Airbnb, Moderna report Q4 results: Morning Buzz

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

• Airbnb (ABNB) reported better-than-expected Q4 earnings and announced plans to invest $200M-$250M towards launching and scaling new businesses
• DraftKings (DKNG) reported upbeat Q4 results and narrowed its FY25 revenue guidance
• Moderna (MRNA) reported mixed Q4 results and reiterated its FY25 revenue outlook
• AMC Networks (AMCX) reported lower-than-expected Q4 results, with domestic operations revenues down 11% year-over-year
• Meta (META) is planning a “major investment” into humanoid robots, Bloomberg reports

2. WALL STREET CALLS:

• Baird (ABNB) to Outperform after earnings while Gordon Haskett and Goldman Sachs also upgraded shares to Neutral-equivalent ratings
• Crispr Therapeutics (CRSP) upgraded at Evercore ISI ahead of upcoming catalysts
• PG&E (PCG) downgraded to Underweight at Morgan Stanley on “severe” financial risk from California wildfires
• Informatica (INFA) was downgraded by no less than six firms on execution issues
• AMD (AMD) downgraded at Daiwa, here’s why

3. AROUND THE WEB:

• Match Group (MTCH) has known for years about abusive and violent users, but chooses to leave millions of people in the dark, The Markup says
• Boeing (BA) aims to ramp up 737 production by eliminating shadow factories where planes are fixed instead of built, freeing up skilled workers for new aircraft production, WSJ reports
• Apple (AAPL) continues to work with Baidu (BIDU) to develop AI search and Siri features for iPhone users in China even after onboarding new partner Alibaba (BABA), The Information says
• A French magistrate has opened a fraud inquiry into Nestle (NSRGY) and Sources Alma over suspicions of illegal water processing, AFP reports
• Glencore (GLNCY) has held preliminary talks about selling its multibillion-dollar copper and cobalt mines in the Democratic Republic of Congo, Financial Times says

4. MOVERS:

• WeRide (WRD) gains in New York after Nvidia (NVDA) disclosed it has a stake in the company
• Allogene (ALLO) higher after reporting data from its ALPHA and ALPHA2 trials of cemacabtagene ansegedleucel
• Nu Skin (NUS) and PacBio (PACB) advance after reporting quarterly results
• SoundHound (SOUN) and Serve Robotics (SERV) fall after Nvidia filed a 13F with the SEC that indicates it exited its stakes in the companies
• GoDaddy (GDDY) and DaVita (DVA) lower after reporting quarterly results

5. EARNINGS/GUIDANCE:

• Roku (ROKU) reported Q4 results and provided guidance for Q1 and FY25
• Applied Materials (AMAT) reported Q1 results, with EPS and revenue beating consensus
• Twilio (TWLO) reported Q4 results, with CEO Khozema Shipchandler highlighting “a second consecutive quarter of double digit growth”
• Newmark (NMRK) reported Q4 results, with EPS and revenue beating consensus
• TreeHouse (THS) reported Q4 results and provided guidance for Q1 and FY25

INDEXES:

Near midday, the Dow was down 72.32, or 0.16%, to 44,639.11, the Nasdaq was up 27.40, or 0.14%, to 19,973.05, and the S&P 500 was up 2.94, or 0.05%, to 6,118.01.