Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Eli Lilly (LLY) is partnering with Amazon (AMZN) to deliver Zepbound and other drugs, according to Reuters [read more]
- Dollar Tree (DLTR) reported lower-than-expected Q4 results and provided Q1 and FY24 guidance [read more]
- Williams-Sonoma (WSM) reported better-than-expected Q4 earnings and revenue and increased its quarterly dividend 26% [read more]
- JPMorgan (JPM) CEO Jamie Dimon has endorsed Disney's (DIS) Bob Iger in a proxy fight with Trian Partners, CNBC reports [read more]
- The HHS has confirmed a probe into the UnitedHealth (UNH) cyberattack [read more]
2. WALL STREET CALLS:
- Wells downgraded Tesla (TSLA) to a sell-equivalent rating on price, demand and valuation concerns [read more]
- Nvidia (NVDA) price target raised to $1,100 at BofA ahead of GPU Tech Conference [read more]
- Southwest (LUV) upgraded to Hold from Underperform at Jefferies [read more]
- Argus cut Humana (HUM) to Hold on larger Medicare exposure [read more]
- Texas Roadhouse (TXRH) upgraded to Outperform at Baird [read more]
3. AROUND THE WEB:
- U.S. President Joe Biden is set to voice concerns over Nippon Steel's (NPSCY) proposed takeover of U.S. Steel (X), FT says [read more]
- The House has passed a measure that could ban TikTok in the U.S., The Verge reports [read more]
- Shell (SHEL) will eliminate 20% of the jobs in its sales team, Bloomberg reports [read more]
- Samsung (SSNLF) is halting old equipment sales amid fears of U.S. backlash, FT reports [read more]
- The Pentagon has dropped is plan to spend $2.5B on a chip grant to Intel (INTC), Bloomberg says [read more]
4. MOVERS:
- Heron Therapeutics (HRTX) surges after reporting quarterly results and provided FY24 adjusted EBITDA guidance [read more]
- Minim (MINM) rises after it agreed to merge with privately-held e2Companies [read more]
- Siga Technologies (SIGA) higher after reporting upbeat quarterly earnings and revenue [read more]
- LoanDepot (LDI) falls after Q4 earnings and revenue fell short of consensus estimates [read more]
- Arcos Dorados (ARCO) lower after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
The Dow rose 37.83, or 0.097%, to 39,043.32, the Nasdaq lost 87.87, or 0.54%, to 16,177.77, and the S&P 500 declined 9.96, or 0.19%, to 5,165.31.