Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- TKO Group (TKO) announced that WWE Raw is moving to Netflix (NFLX) in January 2025 and that Dwayne "The Rock" Johnson will be joining its board of directors [read more]
- Procter & Gamble (PG) provided a "beat and raise" report for Q2 [read more]
- Verizon (VZ) reported better-than-expected Q4 revenue and provided 2024 adjusted earnings guidance [read more]
- Johnson & Johnson (JNJ) reported upbeat Q4 results and reiterated its FY24 earnings outlook [read more]
- General Electric (GE) reported upbeat Q4 earnings and revenue [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Alibaba (BABA) co-founder Jack Ma has been buying up shares of the company in recent months, NY Times' DealBook reports [read more]
- China regulators appear to have backpedaled from a plan to reduce how much money people spend on online video games, which may impact Tencent (TCEHY) and NetEase (NTES), NY Times reports [read more]
- Palantir (PLTR) is seeing a slowdown in U.S. government contracts, WSJ says [read more]
- Nvidia (NVDA) co-founder and CEO Jensen Huang makes his first tour in China in years, Bloomberg says [read more]
- Apple (AAPL) Music will pay 10% higher royalties to artists where a Spatial Audio version is available, 9to5 Mac reports [read more]
4. MOVERS:
- Plug Power (PLUG) gains after announcing it has started production of liquid green hydrogen at its Georgia plant [read more]
- Sunnova Energy (NOVA) increases after Truist upgraded the stock to Buy [read more]
- RTX (RTX) higher after reporting quarterly results [read more]
- D.R. Horton (DHI) falls after reporting quarterly results and revising its guidance for FY24 [read more]
- Invesco (IVZ) declines after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- 3M (MMM) reported Q4 results and provided guidance for FY24, with CEO Mike Roman commenting "The fourth quarter capped a strong year for 3M" [read more]
- United Airlines (UAL) reported Q4 results, with EPS and revenue beating consensus [read more]
- Lockheed Martin (LMT) reported Q4 results and provided guidance for FY24, with CEO Jim Taiclet commenting, "Our solid finish to 2023 and full-year results reflect continued strong demand for our all-domain portfolio" [read more]
- Logitech (LOGI) reported Q3 results and raised its FY24 guidance [read more]
- Webster Financial (WBS) reported Q4 results, with EPS missing consensus [read more]
INDEXES:
Near midday, the Dow was down 172.39, or 0.45%, to 37,856.75, the Nasdaq was up 6.79, or 0.04%, to 15,367.08, and the S&P 500 was down 0.40, or 0.01%, to 4,847.41.