Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Novartis (NVS) is in advanced talks to acquire Cytokinetics (CYTK), WSJ reports [read more]
- HP Enterprise (HPE) is in advanced talks to acquire Juniper (JNPR) for about $13B, according to WSJ [read more]
- Elliott Management built a $1B stake in Match Group (MTCH) and intends to push its board to take steps towards making a turnaround, WSJ says [read more]
- Becton Dickinson (BDX) reiterated its fiscal year earnings and revenue guidance [read more]
- Boeing (BA) reported 371 airplane gross orders and 67 commercial deliveries in December [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- ArcelorMittal (MT) plans to resume outlet at its Bosnia plant, Reuters says [read more]
- Nvidia (NVDA) plans to launch an AI chip for China in Q2, Reuters reports [read more]
- Walgreens (WBA) has agreed to pay Humana (HUM) $360M to settle a drug-pricing dispute, WSJ says [read more]
- Global technology companies, including Amazon (AMZN), Google (GOOGL), and Microsoft (MSFT), are working to ramp up their presence in Saudi Arabia, Bloomberg says [read more]
- Panasonic (PCRFY) still intends to build a third electric vehicle battery facility in the U.S., Nikkei reports [read more]
4. MOVERS:
- Accolade (ACCD) gains after reporting quarterly results [read more]
- Century Aluminum (CENX) higher after B. Riley upgraded the stock to Buy [read more]
- Urban Outfitters (URBN) increases after reporting holiday sales increased 10% [read more]
- Grifols (GRFS) lower after issuing a response to a Gotham City Research short report [read more]
- Canopy Growth (CGC) declines after announcing a 6.99M stock offering [read more]
5. EARNINGS/GUIDANCE:
- Albertsons (ACI) reported Q3 results, with revenue and EPS beating consensus [read more]
- Neogen (NEOG) reported Q2 results and lowered its FY24 guidance, with CEO John Adent commenting, "This is an exciting time on the journey of integrating the former 3M Food Safety business" [read more]
- ASE Technology (ASX) reported Q4 results, with revenue missing consensus [read more]
- Lantheus (LNTH) provided revenue guidance for FY23 that is higher than current consensus [read more]
- MSC Industrial (MSM) reported Q1 results, with CEO Erik Gershwind commenting, "Our fiscal first quarter results reflect strong execution in a challenging environment" [read more]
INDEXES:
Near midday, the Dow was down 189.26, or 0.50%, to 37,493.75, the Nasdaq was up 5.63, or 0.04%, to 14,849.40, and the S&P 500 was down 8.52, or 0.18%, to 4,755.02.
