Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- CVS Health (CVS) introduced a new pharmacy reimbursement model, reiterated its FY23 earnings guidance, and raised its quarterly dividend [read more]
- Take-Two's (TTWO) Rockstar said that "Grand Theft Auto VI" will release on PlayStation 5 (SONY) and Xbox Series X/S (MSFT) in 2025 [read more]
- Johnson & Johnson (JNJ) provided downbeat adjusted earnings guidance for FY24 [read more]
- J.M. Smucker (SJM) reported upbeat Q2 earnings but lowered its FY24 earnings outlook [read more]
- AutoZone (AZO) reported better-than-expected Q1 results [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- A group of 83 Spanish media outlets has filed a $600M lawsuit against Meta (META), Reuters reports [read more]
- GM's (GM) Cruise faces fines for withholding information on a accident that occurred in early October, TechCrunch says [read more]
- Allete (ALE) working with bank to explore possible sale, Reuters reports [read more]
- New PayPal (PYPL) CEO Alex Chriss is fast-tracking upgrades amid competition, The Information reports [read more]
- Diageo (DEO) is looking to sell part of its beer portfolio, Axios reports [read more]
4. MOVERS:
- EyePoint (EYPT) higher after announcing a $175M stock offering [read more]
- Robinhood (HOOD) increases after disclosing customers contributed $1.4B of net deposits in November [read more]
- Marathon Digital (MARA) gains after announcing it produced 1,187 bitcoin in November [read more]
- Replimune Group (REPL) drops after announcing the CERPASS trial in CSCC did not meet either of the two primary endpoints [read more]
- Designer Brands (DBI) falls after reporting quarterly results and cutting its FY23 guidance [read more]
5. EARNINGS/GUIDANCE:
- GitLab (GTLB) reported Q3 results and raised its FY24 guidance [read more]
- Signet Jewelers (SIG) announced results for Q3 and widened its FY24 outlook [read more]
- G-III Apparel (GIII) reported Q3 results, with CEO Morris Goldfarb commenting "we delivered strong profitability… driven by strength across our wholesale segment, our prudent inventory management and our financial discipline" [read more]
- SAIC (SAIC) announced Q3 results, raised its FY24 guidance, and provided its outlook for FY25 [read more]
- Joann (JOAN) reported Q3 results and provided guidance for FY24 [read more]
INDEXES:
The Dow fell 79.88, or 0.22%, to 36,124.56, the Nasdaq gained 44.42, or 0.31%, to 14,229.91, and the S&P 500 declined 2.60, or 0.057%, to 4,567.18.