Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- The U.S. Treasury Department is considering expanding FDIC coverage to all deposits, Bloomberg says [read more]
- The FDA is moving towards authorizing a second omicron booster, WSJ reports [read more]
- BlackBerry (BB) agreed to sell non-core patents and applications to Malikie for $900M [read more]
- Knight-Swift (KNX) will acquire U.S. Xpress Enterprises (USX) for $6.15 per share [read more]
- Canadian Solar (CSIQ) reported upbeat Q4 results [read more[
2. WALL STREET CALLS:
- Meta Platforms (META) upgraded to Overweight from Equal Weight at Morgan Stanley [read more]
- Evercore ISI upgraded Foot Locker (FL) to Outperform while Citi also upgraded Foot Locker to Buy following the company's investor day [read more]
- Harley-Davidson (HOG) upgraded to Overweight from Equal Weight at Morgan Stanley [read more]
- GoDaddy (GDDY) downgraded to Neutral on shift to mid-single-digit growth at Piper Sandler [read more]
- Deutsche Bank downgraded Armstrong World Industries (AWI) to Hold, citing its non-residential exposure [read more]
3. AROUND THE WEB:
- Pinduoduo (PDD) app suspended on Google's (GOOGL) Play Store, TechCrunch reports [read more]
- Volkswagen's (VWAGY) plans to pull out of Russia are now jeopardized, FT says [read more]
- Thermo Fisher (TMO) and Celltrion are competing for Baxter's (BAX) biopharma unit, Reuters reports [read more]
- The DOJ is dropping its effort to block UnitedHealth's (UNH) merger with Change, Law360 reports [read more]
- First Republic (FRC) is looking at downsizing if capital raise fails, Reuters says [read more]
4. MOVERS:
- Harmonic (HLIT) higher after announcing a partnership with Charter (CHTR) [read more]
- Tilray (TLRY) gains in New York after announcing Montauk Brewing expanded its distribution across the Northeast [read more]
- Canopy Growth (CGC) increases in New York after Acreage (ACRHF) obtained the final order for its strategic arrangement with the company [read more]
- Altimmune (ALT) sinks after announcing results from its interim analysis of MOMENTUM Phase 2 trial [read more]
- First Majestic (AG) lower in New York after announcing it will reduce its costs and suspend mining activities at Jerrit Canyon [read more]
5. EARNINGS/GUIDANCE:
- Tencent Music (TME) reported mixed Q4 results [read more]
- Huya (HUYA) reported upbeat Q4 earnings [read more]
- On Holding (ONON) reported a year-over-year increase in Q4 earnings [read more]
- LumiraDx (LMDX) reported mixed Q4 results [read more]
- ProFrac Holding (ACDC) reported downbeat Q4 earnings and revenue [read more]
INDEXES:
The Dow rose 316.02, or 0.98%, to 32,560.60, the Nasdaq gained 184.57, or 1.58%, to 11,860.11, and the S&P 500 advanced 51.30, or 1.30%, to 4,002.87.