Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Berkshire Hathaway (BRK.A) reported a big year-over-year increase in Q4 operating earnings [read more]
- KKR (KKR) agreed to acquire the EUC Division from Broadcom (AVGO) in a $4B transaction [read more]
- Alcoa (AA) agreed to acquire Alumina Limited in an all-stock transaction valued at about $2.2B [read more]
- Agiliti (AGTI) will be taken private as part of a $10 per share merger agreement [read more]
- The FTC, California AG Rob Bonta, and a bipartisan coalition of states are filing a lawsuit challenging Kroger's (KR) proposed merger with Albertsons (ACI) [read more]
2. WALL STREET CALLS:
- HSBC downgraded Moderna (MRNA) to Reduce [read more]
- JPMorgan upgraded Gap (GPS) to Neutral with a price target of $20 [read more]
- Wall Street rolled out coverage of recently-public Amer Sports (AS) with a majority of brokers starting the stock with Buy-equivalent ratings [read more]
- HashiCorp (HCP) upgraded to Overweight at Morgan Stanley [read more]
- Agilon Health (AGL) downgraded to Market Perform at TD Cowen and cut to Hold at Jefferies [read more]
3. AROUND THE WEB:
- The EU's competition regulators sent questions to developers in a move to determine the impact of Apple's (AAPL) decision to disable "progressive web apps" in the bloc, FT says [read more]
- Ant Group is bidding against Citadel Securities for Credit Suisse's (CS) Chinese securities unit, FT reports [read more]
- Google (GOOGL) pauses AI image generation after diversity controversies, Axios reports [read more]
- Microsoft (MSFT) is partnering with French AI start-up Mistral and taking a minority stake, FT reports [read more]
- Electronic Arts (EA) is slated to lay off "a small number of staff," GI.biz says [read more]
4. MOVERS:
- R1 RCM (RCM) higher after investor New Mountain submitted a request to bid $13.75 for all outstanding shares [read more]
- Altice USA (ATUS) soars after Bloomberg reported that Charter (CHTR) is exploring a potential takeover of the company [read more]
- Celldex (CLDX) rises after reporting Q4 results [read more]
- Newmont (NEM) falls after Argus downgraded the stock to Hold [read more]
- Walgreens Boots Alliance (WBA) declines after Leerink initiated coverage of the stock with a Market Perform rating [read more]
5. EARNINGS/GUIDANCE:
- Domino's Pizza (DPZ) reported upbeat Q4 earnings and boosted its quarterly dividend and share repurchase program [read more]
- Freshpet (FRPT) reported Q4 results and provided guidance for FY24 [read more]
- Elanco (ELAN) reported Q4 results and provided guidance for FY24 and Q1, with CEO Jeff Simmons commenting, "Elanco ended 2023 with momentum" [read more]
- Li Auto (LI) announced Q4 results, with revenue and EPS beating consensus [read more]
- Ondas (ONDS) reported preliminary 2023 and Q4 results [read more]
INDEXES:
The Dow fell 62.30, or 0.16%, to 39,069.23, the Nasdaq lost 20.57, or 0.13%, to 15,976.25, and the S&P 500 declined 19.27, or 0.38%, to 5,069.53.