Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Intel (INTC) reported better-than-expected Q4 earnings and revenue but provided downbeat Q1 guidance [read more]
- Visa (V) reported upbeat Q4 results, with CEO Ryan McInerney saying 2024 is off to a "solid start" [read more]
- T-Mobile (TMUS) reported mixed Q4 results and provided FY24 adjusted EBITDA guidance [read more]
- American Express (AXP) reported downbeat Q4 earnings and revenue, provided an upbeat FY24 earnings outlook, and raised its quarterly dividend [read more]
- JetBlue (JBLU) said its Spirit (SAVE) merger agreement may be terminable on and after January 28 [read more]
2. WALL STREET CALLS:
- Oppenheimer upgraded Coinbase (COIN), says stronger than many realize [read more]
- Deutsche Bank upgraded Snap (SNAP) to Buy on "clear, strong catalyst path" [read more]
- Tesla (TSLA) downgraded and removed from "Stock Focus List" at Edward Jones on slowing earnings growth [read more]
- Dow Inc. (DOW) downgraded to Neutral on valuation at JPMorgan [read more]
- American Airlines (AAL) upgraded to Outperform at TD Cowen and raised to Buy at Seaport Research [read more]
3. AROUND THE WEB:
- Polestar (PSNY) plans to cut around 15% of its total workforce, Reuters says [read more]
- Salesforce (CRM) plans to lay off roughly 1% of its staff, WSJ reports [read more]
- Paramount (PARA) CEO warns staff of layoffs, CNBC reports [read more]
- Dyne Therapeutics (DYN) is seeing takeover interest and is weighing options, Bloomberg reports [read more]
- Johnson Controls (JCI) is considering the sale of about $5B in HVAC assets, Bloomberg says [read more]
4. MOVERS:
- Corbus Pharmaceuticals (CRBP) skyrockets after announcing data from its study of CRB-701 [read more]
- Capital One (COF) rises after reporting quarterly results [read more]
- Ginkgo Bioworks (DNA) higher after Cathie Wood's ARK Investment bought 511k shares of the company's stock [read more]
- Processa Pharmaceuticals (PCSA) declines after pricing 1.56M shares at $4.50 in a public offering [read more]
- Recursion Pharmaceuticals (RXRX) lower after TD Cowen initiated coverage of the stock with a Market Perform rating [read more]
5. EARNINGS/GUIDANCE:
- Western Digital (WDC) reported Q2 results, with EPS and revenue beating consensus [read more]
- Norfolk Southern (NSC) reported Q4 results [read more]
- Booz Allen (BAH) announced Q3 results and raised its FY24 guidance [read more]
- KLA Corp. (KLAC) reported Q2 results, with CEO Rick Wallace commenting, "December quarter results were ahead of our expectations and capped a solid year" [read more]
- AppFolio (APPF) reported Q4 results and provided guidance for FY24 [read more]
INDEXES:
The Dow rose 60.30, or 0.16%, to 38,109.43, the Nasdaq lost 55.13, or 0.36%, to 15,455.36, and the S&P 500 declined 3.19, or 0.065%, to 4,890.97.