Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Visa (V) and MasterCard (MA) confirmed U.S. credit card interchange rate settlements with merchants [read more]
- Krispy Kreme (DNUT) will provide doughnuts to McDonald's (MCD) in a national partnership [read more]
- Alibaba (BABA) announced that its Cainiao subsidiary withdrew its IPO on the Hong Kong Stock Exchange [read more]
- Digital World Acquisition (DWAC) and Trump Media (DJT) completed their business combination, with Trump Media starting stock trading Tuesday [read more]
- 3M (MMM) will pay $6B through 2029 to resolve Combat Arms Earplug litigation [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Apple (AAPL) and Baidu (BIDU) have not made an AI deal yet, AppleInsider reports [read more]
- Amazon (AMZN) expands same-day pharmacy delivery to NY and LA, WSJ says [read more]
- Tesla (TSLA) is in talks to possibly produce electric trucks in Italy, Il Sole 24 Ore says [read more]
- Nvidia (NVDA) partner plans to invest $4B to build facility in Indiana, WSJ reports [read more]
- Paramount's (PARA) CBS entered a five-year deal to broadcast the Golden Globes, NY Times reports [read more]
4. MOVERS:
- Stoke Therapeutics (STOK) gains after announcing new data from its STK-001 studies and providing Q4 results [read more]
- Mesoblast (MESO) increases in New York after reporting the FDA said data from its Phase 3 study MSB-GVHD001 appears sufficient to support the submission of the proposed BLA for remestemcel-L [read more]
- Trump Media (DJT) higher after it began trading on NASDAQ [read more]
- Cardlytics (CDLX) falls after proposing a convertible notes offering [read more]
- GDS Holdings (GDS) declines in New York after reporting quarterly results [read more]
5. EARNINGS/GUIDANCE:
- UPS (UPS) provided targets for FY26 [read more]
- Ford (F) backed its FY24 adjusted EBITDA guidance [read more]
- McCormick (MKC) reported Q1 results and provided guidance for FY24, with CEO Brendan Foley commenting, "We are pleased to start the year with strong first quarter performance" [read more]
- Movado (MOV) reported Q4 results and provided guidance for FY25 [read more]
- BuzzFeed (BZFD) announced Q4 results [read more]
INDEXES:
Near midday, the Dow was up 92.91, or 0.24%, to 39,406.55, the Nasdaq was up 60.47, or 0.37%, to 16,444.94, and the S&P 500 was up 13.45, or 0.26%, to 5,231.64.