-hailing service in Beijing [read more]
- Groupon (GRPN) reported downbeat Q4 revenue, adding that it expects to reduce its current cost structure by an additional $100M [read more]
2. WALL STREET CALLS:
- Nvidia (NVDA) was upgraded to Overweight from Equal Weight at Morgan Stanley [read more]
- Warner Bros. Discovery (WBD) upgraded to Buy-equivalent ratings at Wells Fargo and Wolfe Research [read more]
- Oppenheimer downgraded RingCentral (RNG) to Perform without a price target [read more]
- Braze (BRZE) was downgraded to Neutral from Buy at UBS [read more]
- Bumble (BMBL) was initiated with a Buy rating and $24 price target at Citi [read more]
3. AROUND THE WEB:
- Disney+ (DIS) subscribers have accepted a recent price increase, WSJ reports [read more]
- Billionaire Jim Ratcliffe toured Manchester United (MANU) as part of a bid, AP reports [read more]
- Motive Partners is in talks to buy ACI Worldwide (ACIW), Bloomberg reports [read more]
- Ford (F) will recall 1.5M cars to repair brake hoses and wiper arms, AP says [read more]
- TikTok is in talks with potential buyers, NY Post says [read more]
4. MOVERS:
- Traeger (COOK) higher after reporting quarterly results and providing Q1 and FY24 guidance [read more]
- Coinbase (COIN) gains after report of talks with clients about new overseas crypto platform [read more]
- LivePerson (LPSN) rises after Credit Suisse upgraded the stock to Neutral [read more]
- Purple Innovation (PRPL) lower after reporting quarterly results, delaying its 10-K filing, and announcing Coliseum Capital Management rejected its recent settlement proposal [read more]
- Sarepta Therapeutics (SRPT) falls after announcing an advisory committee meeting will be held for SRP-9001 [read more]
5. EARNINGS/GUIDANCE:
- XPeng (XPEV) reported downbeat Q4 results [read more]
- Revlon (REV) reported a year-over-year decline in Q4 earnings and revenue [read more]
- Ballard Power (BLDP) reported mixed Q4 results [read more]
- Gossamer Bio (GOSS) reported upbeat Q4 earnings [read more]
- Algonquin Power (AQN) reported upbeat Q4 revenue [read more]
INDEXES:
Near midday, the Dow was down 358.82, or 1.11%, to 31,887.73, the Nasdaq was down 129.60, or 1.11%, to 11,587.68, and the S&P 500 was down 33.73, or 0.85%, to 3,926.55.