Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Apple (AAPL) reported upbeat Q1 results, with CEO Tim Cook saying that iPhone sales fueled Q1 revenue growth [read more]
- Meta (META) reported better-than-expected Q4 earnings and revenue and initiated a quarterly dividend of 50c per share [read more]
- Amazon (AMZN) reported better-than-expected Q4 earnings and revenue, with notable year-over-year growth in Amazon Web Services net sales [read more]
- Chevron (CVX) reported upbeat Q4 results and raised its quarterly dividend 8% while Exxon Mobil (XOM) reported mixed quarterly results [read more]
- Barington Capital has acquired an undisclosed stake in Mattel (MAT) and is eyeing big changes at the toy maker, according to The Wall Street Journal [read more]
2. WALL STREET CALLS:
- Citi upgraded Macy's (M) to Neutral with a price target of $18 per share [read more]
- Evercore ISI upgraded Global Payments (GPN) to Outperform [read more]
- JPMorgan double downgraded Solo Brands (DTC) to Underweight from Overweight [read more]
- Deutsche Bank was the latest firm to downgrade New York Community Bancorp (NYCB), lowering its rating to Hold [read more]
- Cantor Fitzgerald initiated coverage of Redwire (RDW) with an Overweight rating and $5 price target [read more]
3. AROUND THE WEB:
- MP Materials (MP) and Lynas Rare Earths may be working on a mega-merger deal, AFR says [read more]
- TotalEnergies (TTE) is exploring a sale of a 50% stake in a portfolio of renewable projects in Europe and the U.S., Reuters says [read more]
- Tesla (TSLA) issues recall for 2.2M cars over warning light issue, Business Insider reports [read more]
- Skydance is in talks to acquire National Amusements, which owns a controlling stake in Paramount (PARA), FT reports [read more]
- Spotify's (SPOT) new deal with Joe Rogan is worth up to $250M, WSJ reports [read more]
4. MOVERS:
- Leslie's (LESL) gains after reporting quarterly results [read more]
- Edwards Lifesciences (EW) up after earning FDA approval for its Evoque tricuspid valve replacement system [read more]
- Clorox (CLX) higher after reporting quarterly results and raising its FY24 guidance [read more]
- Gen Digital (GEN) falls after reporting Q3 results and provided guidance for Q4 and FY24 [read more]
- Charter (CHTR) declines after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- AbbVie (ABBV) reported Q4 results and provided guidance for FY24, with CEO Richard Gonzalez commenting, "2023 was another outstanding year, marked by strong operational execution and significant overperformance from out non-Humira growth platform" [read more]
- Bristol Myers (BMY) reported Q4 results, with EPS and revenue beating consensus [read more]
- Skechers (SKX) reported Q4 results, provided guidance for Q1, and announced its outlook for FY24 [read more]
- Altassian (TEAM) reported Q2 results, with Baird commenting the company reported a solid quarter [read more]
- Regeneron (REGN) announced Q4 results, with EPS and revenue beating consensus [read more]
INDEXES:
The Dow rose 134.58, or 0.35%, to 38,654.42, the Nasdaq gained 267.31, or 1.74%, to 15,628.95, and the S&P 500 advanced 52.42, or 1.07%, to 4,958.61.