Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- First Citizens (FCNCA) agreed to acquire the deposits and loans of Silicon Valley Bank (SIVB) [read more]
- Elliott will not proceed with Salesforce (CRM) director nominations in light of the company's previously announced multi-year growth framework, fiscal year 2023 results and fiscal year 2024 transformation initiatives [read more]
- Carnival (CCL) reported better-than-expected Q1 results [read more]
- Jounce (JNCE) agreed to be acquired by Concentra for $1.85 in cash plus a non-tradeable contingent value right [read more]
- The U.S. CFTC has charged Binance and founder Changpeng Zhao with regulatory violations [read more]
2. WALL STREET CALLS:
- Caterpillar (CAT) and United Rentals (URI) were both downgraded to Underperform from Neutral at Baird [read more]
- Pinterest (PINS) upgraded to Buy from Neutral at UBS [read more]
- Susquehanna upgrades Roku (ROKU) to Positive on attractive risk/reward [read more]
- Dish (DISH) downgraded to Neutral from Buy at UBS [read more]
- Corning (GLW) upgraded to Buy from Hold at Deutsche Bank [read more]
3. AROUND THE WEB:
- Mattel (MAT) is "back in play" after a new severance plan, Dealreporter says [read more]
- Alibaba (BABA) founder Jack Ma has returned to China, Reuters reports [read more]
- Microsoft (MSFT) threatens to cut rivals' Bing search index access, Bloomberg reports [read more]
- Uber Eats (UBER) will remove thousands of online-only brands, WSJ reports [read more]
- Apple (AAPL) demos mixed reality headset for top 100 executives, Bloomberg says [read more]
4. MOVERS:
- First Republic Bank (FRC) higher after Bloomberg reported U.S authorities are considering expanding an emergency lending facility for banks [read more]
- Iovance Biotherapeutics (IOVA) gains after completing its BLA submission for lifileucel [read more]
- Marqeta (MQ) rises after Wolfe Research upgraded the stock to Outperform [read more]
- Frontier Communications (FYBR) decreases after Morgan Stanley downgraded the stock to Underweight [read more]
- Coinbase (COIN) falls after Barclays lowered its price target on the stock to $70 from $86 [read more]
5. EARNINGS/GUIDANCE:
- LianBio (LIAN) reported upbeat Q4 earnings [read more]
- H World Group (HTHT) reported mixed Q4 results [read more]
- Delcath Systems (DCTH) reported downbeat Q4 earnings and revenue [read more]
- Reneo Pharmaceuticals (RPHM) reported upbeat Q4 earnings [read more]
- Venus Concept (VERO) reported upbeat Q4 revenue [read more]
INDEXES:
Near midday, the Dow was up 155.41, or 0.48%, to 32,392.94, the Nasdaq was down 70.54, or 0.60%, to 11,753.42, and the S&P 500 was up 2.47, or 0.06%, to 3,973.46.