Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Snap (SNAP) sank after it reported mixed Q4 results and gave Q1 revenue guidance [read more]
- Ford (F) reported better-than-expected Q4 earnings and revenue and provided its adjusted EBIT and adjusted free cash flow outlook for FY24 [read more]
- Alibaba (BABA) reported downbeat Q3 results but raised its share repurchase authorization by $25B [read more]
- ESPN (DIS), Fox (FOXA), and Warner Bros. Discovery (WBD) are forming a joint venture centered on sports streaming [read more]
- CVS Health (CVS) reported upbeat Q2 results, cut its FY24 adjusted earnings outlook, and raised its FY24 revenue guidance [read more]
2. WALL STREET CALLS:
- Oppenheimer upgraded Enphase Energy (ENPH) to Outperform [read more]
- Aptiv (APTV) downgraded to Underweight from Equal Weight at Morgan Stanley [read more]
- New York Community Bancorp (NYCB) got two more downgrades, with the latest from JPMorgan and BofA [read more]
- Exane double downgraded Philips (PHG) to Underperform on legal risks [read more]
- Leerink downgraded Amgen (AMGN) to Market Perform after earnings [read more]
3. AROUND THE WEB:
- Exxon Mobil (XOM) is pressing ahead with its lawsuit against shareholder groups Follow This and Arjuna Capital, FT says [read more]
- LG Chem has signed a $19B deals with General Motors (GM) to supply cathode materials used to make electric vehicle batteries, WSJ reports [read more]
- Mattel's (MAT) head of Fisher-Price is set to leave the company, WSJ says [read more]
- Kohl's (KSS) is being urged by Vision One Management to sell itself, Reuters reports [read more]
- Amazon (AMZN) is laying off hundreds in its healthcare units, Insider reports [read more]
4. MOVERS:
5. EARNINGS/GUIDANCE:
- Chipotle (CMG) reported Q4 results, with CEO Brian Niccol commenting, "2023 was an outstanding year where we delivered strong transaction growth" [read more]
- Uber (UBER) reported Q4 results and provided guidance for Q1 [read more]
- Roblox (RBLX) announced Q4 results and provided bookings guidance for Q1 and FY24 [read more]
- Yum! Brands (YUM) reported Q4 EPS and revenue that missed consensus [read more]
- Fox Corp. (FOXA) reported Q2 results, with CEO Lachlan Murdoch commenting, "our results demonstrate the strength and durability of our core brands" [read more]
INDEXES:
Near midday, the Dow was up 138.58, or 0.36%, to 38,659.94, the Nasdaq was up 124.49, or 0.80%, to 15,733.49, and the S&P 500 was up 30.89, or 0.62%, to 4,985.12.