Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Broadcom (AVGO) reported upbeat Q1 earnings and revenue and provided FY24 revenue guidance [read more]
- Gap (GPS) reported better-than-expected Q4 results and provided its outlook for Q1 and FY24 [read more]
- Costco (COST) reported upbeat quarterly earnings, with comparable sales for the period up 5.6% year-over-year [read more]
- Novo Nordisk (NVO) said that the FDA has approved a label expansion for Wegovy [read more]
- Microsoft (MSFT) said that Russian state-sponsored threat actors are trying to breach its systems again [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Apple (AAPL) will be questioned by the European Commission over accusations it prevented Epic Games from opening its own app store for iPhone users in Europe, Bloomberg says [read more]
- The FAA is investigating a United (UAL) flight following the Boeing (BA) 737 MAX 8 seeing an in-air incident that required an emergency response, ABC 13 says [read more]
- FBI agents delivered grand jury subpoenas to current and former employees of Archer Daniels Midland (ADM), Reuters says [read more]
- Reddit (RDDT) will launch a pre-IPO roadshow next week, FT says [read more]
- TSMC (TSM) is set to win over $5B in grants for its Arizona chip plant, Bloomberg reports [read more]
4. MOVERS:
- Smith & Wesson Brands (SWBI) higher after reporting quarterly results, with EPS and revenue beating consensus [read more]
- Carvana (CVNA) increases after RBC Capital upgraded the stock to Sector Perform [read more]
- BigBear.ai (BBAI) and Runway (RWAY) fall after reporting quarterly results [read more]
- Amylyx (AMLX) drops after its ALS trial did not meet its primary endpoint [read more]
- Amplify (AMPY) lower after NBC reported that California officials are investigating an oil spill from a platform operated by the company's subsidiary [read more]
5. EARNINGS/GUIDANCE:
- Marvell (MRVL) reported Q4 results, provided guidance for Q1, and announced a $3B stock repurchase program [read more]
- MongoDB (MDB) reported Q4 results, with CEO Dev Ittycheria commenting, "MongoDB finished fiscal 2024 on a strong note" [read more]
- Funko (FNKO) announced Q4 results and provided guidance for FY24 and Q1 [read more]
- Quanex (NX) reported Q1 results and provided guidance for FY24 [read more]
- Ovid Therapeutics (OVID) reported Q4 results, with EPS missing consensus [read more]
INDEXES:
The Dow fell 68.66, or 0.18%, to 38,722.69, the Nasdaq lost 188.26, or 1.16%, to 16,085.11, and the S&P 500 declined 33.67, or 0.65%, to 5,123.69.