Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- UPS (UPS) reported upbeat Q4 results and raised its quarterly dividend, but gave lower than expected FY24 revenue guidance and said it plans to cut 12,000 jobs [read more]
- General Motors (GM) reported better-than-expected Q4 earnings and revenue and provided "whopping" FY24 earnings guidance [read more]
- Pfizer (PFE) reported upbeat Q4 earnings and reiterated its outlook for FY24 [read more]
- Regeneron (REGN) has formed Regeneron Cell Medicine amid an acquisition of 2seventy (TSVT) platforms [read more]
- Sky (CMCSA) plans to cut 1,000 jobs in the U.K. this year, FT reports [read more]
2. WALL STREET CALLS:
- Morgan Stanley double upgraded Citi (C) to Overweight from Underweight while also raising Goldman Sachs (GS) and Bank of America (BAC) to Overweight ratings [read more]
- Seaport downgraded Netflix (NFLX) following the stock's recent rally [read more]
- Spotify (SPOT) upgraded to Buy from Neutral at UBS [read more]
- Block (SQ) was upgraded to Buy at BTIG and to Outperform at Wedbush [read more]
- Five Below (FIVE) was downgraded at Oppenheimer [read more]
3. AROUND THE WEB:
- Boeing (BA) is withdrawing its request for a safety exemption for the new 737 MAX series jet, WSJ says [read more]
- Microsoft (MSFT) updated its Designer AI image generator after an explicit series of deep fakes of Taylor Swift was traced back to the software, VentureBeat reports [read more]
- Apple (AAPL) has sold 200,000 Vision Pro headsets, MacRumors says [read more]
- PayPal (PYPL) to lay off roughly 2,500 employees, or 9% of staff, Bloomberg reports [read more]
- Block (SQ) is laying off close to 1,000 employees, Business Insider reports [read more]
4. MOVERS:
- Sanmina (SANM) higher after reporting Q1 results [read more]
- Kura Oncology (KURA) increases after reporting preliminary data from its KOMET-007 study [read more]
- Applied Optoelectronics (AAOI) gains after Rosenblatt initiated coverage of the stock with a Buy rating [read more]
- Calix (CALX) falls after reporting quarterly results [read more]
- Adtalem Global Education (ATGE) declines after Safkhet Capital said it was short the stock [read more]
5. EARNINGS/GUIDANCE:
- Supermicro (SMCI) reported Q2 results and raised its FY24 revenue guidance [read more]
- JetBlue (JBLU) reported Q4 results, with CEO Robin Hayes commenting, "We closed the year on a strong note thanks to the hard work and continued execution of our team as fourth quarter revenue and costs beat our expectations" [read more]
- HCA Healthcare (HCA) reported Q4 results and provided guidance for FY24 [read more]
- Johnson Control (JCI) reported Q1 results, provided guidance for Q1, and cut its FY24 guidance [read more]
- Whirlpool (WHR) reported Q4 results and provided guidance for FY24 [read more]
INDEXES:
The Dow rose 133.86, or 0.35%, to 38,467.31, the Nasdaq lost 118.15, or 0.76%, to 15,509.90, and the S&P 500 declined 2.96, or 0.06%, to 4,924.97.