Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Oracle (ORCL) reported better-than-expected Q3 results, with Cloud revenue rising 25% year-over-year [read more]
- 3M (MMM) CEO Michael Roman will transition to chairman, with William Brown named the next CEO [read more]
- Southwest (LUV) lowered its Q1 RASM guidance, adding that Boeing (BA) has advised the company to expect a reduction in 737-8 aircraft deliveries in 2024 [read more]
- American Airlines (AAL) said it expects its Q1 adjusted earnings per share to come in at the low end of its guidance [read more]
- Archer Daniels (ADM) reported downbeat Q4 earnings and revenue, provided FY24 earnings guidance, and announced an additional $2B share repurchase program [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Shell (SHEL) is considering slowing the pace of its carbon-emissions cuts, Bloomberg reports [read more]
- Apollo (APO) reached out to Paramount (PARA) about a possible deal, Axios reports [read more]
- Alibaba's (BABA) digital media arm will invest $640M in Hong Kong entertainment, WSJ says [read more]
- Carl Icahn has dropped a threat to challenge Illumina's (ILMN) board, Reuters reports [read more]
- Roku (ROKU) said that over 15,000 streaming accounts have been breached, Variety reports [read more]
4. MOVERS:
- Ranpak Holdings (PACK) surges after reporting Q4 results [read more]
- Kanzhun (BZ) rises after reporting quarterly results and announcing a $200M share repurchase program [read more]
- Repay (RPAY) higher after Fortune reported that the company has reached out to private equity firms about a possible sale [read more]
- Caribou Biosciences (CRBU) falls after reporting quarterly results [read more]
- Acadia Pharmaceuticals (ACAD) lower after its Phase 3 Pimavanserin study did not meet its endpoint [read more]
5. EARNINGS/GUIDANCE:
- Delta (DAL) provided Q1 earnings guidance, stating that it expects to deliver year-over-year total revenue growth in the top half of its initial guidance range for the March quarter [read more]
- Kohl's (KSS) reported upbeat quarterly results [read more]
- Vail Resorts (MTN) reported downbeat Q2 earnings and revenue and raised its quarterly dividend [read more]
- Asana (ASAN) reported better-than-expected Q4 results [read more]
- On Holding (ONON) reported a year-over-year decline in Q4 adjusted EPS [read more]
INDEXES:
The Dow rose 235.83, or 0.61%, to 39,005.49, the Nasdaq gained 246.36, or 1.54%, to 16,265.64, and the S&P 500 advanced 57.33, or 1.12%, to 5,175.27.