Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Crowdstrike (CRWD) reported better-than-expected Q4 results and provided upbeat Q1 and FY25 earnings and revenue guidance [read more]
- Nordstrom (JWN) reported upbeat Q4 earnings and revenue [read more]
- Foot Locker (FL) reported upbeat Q4 earnings and revenue but provided downbeat FY24 guidance [read more]
- New York Community Bancorp (NYCB) announced an over $1B equity investment from Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities, other institutional investors and certain members of the company's management, and also announced the Joseph Otting will become CEO and former U.S. Treasury Secretary Steven Mnuchin will join the board [read more]
- The U.S. Federal Reserve said in its Beige Book report that economic activity "increased slightly, on balance" [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- An independent testing laboratory filed a petition with the U.S. Food and Drug that asked the FDA to recall several acne products from brands including Proactiv, Target's (TGT) Up & Up, and Estee Lauder's (EL) Clinique, Bloomberg says [read more]
- Lionsgate (LGF.A) Vice Chair Michael Burns said the company expects to begin the split of its studio business from Starz in early April, Deadline reports [read more]
- Apollo (APO) is exploring a bid for TripAdvisory (TRIP), Bloomberg reports [read more]
- Alshaya Group, which owns the rights to operate Starbucks (SBUX) stores in the Middle East, intends to lay of over 2,000 staff, Reuters says [read more]
- Gotham City issued a short report on Grifols (GRFS), noting the company did not address all of the firm's questions [read more]
4. MOVERS:
- Palantir (PLTR) advanced after Palantir USG was awarded a $178.4M prime agreement for the development and delivery of the Tactical Intelligence Targeting Access Node ground station system [read more]
- Wave Life Sciences (WVE) and HashiCorp (HCP) gain in New York after reporting quarterly results [read more]
- EVgo (EVGO) increases after reporting quarterly results and providing guidance for FY24 [read more]
- Xeris Biopharma (XERS) falls after reporting Q4 results and providing guidance for FY24 [read more]
- Biomea Fusion (BMEA) declines after presenting data from its escalation phase of its COVALENT-111 trial [read more]
5. EARNINGS/GUIDANCE:
- Coinbase (BASE) reported Q4 results and provided guidance for Q1 and FY25, with DA Davidson commenting the company's results were "strong" [read more]
- ChargePoint (CHPT) reported Q4 results and provided guidance for Q1, with CEO Rick Wilmer commenting, "ChargePoint continued to focus on operational execution, delivering sequential revenue growth, normalization in gross margin, reduction of operating expenses, and a significant decrease in cash usage" [read more]
- Box (BOX) announced Q4 results and provided guidance for Q1 and FY25 [read more]
- Campbell Soup (CPB) reported Q2 results, with EPS and revenue beating consensus [read more]
- Ross Stores (ROST) reported better-than-expected Q4 results, approved a $2.1B share repurchase program, and raised its quarterly dividend 10% [read more]
INDEXES:
The Dow rose 75.86, or 0.20%, to 38,661.05, the Nasdaq gained 91.95, or 0.58%, to 16,031.54, and the S&P 500 advanced 26.11, or 0.51%, to 5,104.76.