Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Merck's (MRK) hypertension drug sotatarcept was approved by the FDA [read more]
- Carnival (CCL) reported mixed Q1 results and provided FY24 adjusted EBITDA guidance [read more]
- Cintas (CTAS) provided a "beat and raise" report for Q3 [read more]
- GameStop (GME) reported downbeat Q4 earnings and revenue [read more]
- The board of the Central Florida Tourism Oversight District, allies of Governor Ron DeSantis, approved a settlement agreement with Disney (DIS) over who controls Walt Disney World's governing district, AP reports [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- First Quantum (FQVLF) executives have met with Chinese government officials to discuss funding and business options involving top investor Jiangxi Copper, Reuters says [read more]
- A judge has ruled that Coinbase (COIN) engages in the "unregistered sale and offer of securities" under U.S. law, Bloomberg says [read more]
- Amazon (AMZN) has been fined by Poland's consumer watchdog for close to $8M, TechCrunch reports [read more]
- Tencent (TCEHY) plans to release some apps on Apple (AAPL) Vision Pro, Information says [read more]
- Tesla (TSLA) CEO Musk told staff in an internal memo to give buyers a "short test ride" to demonstrate the company's Full Self-Driving technology, Bloomberg says [read more]
4. MOVERS:
- Novocure (NVCR) gains in New York after announcing its METIS Phase 3 trial met its primary endpoint [read more]
- Annexon (ANNX) increases after reporting quarterly results [read more]
- DraftKings (DKNG) lower after WSJ reported online gambling companies' VIP programs are under federal scrutiny [read more]
- Forge Global (FRGE) falls after reporting quarterly results [read more]
- Celsius Holdings (CELH) declines after announcing it entered into an amendment to its distribution agreement with PepsiCo (PEP) [read more]
5. EARNINGS/GUIDANCE:
- Altimmune (ALT) reported Q4 results, with EPS missing consensus [read more]
- Kimberly-Clark (KMB) backed FY24 guidance [read more]
- Land's End (LE) reported Q4 results and provided guidance for Q1 [read more]
- nCino (NCNO) reported Q4 results, provided guidance for Q1, and announced its outlook for FY25, with CEO Pierre Naude commenting, "We are very pleased with our fourth quarter fiscal year 2024 financial results" [read more]
- Progress Software (PRGS) reported Q1 results and raised its FY24 guidance [read more]
INDEXES:
Near midday, the Dow was up 215.30, or 0.55%, to 39,497.63, the Nasdaq was down 16.38, or 0.10%, to 16,299.32, and the S&P 500 was up 11.94, or 0.23%, to 5,215.52.