Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Chesapeake (CHK) and Southwestern Energy (SWN) agreed to merge in a $7.4B all-stock transaction [read more]
- The SEC has approved the listing and trading of spot bitcoin exchange-traded products [read more]
- Hertz (HTZ) said it will sell 20,000 electric vehicles form its fleet and take a $245M charge [read more]
- KB Home (KBH) reported upbeat Q4 earnings and revenue [read more]
- Tesla (TSLA) plans to raise pay across its U.S. factories, Bloomberg reports [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Google (GOOGL) has cut hundreds of employees who worked on core engineering, the Google Assistant product, and hardware such as the Pixel phone, NY Times says [read more]
- Microsoft-backed (MSFT) OpenAI is in talks with CNN (WBD), Fox Corp. (FOXA), and Time to license their work, Bloomberg reports [read more]
- Shari Redstone is launching a formal auction of National Amusements, the holding company that controls Paramount (PARA), NY Post reports [read more]
- Nintendo (NTDOY) shares reached a record high in Japan, VGC reports [read more]
- Regeneron (REGN) will start testing combinations of its antibody drugs with the GLP-1 drugs introduced by Lilly (LLY) and Novo Nordisk (NVO), Bloomberg reports [read more]
4. MOVERS:
- Infinera (INFN) higher after providing preliminary Q3 EPS and revenue guidance [read more]
- DocGo (DCGO) gains after backing its FY23 revenue outlook and providing guidance for FY24 [read more]
- T. Rowe Price (TROW) higher after reporting preliminary AUM at December 31, 2023 [read more]
- Endeavour Silver (EXK) falls in New York after providing its FY24 silver production outlook [read more]
- Plug Power (PLUG) falls after Susquehanna downgraded the stock to Neutral [read more]
5. EARNINGS/GUIDANCE:
- Globus Medical (GMED) provided guidance for Q4, FY23, and FY24, with CEO Dan Scavilla commenting "2023 was a monumental year" [read more]
- Infosys (INFY) reported Q3 results and provided guidance for FY24 [read more]
- Aspen Aerogels (ASPN) provided guidance for Q4, FY23, and FY24 [read more]
- Hesai (HSAI) announced its Q4 revenue results are expected to surpass high-end of prior guidance [read more]
- Richardson Electronics (RELL) reported Q2 results that were lower year-over-year [read more]
INDEXES:
Near midday, the Dow was down 259.03, or 0.69%, to 37,436.70, the Nasdaq was down 151.04, or 1.01%, to 14,818.61, and the S&P 500 was down 40.39, or 0.84%, to 4,743.06.
