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:
- Amazon (AMZN) plans to cut under 5% of its Buy with Prime staff, CNBC reports [read more]
- Spirit Airlines (SAVE) is exploring restructuring options after the JetBlue (JBLU) deal collapsed, WSJ says [read more[
- Uber (UBER) is working with Tesla (TSLA) to urge drivers to switch to EVs, Axios reports [read more]
- Google (GOOGL) CEO Pichai has warned employees to brace for more job cuts, The Verge reports [read more]
- Coinbase (COIN) is motioning to dismiss an SEC lawsuit, TechCrunch reports [read more]
4. MOVERS:
- First Horizon (FHN) advances 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:
The Dow rose 201.94, or 0.54%, to 37,468.61, the Nasdaq gained 200.03, or 1.35%, to 15,055.65, and the S&P 500 advanced 41.73, or 0.88%, to 4,780.94.