Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Accenture (ACN) reported upbeat Q1 results and reiterated its FY24 guidance [read more]
- FactSet (FDS) reported better-than-expected Q1 results but lowered its FY24 earnings outlook [read more]
- Google (GOOGL) will pay $700M to settle a lawsuit over the Play Store, FT reports [read more]
- Carlyle (CG) and Insight Partners will invest in SaaS company Exiger [read more]
- The CFPB has ordered U.S. Bank (USB) to pay $21M for COVID-19-era conduct [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Tencent's (TCEHY) U.S. game studio Team Kaiju has been shut down, Reuters reports [read more]
- Amazon (AMZN) is in talks to invest in sports rights holder Diamond Sports, WSJ says [read more]
- Tesla (TSLA) has told staff that some set-rate hourly workers at its Sparks, Nevada factory will see pay boosts around 10%, CNBC says [read more]
- Billionaire Carl Icahn intends to launch a new proxy battle to take control of Illumina's (ILMN) board of directors, Bloomberg says [read more]
- Activist investor Cevian has placed a EUR 1.2B bet on UBS (UBS), FT reports [read more]
4. MOVERS:
- Crinetics (CRNX) increases after announcing initial findings from its ongoing open-label Phase 2 carcinoid syndrome study of paltusotine [read more]
- Affirm (AFRM) higher after announcing it has expanded its services with Walmart (WMT) to bring its pay-over-time options to self-checkout kiosks [read more]
- Marathon Digital (MARA) gains after entering an agreement to acquire two Bitcoin mining sites from subsidiaries of Generate Capital for a total of $178.6M [read more]
- CureVac (CVAC) falls after announcing the nullity action filed by BioNTech (BNTX) against the German part of CureVac's patent has been granted by the German Federal Patent Court [read more]
- Vertex Energy (VTNR) declines after Stifel downgraded the stock to Hold from Buy [read more]
5. EARNINGS/GUIDANCE:
- Organigram (OGI) reported Q4 revenue higher year-over-year [read more]
- FuelCell (FCEL) reported Q4 EPS and revenue, with CEO Jason Few commenting "We were very pleased with our operational execution during the fiscal year, which we believe positions FuelCell Energy for future growth" [read more]
- LiveOne (LVO) issued revenue guidance for FY24 and FY25 [read more]
- Byrna Technologies (BYRN) provided guidance for Q4, which is above current consensus [read more]
- Heico (HEI) reported Q4 results, with EPS and revenue beating consensus [read more]
INDEXES:
Near midday, the Dow was up 205.93, or 0.55%, to 37,511.95, the Nasdaq was up 63.97, or 0.43%, to 14,969.17, and the S&P 500 was up 20.48, or 0.43%, to 4,761.04.