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:
- Macy’s (M) delayed its Q3 earnings release after identifying an issue of fraudulent delivery expenses in one of its accrual accounts
- Summit Materials (SUM) agreed to be acquired by Quikrete for $52.50 per share in cash
- Comcast (CMCSA) subsidiary Universal’s “Wicked” won this weekend at the North American box office, coming ahead of Paramount’s (PARA) “Gladiator II” with $114M
- Intel (INTC) is close to finalizing an $8B CHIPS Act grant, CNBC reports
- Bath & Body Works (BBWI) provided a “beat and raise” report for Q3
2. WALL STREET CALLS:
- Wedbush upgraded Snowflake (SNOW) to Outperform
- BMO Capital downgraded Block (SQ) to Market Perform
- Morgan Stanley upgraded Robinhood (HOOD) to Overweight
- Telsey Advisory downgraded Five Below (FIVE) to Market Perform
- H.C. Wainwright initiated coverage of Sarepta (SRPT) with a Sell rating
3. AROUND THE WEB:
- Apple (AAPL) has postponed a larger-than-usual number of iOS 19 features to spring 2026, Bloomberg reports
- Walmart (WMT) U.S. CEO said Brian Setzer, the company’s Health & Wellness VP, is leaving the company, Reuters says
- Meta Threads (META) is losing ground to Bluesky in capitalizing the mass departure of users from Elon Musk’s X following Donald Trump’s election, FT reports
- Tesla (TSLA) has reached a “conditional” settlement in its 2020 lawsuit accusing Rivian (RIVN) of poaching its employees in order to steal electric-vehicle trade secrets, Bloomberg says
- The U.S. government launched an investigation into the Salt Typhoon after Microsoft (MSFT) alerted it, Verizon (VZ), AT&T (T), and other companies about anomalies, NYTimes says
4. MOVERS:
- Scholar Rock (SRRK) higher after Biohaven (BHVN) reported disappointing SMA data
- BridgeBio (BBIO) gains after the FDA approved Attruby for ATTR-CM patients
- Eastman Kodak (KODK) increases after announcing it is reviewing options with respect to KRIP, including possible termination
- Nano Nuclear Energy (NNE) lower after executing a definitive securities purchase agreement
- Oneok (OKE) falls after announcing it will acquire outstanding shares of EnLink (ENLC) for $4.3B
5. EARNINGS/GUIDANCE:
- Cannara Biotech (LOVFF) reported Q4 results, with CEO Zohar Krivorot commenting, “Fiscal 2024 was a transformative year for Cannara”
- StealthGas (GASS) reported Q3 results, with CEO Harry Vafias commenting, “Our company had another quarter of high performance”
- Freightos (CRGO) reported Q3 results, with EPS and revenue higher year-over-year
- Diana Shipping (DSX) reported Q3 results, with EPS lower year-over-year
- Super Hi (HDL) reported Q3 results, with EPS and higher year-over-year
INDEXES:
Near midday, the Dow was up 0.68%, or 302.45, to 44,598.96, the Nasdaq was up 0.37%, or 69.96, to 19,073.61, and the S&P 500 was up 0.24%, or 14.55, to 5,983.89.
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Read More on AAPL:
- Trump Trade: TikTok CEO seeks Musk’s counsel on Trump presidency
- CFPB expands oversight to PayPal and Block, says New Street
- Apple survey work points to improving iPhone upgrade rates, says Morgan Stanley
- Apple CEO built personal relationship with Trump, WSJ reports
- Apple postponing some iOS 19 features to spring 2026, Bloomberg reports
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
