Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Nvidia (NVDA) shares are slightly lower/higher near midday despite a report last night that Wall Street analysts called "stellar" and "just another run-of-the-mill blowout quarter" [read more]
- HP Inc. (HPQ) reported in-line fiscal Q4 financials and reaffirmed 2024 guidance across key items, though its Q1 earnings outlook is slightly below expectations [read more]
- Deere (DE) beat consensus expectations for its fiscal Q4, but forecast net income for 2024 that missed the average analyst estimate [read more]
- Sam Altman is set to return as CEO of OpenAI five days after the board fired him and Microsoft (MSFT) said it agreed to hire him [read more]
- Alibaba founder Jack Ma pulls back on plans to trim stake, Bloomberg reports [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Citi (C) in discussions to start new private credit strategy, Bloomberg reports [read more]
- Last week's court ruling on German finances could cost Intel (INTC) billions of euros in subsidies, Reuters reports [read more]
- Activist investors are putting pressure on Entain (GMVHF), FT reports [read more]
- Silver Lake is likely to sell "a lot" of Broadcom (AVGO) shares the firm receives as a holder of VMware (VMW) stock, CNBC says [read more]
- London tribunal has ruled Sony (SNY) must answer to a $7.9B lawsuit regarding unfair prices for customers, Reuters reports [read more]
4. MOVERS:
- Hims & Hers (HIMS) higher after BofA added the stock to its "Endeavor List" [read more]
- DLocal (DLO) falls after reporting quarterly results and announcing its CFO will step down to pursue new opportunities [read more]
- Tesla (TSLA) declines after cutting its Model Y inventory prices [read more]
- APA Corp (APA) lower after Citi downgraded the stock to Neutral [read more]
- Safety Shot (SHOT) drops after Capybara Research targets in short report [read more]
5. EARNINGS/GUIDANCE:
- Urban Outfitters (URBN) reported Q3 EPS and revenue that beat consensus [read more]
- Nordstrom (JWN) reported Q3 results and narrowed its FY23 guidance, with CEO Erik Nordstrom commenting "we're especially pleased with the resulting improvements in gross margins and earnings" [read more]
- Guess (GES) reported Q3 results and cut its FY24 guidance [read more]
- Autodesk (ADSK) reported Q3 results and provided guidance, with Piper Sandler downgrading the stock to Neutral and commenting the company's outlook is "substantially less optimistic" [read more]
- GDS Holdings (GDS) reported Q3 EPS and revenue that missed consensus [read more]
INDEXES:
Near midday, the Dow was up 178.51, or 0.51%, to 35,266.80, the Nasdaq was up 86.39, or 0.61%, to 14,286.38, and the S&P 500 was up 20.25, or 0.45%, to 4,558.44.