Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
2. WALL STREET CALLS:
- Monness Crespi downgraded Palantir (PLTR) to Sell on "egregiously rich" valuation [read more]
- BofA upgraded Estee Lauder (EL) to Buy, says earnings have bottomed [read more]
- Cleveland-Cliffs (CLF) double upgraded to Buy from Sell at GLJ Research [read more]
- Molina Healthcare (MOH) downgraded to Underperform from Neutral at BofA [read more]
- HSBC downgraded Bank of America (BAC) to Hold following rally [read more]
3. AROUND THE WEB:
- Disney (DIS) has added Hulu to Disney+ after beta testing the integration since December 2023, Hollywood Reporter says [read more]
- Walmart (WMT) and Vizio (VZIO) pulled and refilled their notification under the Hart-Scott-Rodino Act on Wednesday, which may cause the deal to get a "prolonged look from regulators," Dealreporter reports [read more]
- Kinder Morgan (KMI) is weighing opportunities for mergers and acquisitions, Bloomberg reports [read more]
- Lilly's (LLY) Zepbound is in short supply at Amazon Pharmacy (AMZN) and Rite Aid (RAD), Bloomberg says [read more]
- Johnson & Johnson (JNJ) will pay $75M to settle a $6B baby powder lawsuit, Bloomberg reports [read more]
4. MOVERS:
- Opko Health (OPK) higher after entering an agreement for Labcorp (LH) to acquire select assets of the company's BioReference Health [read more]
- Summit Therapeutics (SMMT) increases after its CEO and CFO both bought stock in the company [read more]
- AMC Entertainment (AMC) lower after filing to sell up to $250M in common stock [read more]
- Reddit (RDDT) falls after its CEO, COO, CTO, and CFO all sold shares of the stock [read more]
- TD Synnex (SNX) declines after announcing a 10.5M share offering [read more]
5. EARNINGS/GUIDANCE:
- Braze (BRZE) reported Q4 results and provided guidance for Q1 and FY25 [read more]
- Chemours (CC) announced Q4 results, with EPS and revenue beating consensus [read more]
- Sprinklr (CXM) reported Q4 results, with CEO Ragy Thomas commenting, "We are pleased with Sprinklr's fourth quarter performance and overall success in FY24" [read more]
- MillerKnoll (MLKN) reported Q3 results and provided guidance for both FY24 and Q4 [read more]
- Walgreens Boots Alliance (WBA) reported Q2 results and narrowed its FY24 guidance [read more]
INDEXES:
The Dow rose 47.29, or 0.12%, to 39,807.37, the Nasdaq lost 20.06, or 0.12%, to 16,379.46, and the S&P 500 advanced 5.86, or 0.11%, to 5,254.35.