Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- 3M (MMM) has finalized a settlement with public water suppliers [read more]
- UPS (UPS) was awarded a significant air cargo contract by USPS, meanwhile FedEx (FDX) announced the end of its USPS agreement [read more]
- Doma Holdings (DOMA) enters into a pact with Title Resources to go private at $6.29 per share [read more]
- Twilio (TWLO) has named Sachem Head partner Andy Stafman to its board, with RBC Capital saying that activist pressure will be good for Twilio shareholders [read more]
- Eiger BioPharmaceuticals (EIGR) filed for voluntary Chapter 11 protection [read more]
2. WALL STREET CALLS:
- TransUnion (TRU) was upgraded to Neutral from Underperform at BofA [read more]
- Wells Fargo upgraded Devon Energy (DVN) to Overweight from Equal Weight [read more]
- Meanwhile, Wells Fargo downgraded Bill (BILL) to Underweight from Equal Weight [read more]
- Dynatrace (DT) was downgraded to Hold from Buy at Needham [read more]
- Barclays initiated coverage of Crocs (CROX) with an Overweight rating and $167 price target [read more]
3. AROUND THE WEB:
- United Airlines (UAL) is asking pilots to take unpaid time off, CNBC says [read more]
- Court rules Meta Platforms (META) cannot delay the U.S. FTC from reopening a probe into the alleged privacy failures by its Facebook unit, Reuters reports [read more]
- Pfizer (PFE) is moving the majority of its creative brand duties from Interpublic (IPG) to Publicis (PUBGY), AdAge says [read more]
- Microsoft (MSFT) and OpenAI have been making plans for a data center project that could cost up to $100B, Information reports [read more]
- Citi (C) will cut 430 jobs in New York across several units, Reuters reports [read more]
4. MOVERS:
- Ballard Power (BLDP) gains in New York after announcing the largest order in company history [read more]
- Iris Energy (IREN) higher after providing a business update [read more]
- Semtech (SMTC) increases after reporting quarterly results [read more]
- Disc Medicine (IRON) falls after announcing results from its Phase 2 AURORA study [read more]
- Autolus Therapeutics (AUTL) declines in New York after announcing Chairman John Johnson has stepped down from his role [read more]
5. EARNINGS/GUIDANCE:
- Biomea Fusion (BMEA) reported Q4 results, with EPS missing consensus [read more]
- Crown Electrokinetics (CRKN) reported FY23 results and provided guidance for Q1 and Q2 [read more]
- Jacobs (J) reaffirmed its FY24 guidance [read more]
- Carisma Therapeutics (CARM) reported Q2 results, with EPS and revenue beating consensus [read more]
- Spar Group (SGRP) reported Q4 results, with CEO Mike Matacunas commenting, "Fiscal 2023 was a pivotal year for the Company" [read more]
INDEXES:
The Dow fell 240.52, or 0.60%, to 39,566.85, the Nasdaq gained 17.37, or 0.11%, to 16,396.83, and the S&P 500 declined 10.58, or 0.20%, to 5,243.77.