Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
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1. STOCK NEWS:
- UnitedHealth (UNH) reported upbeat Q4 earnings and reiterated its FY25 guidance
- Bank of America (BAC) reported better-than-expected Q4 results
- Morgan Stanley (MS) reported upbeat Q4 earnings and revenue, with the company saying it will continue to “prudently” grow its dividend
- Target (TGT) reported holiday period sales growth of 2.8% and reiterated its Q4 and FY24 outlook
- Symbotic (SYM) will acquire Walmart’s (WMT) Advanced Systems and Robotics business
2. WALL STREET CALLS:
- Netflix (NFLX) upgraded to Buy with $955 price target at Seaport Research
- Southwest (LUV) downgraded to Sell at Citi
- UPS (UPS) upgraded at BofA, here’s why
- Edwards Lifesciences (EW) downgraded to Underperform at Wolfe Research
- Wolfe downgraded AMD (AMD) on lower data center expectations
3. AROUND THE WEB:
- Google (GOOGL) CEO Sundar Pichai told employees recently that he believes the company’s Gemini AI technology has surpassed the capabilities of rivals and he wants the chatbot built on it to be used by 500M people by the end of 2025, WSJ reports
- Meta (META) may have to “roll back or pause” some features in India after a directive from the Competition Commission of India banned WhatsApp data sharing with Meta for ad purposes, Reuters says
- Apple’s (AAPL) annual shipments to China declined 17% in 2024, Reuters says
- Blackstone (BX) has tapped financial advisers to assist it in exploring the sale of music rights, including the catalogue of Bob Dylan, Adele, and Ariana Grande, Bloomberg reports
- BP (BP) CEO Murray Auchincloss told staff the company is cutting 4,700 positions internally and 3,000 contractor roles, Bloomberg reports
4. MOVERS:
- DouYu (DOYU) higher in New York after appointing Simin Ren as co-CEO
- Standard Lithium (SLI) gains in New York after announcing its subsidiary SWA Lithium, jointly owned with Equinor (EQNR), closed the $225M grant from the U.S. DOE Office of Manufacturing & Energy Supply Chains
- Rezolve AI (RZLV) increases in New York after Maxim initiated coverage of the stock with a Buy rating
- Borr Drilling (BORR) falls in New York after receiving a notice of temporary suspension in Mexico
- U.S. Bancorp (USB) lower after reporting Q4 results, with EPS and revenue beating consensus
5. EARNINGS/GUIDANCE:
- Life Time Group (LTH) provided guidance for Q4, FY24, and FY25
- Polestar (PSNY) reported Q3 results and lowered its guidance for FY24
- Masimo (MASI) narrowed its guidance for FY24 and provided its outlook for FY25
- First Horizon (FHN) reported Q4 results, with EPS beating consensus
- Eos Energy (EOSE) provided guidance for FY24 and FY25
INDEXES:
Near midday, the Dow was up 0.05%, or 23.53, to 43,245.08, the Nasdaq was down 0.32%, or 61.79, to 19,449.44, and the S&P 500 was up 0.06%, or 3.33, to 5,953.24.
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Read More on NFLX:
- Netflix price target cut to $925 at Loop Capital on higher assumed discount rate
- Netflix upgraded, AMD downgraded: Wall Street’s top analyst calls
- Is Netflix Stock (NASDAQ:NFLX) a Buy Ahead of its Q4 Earnings?
- Netflix upgraded to Buy at Seaport Research, price target $955
- Netflix earnings expectations stay buoyant, says Citi