Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Wall Street issued reactions to Nvidia (NVDA) CEO Jensen Huang's "impressive" GTC keynote [read more]
- Unilever (UL) announced a plan to separate its Ice Cream unit, which includes the Ben & Jerry's brand [read more]
- Fusion Pharmaceuticals (FUSN) agreed to be acquired by AstraZeneca in a $2.4B transaction [read more]
- George Lucas is backing Disney (DIS) CEO Bob Iger in the company's proxy fight with Trian, CNBC reports [read more]
- The founding family of Nordstrom (JWN) is seeking again to take the department store operator private, Reuters reports [read more]
WALL STREET CALLS:
3. AROUND THE WEB:
- United Airlines (UAL) planes have seen eight incidents over the past two weeks, NY Times reports [read more]
- At least five suppliers to TSMC (TSM) and Intel (INTC) have delayed construction of facilities in Arizona, Nikkei Asia reports [read more]
- Goldman Sachs (GS) faces unrest after CEO Solomon accepted a 24% pay increase, FT says [read more]
- Exxon Mobil (XOM) CEO Woods said the disputes with Chevron (CVX) over a Guyana oilfield will not damage relations between the two companies, FT says [read more]
- Boeing (BA) exploring sale of some defense businesses, Bloomberg reports [read more]
4. MOVERS:
- Spire Global (SPIR) higher after announcing a collaboration with NVIDIA (NVDA) [read more]
- International Paper (IP) gains after appointing Andrew Silvernail as CEO [read more]
- Tencent Music (TME) increases in New York after reporting quarterly results [read more]
- Huya (HUYA) falls in New York after reporting quarterly results [read more]
- Beyond Meat (BYND) declines after filing a $250M mixed securities shelf [read more]
5. EARNINGS/GUIDANCE:
- XPeng (XPEV) reported Q4 results, with CEO Xiaopeng He commenting, "XPENG is about to embark on a major product cycle" [read more]
- National CineMedia (NCMI) reported Q4 results and provided guidance for Q1 [read more]
- Keurig Dr Pepper (KDP) backed FY24 guidance [read more]
- Core & Main (CNM) announced Q4 results, with EPS missing consensus [read more]
- DLocal (DLO) reported Q4 results, with revenue beating consensus [read more]
INDEXES:
Near midday, the Dow was up 213.80, or 0.55%, to 39,004.23, the Nasdaq was down 41.99, or 0.26%, to 16,061.46, and the S&P 500 was up 3.19, or 0.06%, to 5,152.61.