Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Coca-Cola (KO) reported upbeat Q4 results and provided FY24 organic revenue growth guidance [read more]
- Carl Icahn has reported a 9.91% activist stake in JetBlue (JBLU) and has held talks about board seats [read more]
- Liberty TripAdvisor (LTRPA) has authorized talks regarding a potential deal for TripAdvisor (TRIP) [read more]
- Shopify (SHOP) reported better-than-expected Q4 earnings and revenue, with GMV up 23% year-over-year [read more]
- Walmart (WMT) in talks to buy TV maker Vizio (VZIO) in more than $2B deal, WSJ says [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Paramount (PARA) is cutting hundreds of jobs, NY Times reports [read more]
- Some of Spirit Airlines' (SAVE) pilots have begun looking into other opportunities after a U.S. judge blocked the proposed merger with JetBlue Airways (JBLU), Reuters says [read more]
- Express (EXPR) is preparing for a debt restructuring that could include filing for bankruptcy within weeks, WSJ says [read more]
- Truist's (TFC) sale of the remaining 80% of its Truist Insurance Holdings unit is imminent, Insurer reports [read more]
- Tesla (TSLA) rival BYD (BYDDF) is weighing setting up an EV plant in Mexico, Nikkei reports [read more]
4. MOVERS:
- LianBio (LIAN) higher after deciding to initiate the wind down of its operations, including the sale of its remaining pipeline assets [read more]
- ZoomInfo (ZI) increases after reporting quarterly results [read more]
- Goodyear Tire (GT) lower after reporting Q4 results and providing guidance for Q1 and FY24 [read more]
- SSR Mining (SSRM) falls after providing multi-year production guidance and suspending operations at its Copler mine [read more]
- Teradata (TDC) declines after announcing quarterly results [read more]
5. EARNINGS/GUIDANCE:
- Hasbro (HAS) reported Q4 results and provided guidance for FY24 [read more]
- Arista Networks (ANET) reported Q4 results, with EPS and revenue beating consensus [read more]
- Lattice Semiconductor (LSCC) reported Q4 results, with CEO Jim Anderson commenting, "Despite near-term cyclical industry headwinds, we continue to be well positioned for the long-term" [read more]
- GlobalFoundries (GFS) reported Q4 results and provided guidance for Q1 [read more]
- Biogen (BIIB) reported Q4 results, with CEO Christopher Viehbacher commenting, "2023 was a year of transformation" [read more]
INDEXES:
The Dow fell 524.63, or 1.35%, to 38,272.75, the Nasdaq lost 286.95, or 1.80%, to 15,655.60, and the S&P 500 declined 68.67, or 1.37%, to 4,953.17.
