Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Dell Technologies (DELL) reported better-than-expected Q4 results and raised its annual cash dividend 20% [read more]
- HP Enterprise (HPE) reported mixed Q1 results and provided its outlook for Q2 and FY24 [read more]
- New York Community Bancorp (NYCB) named chairman Alessandro DiNello as its next CEO and disclosed an "internal controls" issue in a regulatory filing [read more]
- Tesla (TSLA) CEO Elon Musk is suing OpenAI and CEO Sam Altman, claiming that the ChatGPT-maker's alliance with Microsoft (MSFT) has compromised its original mission, Bloomberg reports [read more]
- Boeing (BA) is in talks to acquire Spirit AeroSystems (SPR), according to The Wall Street Journal [read more]
2. WALL STREET CALLS:
- JPMorgan upgraded GoodRx (GDRX) to Overweight post the Q4 report [read more]
- DA Davidson upgraded Oshkosh (OSK) to Buy following investor meetings [read more]
- Citi and R.F. Lafferty downgraded Fisker (FSR) after the company revealed additional financial reporting issues and a significantly weaker 2024 outlook [read more]
- Wells Fargo downgraded HP Enterprise (HPE) to Equal Weight after earnings [read more]
- Eli Lilly (LLY) price target raised to $1,000 from $800 at BofA [read more]
3. AROUND THE WEB:
- Australia's government criticized Meta (META) after the company pulled out of an agreement to pay local media companies for content, FT says [read more]
- General Motor's (GM) internal share price for Cruise was slashed by more than half, Reuters reports [read more]
- The grandchildren of Walt and Roy Disney, who founded Disney (DIS) in 1923, have joined forces to oppose activist investor Nelson Peltz, NY Times says [read more]
- Eastman Kodak (KODK) is contemplating a move to unlock gains created by its overfunded pension system, Bloomberg reports [read more]
- Grifols (GRFS) expects free cash flow this year to be "zero," Bloomberg says [read more]
4. MOVERS:
- NetApp (NTAP) higher after reporting quarterly results and raising its FY24 guidance [read more]
- Everbridge (EVBG) gains after entering an amended merger pact with Thoma Bravo [read more]
- MasTec (MTZ) and Sana Biotechnology (SANA) increases after reporting quarterly results [read more]
- Humacyte (HUMA) falls after announcing a 13.4M share offering [read more]
- Dominion (D) declines after providing guidance for FY24, FY25, and FY25-29 [read more]
5. EARNINGS/GUIDANCE:
- Fisker (FSR) reported preliminary Q4 results and provided guidance for FY24 [read more]
- Sweetgreen (SG) announced Q4 results, with CEO Jonathan Nerman calling 2023 "a strong year for Sweetgreen" [read more]
- SoundHound (SOUN) reported Q4 results, with EPS and revenue missing consensus [read more]
- FuboTV (FUBO) reported Q4 results and provided guidance for Q1 and FY24 [read more]
- Plug Power (PLUG) announced FY23 results [read more]
INDEXES:
Near midday, the Dow was up 21.88, or 0.06%, to 39,018.27, the Nasdaq was up 103.57, or 0.64%, to 16,195.50, and the S&P 500 was up 22.60, or 0.44%, to 5,118.87.