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]
- The U.S. Federal Reserve said in its latest Beige Book report that the majority of Fed Districts saw "little or no change" in economic activity since the prior Beige Book period [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- A Boeing (BA) 737 MAX 9 plug door that blew out during an Alaska Airlines (ALK) flight was made in Malaysia, WSJ reports [read more]
- 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]
- 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]
- Masimo (MASI) rises after Reuters reported that a ban on the import of some Apple Watches (AAPL) will be reinstated on January 18 [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:
The Dow fell 94.45, or 0.25%, to 37,266.67, the Nasdaq lost 88.73, or 0.59%, to 14,855.62, and the S&P 500 declined 26.77, or 0.56%, to 4,739.21.
