Supreme Court upholds TikTok ban, Ozempic selected for price talks: Morning Buzz

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

1. STOCK NEWS:

• The U.S. Supreme Court (NVO) shares were in focus after its Ozempic weight loss drug was selected for U.S. price negotiations
• Vistra (VST) shares were falling after a fire broke out at its Moss Landing Power Plant
• Activist investor Starboard Value has established a 7.7% stake in Qorvo (QRVO), WSJ reports
• PepsiCo (PEP) is being sued by the FTC for rigging soft drink competition

2. WALL STREET CALLS:

• Apple (AAPL) added to “Tactical Outperform” list at Evercore ISI
• Lumentum (LITE) upgraded to Overweight from Underweight at Barclays
• Salesforce (CRM) upgraded to Buy from Hold at TD Cowen
• BofA downgraded both Southwest (LUV) and JetBlue (JBLU) to Underperform from Neutral
• Warby Parker (WRBY) downgraded to In Line at Evercore after stock price nearly doubled

3. AROUND THE WEB:

• A company is interested in trying to acquire all of Intel (INTC), SemiAccurate reports
• Meta (META) is planning some corrections to its new content policies, The Information says
• FBI officials have warned that they believe hackers who breached AT&T‘s (T) system last year stole months of their agents’ call and text logs, Bloomberg reports
• Sony’s (SONY) PlayStation business has canceled previously unannounced video games at two of its top development studios, Bloomberg says
• TikTok, Shein, Xiaomi (XIACY), and three other Chinese companies have been named in a privacy complaint filed by Australian advocacy group Noyb, alleging the firms were unlawfully sending European Union user data to China, Reuters says

4. MOVERS:

• Sealsq (LAES) higher in New York after its MS600X Secure Hardware Platform was awarded the Common Criteria EAL5+ Certification
• Bank OZK (OZK) gains after reporting Q4 results
• TeraWulf (WULF) and Mara (MARA) increase after Bloomberg reported that Trump plans to designate crypto as a policy priority
• Quantum-SI (QSI) falls after announcing an inducement of grants under Nasdaq listing rule
• Plug Power (PLUG) lower after announcing the closing of a $1.66B Energy Department loan

5. EARNINGS/GUIDANCE:

• J.B. Hunt (JBHT) reported Q4 results, with EPS missing consensus
• Fastenal (FAST) reported Q4 results, with EPS and revenue below consensus
• Truist Financial (TFC) reported Q4 results, with EPS and revenue beating consensus
• SLB (SLB) reported Q4 results and announced a $2.3B accelerated share repurchase program
• Huntington Bancshares (HBAN) reported Q4 results, with CEO Steve Steinour commenting, “Our results reflect the success of our core businesses and investments in new geographies and commercial verticals”

INDEXES:

Near midday, the Dow was up 0.97%, or 416.74, to 43,569.87, the Nasdaq was up 1.48%, or 285.33, to 19,623.62, and the S&P 500 was up 1.08%, or 64.00, to 6,001.34.