Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Netflix (NFLX) reported Q4 global streaming paid net additions of 13.12M, well above consensus expectations [read more]
- Texas Instruments (TXN) reported better-than-expected Q4 earnings but provided worse-than-expected Q1 guidance [read more]
- AT&T (T) reported mixed Q4 results and provided lower-than-expected FY24 earnings guidance [read more]
- Abbott (ABT) reported upbeat Q4 revenue and provided its outlook for FY24 earnings and organic sales [read more]
- eBay (EBAY) will cut roughly 1,000 roles, or 9% of its full-time staff [read more]
2. WALL STREET CALLS:
- Netflix (NFLX) was downgraded to Hold at Deutsche Bank and upgraded to Outperform at Macquarie following last night's earnings report from the streaming giant [read more]
- New Street upgraded AMD (AMD) on AI chip spending growth [read more]
- Biogen (BIIB) downgraded at UBS given low probability of Leqembi inflection [read more]
- Ford (F) and Tesla (TSLA) were initiated with Sell ratings at Redburn Atlantic [read more]
- Wells Fargo and BMO Capital downgraded DuPont (DD) [read more]
3. AROUND THE WEB:
- Tesla (TSLA) cars in China are facing entry restrictions, Nikkei Asia reports [read more]
- Wayfair's (W) recent employee layoffs focused on employees working remotely, WSJ reports [read more]
- Apple (AAPL) is planning to add new fees and restrictions after allowing app downloads outside the App Store in the EU, WSJ says [read more]
- Walgreens Boots Alliance (WBA) is considering options for its Shields Health Solutions, including a potential sale, Bloomberg says [read more]
- DraftKings (DKNG) is near a marketing partnership deal with Barstool, Sportico reports [read more]
4. MOVERS:
- Kura Oncology (KURA) increases after announcing it agreed to sell 1.38M shares [read more]
- Heron Therapeutics (HRTX) gains after announcing the FDA approved its supplemental New Drug Application for ZYNRELEF [read more]
- New Oriental Education (EDU) higher in New York after reporting quarterly results [read more]
- BlackBerry (BB) falls in New York after announcing a $160M private share offering [read more]
- B2Gold (BTG) declines in New York after reporting Q4 gold production results [read more]
5. EARNINGS/GUIDANCE:
- DuPont (DD) reported preliminary Q4 results and pointed to lower-than-expected Q1 results, citing customer destocking and weakness in China [read more]
- General Dynamics (GD) reported Q4 results, with CEO Phebe Novakovic commenting, "We had a solid fourth quarter, capping off a year that saw growth in all four segments and continued strong cash flow" [read more]
- Kimberly-Clark (KMB) reported Q4 results, with EPS missing consensus [read more]
- Baker Hughes (BKR) announced Q4 results [read more]
- Teledyne (TDY) reported Q4 results and provided guidance for FY24 and Q1 [read more]
INDEXES:
The Dow fell 99.06, or 0.26%, to 37,806.39, the Nasdaq gained 55.98, or 0.36%, to 15,481.92, and the S&P 500 advanced 3.95, or 0.081%, to 4,868.55.