Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
2. WALL STREET CALLS:
- Wells Fargo downgraded Boeing (BA) to Equal Weight [read more]
- Morgan Stanley and Gordon Haskett are taking different sides on Starbucks (SBUX), with the former upgrading the shares and the latter downgrading them [read more]
- The two firms are also taking opposite sides on Brinker (EAT), with Morgan Stanley downgrading it to Underweight and Gordon Haskett upgrading the parent of Chili's to Buy [read more]
- Craig-Hallum downgraded Five Below (FIVE) to Hold [read more]
- Target (TGT) upgraded to Overweight at Morgan Stanley [read more]
3. AROUND THE WEB:
- Alphabet's (GOOGL) Google is cutting hundreds of jobs in its ad sales team, Business Insider reports [read more]
- Uber (UBER) is shutting down its alcohol delivery service Drizly, Axios reports [read more]
- The NFL is in advanced talks to take an equity stake in Disney's (DIS) ESPN, NY Post says [read more]
- Meta's (META) Instagram is cutting 60 technical program manager jobs, Information says [read more]
- Apple (AAPL) will discount iPhones by $70 in China, NY Times reports [read more]
4. MOVERS:
- PureCycle (PCT) increases after providing an update on its purification facility in Ironton [read more]
- Tilray (TLRY) higher in New York after its SweetWater Brewing launched two additions to its 'Gummies' line [read more]
- Uranium Energy (UEC) gains in New York after restarting uranium production at Christensen Ranch in Wyoming [read more]
- Applied Digital (APLD) falls after reporting quarterly results [read more]
- Coupang (CPNG) declines after Citi downgraded the stock to Neutral [read more]
5. EARNINGS/GUIDANCE:
- PNC Financial (PNC) reported Q4 results and provided guidance for FY24 [read more]
- Super League Enterprise (SLE) reported preliminary Q4 results [read more]
- Q.E.P. Company (QEPC) reported Q3 results, with its EPS and revenue higher year-over-year [read more]
- Mercantile Bank (MBWM) reported Q4 EPS and revenue that beat consensus [read more]
- FB Financial (FBK) reported Q4 results, with CEO Christopher Holmes commenting "The company continues to execute well in key initiatives" [read more]
INDEXES:
The Dow fell 231.86, or 0.62%, to 37,361.12, the Nasdaq lost 28.41, or 0.19%, to 14,944.35, and the S&P 500 declined 17.85, or 0.37%, to 4,765.98.