Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Diamondback Energy (FANG) and Endeavor Energy Resources will merge in a $26B deal [read more]
- Gilead (GILD) agreed to acquire CymaBay (CBAY) for $32.50 per share in cash [read more]
- Tesla (TSLA) has temporarily slashed prices for some Model Y cars in the U.S., Reuters reports [read more]
- ContextLogic (WISH) will sell substantially all operating assets to Qoo10 for $173M [read more]
- Alexandria Real Estate (ARE) will receive a $300M investment from AstraZeneca (AZN) [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- B. Riley (RILY) is under fire for funding the buyout of Franchise Group, WSJ reports [read more]
- Activist funds Trian Fund Management and Blackwells Capital are going toe-to-toe with Disney (DIS) to gain a spot on its board, WSJ says [read more]
- Uber (UBER) and Lyft (LYFT) drivers across the U.S. are planning to stage a nationwide protest on February 14, Business Insider reports [read more]
- Federal Reserve sent Citi (C) three notices last year asking for urgent changes to the way its measures default risk of its trading partners, Reuters reports [read more]
- Amazon (AMZN) founder Jeff Bezos sold 12M shares of the company for roughly $2B, Reuters says [read more]
4. MOVERS:
- Viavi (VIAV) higher after Stifel upgraded the stock to Buy [read more]
- Joby Aviation (JOBY) increases after signing an agreement with Dubai's Road and Transport Authority to launch air taxi services in the Emirate by early 2026 [read more]
- Applied Digital (APLD) lower after disclosing its Ellendale facility suffered a complete outage and remains down [read more]
- Invivyd (IVVD) falls after filing to sell 37.75M shares [read more]
- NatWest (NWG) declines in New York after Keefe Bruyette downgraded the stock to Market Perform [read more]
5. EARNINGS/GUIDANCE:
- AbbVie (ABBV) lowered its Q1 EPS and backed its FY24 guidance [read more]
- Big Lots (BIG) delivered Q4 performance in line with guidance, according to CEO Bruce Thorn [read more]
- Monday.com (MNDY) reported Q4 results and provided guidance for Q1, with co-CEOs Roy Mann and Eran Zinman commenting, "2023 was an outstanding year for monday.com, with record financial results and exceptional customer growth" [read more]
- Trimble (TRMB) reported Q4 results, with EPS and revenue beating consensus [read more]
- Magna (MGA) reported Q4 results and backed its FY24 guidance [read more]
INDEXES:
Near midday, the Dow was up 202.69, or 0.52%, to 38,874.38, the Nasdaq was up 74.14, or 0.46%, to 16,064.80, and the S&P 500 was up 19.67, or 0.39%, to 5,046.28.