Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- PepsiCo (PEP) reported mixed Q4 results but provided upbeat 2024 core EPS guidance [read more]
- Expedia (EXPE) reported upbeat Q4 earnings and revenue and announced that Ariane Gorin will succeed Peter Kern as CEO [read more]
- Pinterest (PINS) reported better-than-expected Q4 earnings but lower-than-expected Q4 revenue [read more]
- Owens Corning (OC) agreed to acquire Masonite (DOOR) for $133 per share in cash [read more]
- Carlyle (CG) will sell Jagex to CVC Capital for about GBP 900M, FT reports [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Goldman (GS) CEO David Solomon has told top executives he plans to remain in the top job for "a while," WSJ reports [read more]
- Google (GOOGL) is joining an effort to develop credentials for digital content that identifies when and how a file was produced or altered, NY Times says [read more]
- TKO Group's (TKO) WWE has signed a two-year deal with X, The Hollywood Reporter says [read more]
- Nvidia (NVDA) is in talks with Ericsson (ERIC) for a wireless chip, Reuters says [read more]
- WeWork's (WE) Adam Neumann has returned to the company, intending to convince new investors to help push the company out of bankruptcy, FT reports [read more]
4. MOVERS:
- CleanSpark (CLSK) higher after reporting Q1 results, with EPS and revenue beating consensus [read more]
- Centessa (CNTA) gains in New York after presenting data from its Phase 2a study of SerpinPC [read more]
- Vivid Seats (SEAT) increase after Craig-Hallum initiated coverage of the stock with a Buy rating [read more]
- Leggett & Platt (LEG) and Magna (MGA) fall in New York after reporting quarterly results [read more]
- Bill (BILL) declines after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Take-Two (TTWO) reported Q3 results and cut its FY24 bookings view [read more]
- Cloudflare (NET) reported Q4 results, with CEO Matthew Prince commenting, "We had an exceptionally strong fourth quarter" [read more]
- Affirm (AFRM) reported Q2 results, provided guidance for Q3, and raised its outlook for FY24 [read more]
- Newell Brands (NWL) reported Q4 results, with EPS and revenue beating consensus [read more]
- Catalent (CTLT) reported Q2 results, with EPS missing consensus [read more]
INDEXES:
Near midday, the Dow was down 141.01, or 0.36%, to 38,585.32, the Nasdaq was up 148.58, or 0.94%, to 15,942.30, and the S&P 500 was up 13.57, or 0.27%, to 5,011.48.