Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Intel (INTC) reported better-than-expected Q4 earnings and revenue but provided downbeat Q1 guidance [read more]
- Visa (V) reported upbeat Q4 results, with CEO Ryan McInerney saying 2024 is off to a "solid start" [read more]
- T-Mobile (TMUS) reported mixed Q4 results and provided FY24 adjusted EBITDA guidance [read more]
- American Express (AXP) reported downbeat Q4 earnings and revenue, provided an upbeat FY24 earnings outlook, and raised its quarterly dividend [read more]
- JetBlue (JBLU) said its Spirit (SAVE) merger agreement may be terminable on and after January 28 [read more]
2. WALL STREET CALLS:
- Oppenheimer upgraded Coinbase (COIN), says stronger than many realize [read more]
- Deutsche Bank upgraded Snap (SNAP) to Buy on "clear, strong catalyst path" [read more]
- Tesla (TSLA) downgraded and removed from "Stock Focus List" at Edward Jones on slowing earnings growth [read more]
- Dow Inc. (DOW) downgraded to Neutral on valuation at JPMorgan [read more]
- American Airlines (AAL) upgraded to Outperform at TD Cowen and raised to Buy at Seaport Research [read more]
3. AROUND THE WEB:
4. MOVERS:
- Capital One (COF) rises after reporting quarterly results [read more]
- Ginkgo Bioworks (DNA) higher after Cathie Wood's ARK Investment bought 511k shares of the company's stock [read more]
- Longboard Pharmaceuticals (LBPH) falls after 4M share block trade priced at $24.25 per share [read more]
- Processa Pharmaceuticals (PCSA) declines after pricing 1.56M shares at $4.50 in a public offering [read more]
- Recursion Pharmaceuticals (RXRX) lower after TD Cowen initiated coverage of the stock with a Market Perform rating [read more]
5. EARNINGS/GUIDANCE:
- Western Digital (WDC) reported Q2 results, with EPS and revenue beating consensus [read more]
- Norfolk Southern (NSC) reported Q4 results [read more]
- Booz Allen (BAH) announced Q3 results and raised its FY24 guidance [read more]
- KLA Corp. (KLAC) reported Q2 results, with CEO Rick Wallace commenting, "December quarter results were ahead of our expectations and capped a solid year" [read more]
- AppFolio (APPF) reported Q4 results and provided guidance for FY24 [read more
INDEXES:
Near midday, the Dow was up 124.85, or 0.33%, to 38,173.98, the Nasdaq was up 15.18, or 0.10%, to 15,525.68, and the S&P 500 was up 8.93, or 0.18%, to 4,903.09.
