Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Macy's (M) reported better-than-expected Q4 earnings and announced its "Bold New Chapter" strategy that includes closing underperforming stores [read more]
- Lowe's (LOW) reported upbeat Q4 results and provided FY24 earnings and revenue guidance [read more]
- Chevron (CVX) and Hess (HES) are in talks with Exxon Mobil (XOM) and CNOOC over the right of first refusal provision [read more]
- Zoom Video (ZM) reported better-than-expected Q4 results, provided Q1 and FY25 guidance, and announced a $1.5B stock repurchase program [read more]
- Apple (AAPL) is ending work on an electric car and shifting some of that team to AI, according to Bloomberg [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Supreme Court seems wary of laws in Florida and Texas that prohibit major social media companies from making editorial judgments about which messages to allow, which impacts Meta (META), Pinterest (PINS), and Snap (SNAP), NY Times says [read more]
- Klarna may seek a $20B valuation in an IPO that could come in Q3, Bloomberg reports [read more]
- Warner Bros. Discovery (WBD) is no longer in talks to merge with Paramount (PARA), CNBC reports [read more]
- Intel (INTC) is looking to deliver chips for 100M AI PCs by 2025, Nikkei Asia says [read more]
- Sonos' (SONO) move into headphones has hit a software snag, Bloomberg says [read more]
4. MOVERS:
- Janux Therapeutics (JANX) higher after providing an update on its trials for PSMAxCD3-TRACTr JANX007 in mCRPC and EGFRxCD3-TRACTr JANX008 in Solid Tumors [read more]
- Viking Therapeutics (VKTX) gains after announcing its Phase 2 GLP-1 study meet its primary and secondary endpoints [read more]
- Hims & Hers (HIMS) higher after reporting Q4 results [read more]
- Veradigm (MDRX) falls after announcing it has signed an agreement to acquire ScienceIO [read more]
- Unity (U) declines after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Workday (WDAY) reported Q4 results, with CEO Carl Eschenback commenting, "Workday's results this quarter are a testament to the strength of our value proposition and the durability of our business" [read more]
- AutoZone (AZO) reported Q2 results, with EPS and revenue beating consensus [read more]
- Cava Group (CAVA) reported Q4 results and provided guidance for FY24 [read more]
- J.M. Smucker (SJM) reported Q3 results, with CEO Mark Smucker commenting, "We are pleased to have delivered another quarter of strong financial results" [read more]
- Norwegian Cruise Line (NCLH) reported Q4 results, with EPS missing consensus [read more]
INDEXES:
The Dow fell 96.82, or 0.25%, to 38,972.41, the Nasdaq gained 59.05, or 0.37%, to 16,035.30, and the S&P 500 advanced 8.65, or 0.17%, to 5,078.18.