Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.

1. STOCK NEWS: 

• IBM (IBM) reported better than expected Q4 earnings and revenue [more]
• General Electric (GE) slid after its Q4 revenue missed the consensus forecast [more]
  
• Johnson & Johnson (JNJ) reported quarterly results and provided upbeat FY22 earnings and revenue guidance [more]
  
• 3M (MMM) reported better than expected Q4 results [more]
  
• The FTC is suing to block Aerojet Rocketdyne's (AJRD) proposed buyout by Lockheed Martin (LMT) [more]
  

2. WALL STREET CALLS: 

• Nike (NKE) upgraded to Overweight from Equal Weight at Wells Fargo [more]
• Snowflake (SNOW) upgraded to Buy from Hold at Loop Capital [more]
  
• Delta Air Lines (DAL) upgraded to Buy from Hold at Berenberg, American Airlines (AAL) downgraded to Neutral from Buy at Redburn [more]
  
• Wells Fargo downgrades Kroger (KR) to Underweight with $42 price target [more]
  
• KeyBanc downgrades Anaplan (PLAN) to Sector Weight [more]
  

3. AROUND THE WEB: 

• Nvidia (NVDA) is preparing to abandon its $40B proposed takeover of SoftBank's (SFTBY) Arm, Bloomberg reports [more]
• MoneyGram (MGI) is reviewing competing takeover offers from private equity firms, Reuters reports [more]
  
• Alphabet's (GOOGL) YouTube is exploring NFT features for video creators, Bloomberg says [more]
  
• AMC Entertainment (AMC) is in advanced talks to refinance debt, WSJ reports [more]
  
• Tencent (TCEHY) fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign, CNBC says [more]

4. MOVERS: 

• MindMed (MNMD) increases after announcing FDA approval of its IND application for MM-120 [more]
• Turquoise Hill (TRQ) gains in New York after announcing its starting production at Oyu Tolgoi underground mine in Mongolia [more]
  
• Allscripts (MDRX) higher after raising its FY21 adjusted EBITDA and free cash flow views, after providing its Q4 revenue guidance, and after announcing a new buyback program [more]
  
• United Microelectronics (UMC) falls in New York after announcing quarterly results [more]
  
• Bit Digital (BTBT) lower as the price of bitcoin continues to extend last week's decline [more]
  

5. EARNINGS/GUIDANCE: 

• Verizon (VZ) reported upbeat Q4 results [more]
• American Express (AXP) also reported upbeat Q4 earnings and revenue [more]
  
• Commvault (CVLT) provided upbeat Q4 revenue guidance [more]
  
• Lockheed Martin (LMT) reported upbeat Q4 results [more]
  
• Archer Daniels (ADM) reported upbeat Q4 earnings and revenue [more]
  

INDEXES: 

Near midday, the Dow was down 382.85, or 1.11%, to 33,981.65, the Nasdaq was down 364.22, or 2.63%, to 13,490.91, and the S&P 500 was down 82.25, or 1.87%, to 4,327.88.