Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- UAW workers at Ford's (F) Kentucky Truck Plant are striking [read more]
- Microsoft (MSFT) said the IRS is seeking an added tax payment of $28.9B plus penalties and interest [read more]
- Delta (DAL) reported upbeat Q3 results but cut its FY23 earnings guidance [read more]
- Walgreens Boots Alliance (WBA) reported mixed Q4 results and provided FY24 earnings and revenue guidance [read more]
- Live Ventures (LIVE) proposed to acquire LL Flooring (LL) for $5.85 per share [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- TSMC (TSM) plans to make 6-nanometer chips at its second production facility being built in Japan, Nikkei Asia reports [read more]
- Several key former employees at Arm's (ARM) China venture have departed for Borui Jingxin, a local government-backed chip design firm, Bloomberg reports [read more]
- Chipotle (CMG) plans to raise its prices again, CNBC says [read more]
- Glazers favor Ratcliffe bid for minority Manchester United (MANU) stake, Bloomberg says [read more]
- Comcast (CMCSA) and Disney (DIS) have hired investment banks to determine the value of Hulu, CNBC reports [read more]
4. MOVERS:
- Scholar Rock (SRRK) rises after announcing it plans to advance SRK-439 towards an IND in 2025 [read more]
- ViaSat (VSAT) gains after providing an update on its VS-3 F1 satellite and its cash flow [read more]
- Cerevel Therapeutics (CERE) higher after announcing a 19.73M share offering priced at $22.81 [read more]
- InMode (INMD) declines in New York after providing guidance for Q3 and cutting its FY23 revenue outlook [read more]
- Hormel (HRL) lower after issuing financial targets and reaching a new labor agreement [read more]
5. EARNINGS/GUIDANCE:
- Domino's Pizza (DPZ) reported better-than-expected Q3 earnings [read more]
- Fastenal (FAST) reported Q3 results [read more]
- QuidelOrtho (QDEL) reported preliminary Q3 results and backed its FY23 guidance [read more]
- Infosys (INFY) reported Q2 results and provided guidance for FY24 [read more]
- Evolv (EVLV) provided revenue guidance for Q3 and also confirmed the FTC requested information about the company's marketing practices [read more]
INDEXES:
The Dow fell 173.73, or 0.51%, to 33,631.14, the Nasdaq lost 85.46, or 0.63%, to 13,574.22, and the S&P 500 declined 27.34, or 0.62%, to 4,349.61.