Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Charles Schwab (SCHW) reported upbeat Q4 earnings, with client assets rising 21% year-over-year at year-end [read more]
- The FAA said 40 inspections are now complete as part of the process to return Boeing (BA) 737-9 MAXs to service [read more]
- Verizon (VZ) said it is taking a $5.8B impairment charge for Business unit pressure [read more]
- PGT Innovations (PGTI) agreed to be acquired by Miter Brands for $42 per share, terminating its deal with Masonite (DOOR) [read more]
- Albemarle (ALB) plans to reduce headcount and lower spending on contracted services [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Google (GOOGL) has increasingly awarded large grants of restricted stock worth up to millions of dollars to select DeepMind researchers to rival OpenAI's offers, The Information says [read more]
- Fox's (FOXA) Emmy Awards broadcast draws record low viewership, AP says [read more]
- Disney (DIS) and 20th Century Studios have resolved a breach of contract litigation from TSG Entertainment, THR reports [read more]
- Netflix (NFLX) tests its retail deal with Carrefour (CRRFY) to add subscribers, Bloomberg says [read more]
- JPMorgan (JPM) is suffering 45B attempted cyber attacks per day, FT says [read more]
4. MOVERS:
- Evolus (EOLS) higher after providing guidance for Q4 and FY24 [read more]
- Natera (NTRA) increases after announcing the jury verdict related to a patent infringement lawsuit brought by Ravgen against the company [read more]
- Spirit AeroSystems (SPR) gains after Citi initiated coverage of the stock with a Buy rating [read more]
- Spirit Airlines (SAVE) declines after BofA downgraded the stock to Underperform after a district court judge blocked its proposed merger with JetBlue (JBLU) [read more]
- Luminar (LAZR) falls after Deutsche Bank downgraded the stock to Hold [read more]
5. EARNINGS/GUIDANCE:
- Veeco (VECO) narrows its Q4 guidance and provides its outlook for FY23 and FY24 [read more]
- Interactive Brokers (IBKR) reported Q4 results, with EPS missing consensus [read more]
- Citizens Financial (CFG) reports Q4 results, with CEO Bruce Van Saun commenting, "We continue to execute well and posted solid performance in Q4" [read more]
- NFI Group (NFYEF) provided guidance for FY23, FY24, and FY25 [read more]
- EVgo (EVGO) announced it expects FY23 results to meet or exceed guidance ranges [read more]
INDEXES:
Near midday, the Dow was down 59.80, or 0.16%, to 37,301.32, the Nasdaq was down 139.17, or 0.93%, to 14,805.18, and the S&P 500 was down 30.14, or 0.63%, to 4,735.84.
