Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Google (GOOGL) settles consumer privacy suit which sought $5B, Reuters says [read more]
- Fisker (FSR) advanced after the EV maker reported it produced 10,142 Fisker Oceans in 2023 and said it grew deliveries by over 300% from Q3 to Q4 [read more]
- UnitedHealth (UNH) reported an agreement to sell its operations in Brazil to a private investor and expects to record an associated $7B charge [read more]
- JD.com (JD) announced that a Beijing court found that Alibaba (BABA) abused its market dominance and was ordered to compensate the company $141M [read more]
- Grifols (GRFS) announced a strategic alliance with Haier Group and an agreement to sell approximately a 20% equity stake in Shanghai RAAS to Haier for a $1.8B cash [read more]
2. WALL STREET CALLS:
- Nomura downgraded Uber Technologies (UBER) to Neutral from Buy [read more]
- Nomura also downgraded Lyft (LYFT) to Reduce from Neutral [read more]
- Canaccord initiated coverage of Annovis Bio (ANVS) with a Buy rating and $36 target [read more]
- H.C. Wainwright says recent comments from GSK's (GSK) commercial head appear to indicate that Verona Pharma (VRNA) could be an attractive takeover target [read more]
- CytoSorbents (CTSO) downgraded to Neutral from Buy at H.C. Wainwright [read more]
3. AROUND THE WEB:
- After a "tough 2023," AstraZeneca (AZN) looks much better heading into 2024, Barron's says [read more]
- All Boeing (BA) 737 MAX jets operated by Chinese carriers are back in service, Reuters says [read more]
- Warner Bros. Discovery (WBD) has acquired Turkish streaming service BluTV, Variety says [read more]
- California Highway Patrol confirms it responded to a two-vehicle accident involving a 2023 Tesla (TSLA) Cybertruck, The Verge reports [read more]
- AMC (AMC) apologizes after removing a civil rights leader from a North Carolina location, NY Times says [read more]
4. MOVERS:
- Xpeng (XPEV) increases in New York after announcing it is expanding nationwide coverage of XNGP [read more]
- Boston Scientific (BSX) gains after announcing it anticipates FDA approval of FARAPULSE PFA system in Q1 [read more]
- RLX Technology (RLX) higher in New York after extending its $500M share repurchase program [read more]
- Marathon Digital (MAR) and Riot Platforms (RIOT) fall after India's Financial Intelligence Unit said it was planning to block the URLs of 9 offshore platforms, including Binance and Kraken [read more]
- SQM (SQM) declines after BofA said the terms for its MoU with Codelco imply downside risk [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was down 126.08, or 0.33%, to 37,584.02, the Nasdaq was down 110.91, or 0.73%, to 14,984.23, and the S&P 500 was down 24.10, or 0.50%, to 4,759.25.
