Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Deere (DE) reported upbeat Q1 results and provided FY24 net income guidance [read more]
- Cisco (CSCO) reported better-than-expected Q2 results and raised its quarterly dividend, but lowered its FY24 earnings and revenue guidance and announced a 5% workforce reduction [read more]
- Albemarle (ALB) reported better-than-expected Q4 earnings and revenue [read more]
- Shares of SoundHound (SOUN) and Nano-X (NNOX) surged after Nvidia (NVDA) disclosed stakes in both companies, as well as positions in Arm (ARM) and TruSimple (TSP) [read more]
- Wells Fargo (WFC) confirmed the termination of a 2016 OCC sales practices consent order [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- The sports streaming joint venture between Disney (DIS), Fox (FOXA), and Warner Bros. Discovery (WBD) is facing a DOJ antitrust review, Bloomberg says [read more]
- Microsoft (MSFT) plans to invest EUR 3.2B in Germany in the next two years with a focus on AI, Bloomberg reports [read more]
- Crown Castle (CCI) co-founder Ted Miller is making a push for board seats at the company, WSJ says [read more]
- Meta Platforms (META) has released instructions on a workaround that allows advertisers to avoid paying a 30% service charge to Apple (AAPL), WSJ reports [read more]
- Renault (RNLSY) and Stellantis (STLA) have warned of the need for cost cuts as the industry heads into a "turbulent year," FT reports [read more]
4. MOVERS:
- Children's Place (PLCE) gains after announcing a shareholder update [read more]
- JFrog (FROG) higher after reporting quarterly results and providing guidance for Q1 and FY24 [read more]
- Digital World Acquisition (DWAC) up after announcing with Trump Media & Technology Group that the U.S. SEC declared effective the registration statement for the companies' proposed business combination [read more]
- Fastly (FSLY) falls after reporting quarterly results and providing guidance for FY24 [read more]
- Herbalife (HLF) and Aurinia Pharmaceuticals (AUPH) decline after in New York announcing quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Wendy's (WEN) reported Q4 results and provided guidance for FY24, with CEO Kirk Tanner commenting, "The Wendy's system delivered strong sales, profit, and cash flow growth in 2023" [read more]
- Twilio (TWLO) announced Q4 results, with EPS and revenue beating consensus [read more]
- Yeti (YETI) reported Q4 results, provided guidance for FY24, and announced a $300M share repurchase program [read more]
- Applovin (APP) reported Q4 results and provided guidance for Q1 [read more]
- Shake Shack (SHAK) announced Q4 results, with EPS and revenue beating consensus [read more]
INDEXES:
The Dow rose 348.85, or 0.91%, to 38,773.12, the Nasdaq gained 47.03, or 0.30%, to 15,906.17, and the S&P 500 advanced 29.11, or 0.58%, to 5,029.73.