Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Sheryl Sandberg will not stand for re-election to Meta's (META) board [read more]
- Discover (DFS) reported downbeat Q4 earnings and guided for "relatively flat" loan growth for FY24 [read more]
- Boeing (BA) announced that Indian carrier Akasa Air has ordered 150 more 737 MAX jets [read more]
- Humana (HUM) cut its FY23 adjusted earnings guidance [read more]
- Sekisui House agreed to acquire M.D.C. Holdings (MDC) for $4.9B in an all-cash transaction [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Uber (UBER) is working with Tesla (TSLA) to urge drivers to switch to EVs, Axios reports [read more]
- Netflix (NFLX) does not plan on launching an app for Apple's (AAPL) Vision Pro mixed reality headset, Bloomberg says [read more]
- Google (GOOGL) CEO Pichai has warned employees to brace for more job cuts, The Verge reports [read more]
- DoorDash (DASH) is increasing delivery fees for New York City customers and restaurants to offset the costs of the recent minimum wage increases for delivery workers, NY Post reports [read more]
- Coinbase (COIN) is motioning to dismiss an SEC lawsuit, TechCrunch reports [read more]
4. MOVERS:
- First Horizon (FHN) increases after reporting quarterly results [read more]
- Peabody (BTU) gains after being named to join the S&P 600 [read more]
- BridgeBio (BBIO) higher after securing up to $1.25B of capital from Blue Owl and CPP Investments [read more]
- Plug Powers (PLUG) declines after entering into a common stock at-the-market offering of up to $1B [read more]
- Fortuna Silver Mines (FSM) lower in New York after reporting Q4 gold equivalent production [read more]
5. EARNINGS/GUIDANCE:
- TSMC (TSM) reported Q4 results and provided guidance for Q1 and FY24 [read more]
- Fastenal (FAST) reported Q4 results, with EPS and revenue slightly higher than consensus [read more]
- KeyCorp (KEY) reported Q4 results and reiterated long-term targets [read more]
- Birkenstock (BIRK) reported FY23 results and provided guidance for FY24 [read more]
- Truist Financial (TFC) reported Q4 results, with EPS missing consensus [read more]
INDEXES:
Near midday, the Dow was down 86.24, or 0.23%, to 37,180.43, the Nasdaq was up 132.86, or 0.89%, to 14,988.49, and the S&P 500 was up 11.92, or 0.25%, to 4,751.13.