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AMZN, GE, CRWD...
3/10/2022 12:03pm
What You Missed On Wall Street This Morning
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Amazon's (AMZN) board authorized a 20-for-1 stock split and a $10B stock buyback [more]
- General Electric (GE) provided FY22 adjusted earnings guidance and announced it has suspended operations in Russia [more]
- Crowdstrike (CRWD) reported upbeat Q4 results [more]
- Marqeta (MQ) also reported upbeat Q4 revenue [more]
- JD.com (JD) reported better-than-expected Q4 earnings [more]
2. WALL STREET CALLS:
- Asana (ASAN) downgraded to Underweight on "still rich" valuation at JPMorgan [more]
- Cisco (CSCO) downgraded to Equal Weight from Overweight at Wells Fargo [more]
- BTIG upgraded Crowdstrike (CRWD) to Buy from Neutral and Morgan Stanley raised the stock to Equal Weight after earnings [more]
- Northcoast downgraded McDonald's (MCD) to Neutral from Buy after company's closing of operations in Russia and Ukraine [more]
- DA Davidson initiated coverage of Shift4 Payments (FOUR) with a Buy rating and $70 price target [more]
3. AROUND THE WEB:
- Netflix (NFLX) will raise prices in the U.K. and Ireland, Variety reports [more]
- Goldman Sachs (GS) will close all operations in Russia, Bloomberg reports [more]
- The SEC is ready to distribute Tesla (TSLA) settlement funds, Reuters reports [more]
- Uber (UBER) and Lyft (LYFT) drivers face rider issues as states lift mask rules, WSJ reports [more]
- Foxconn (HNHPF) will primarily produce Apple's (AAPL) Mac Studio, DigiTimes reports [more]
4. MOVERS:
- Ebix (EBIX) increases after EbixCash filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India [more]
- Natera (NTRA) higher after the company conducted a conference call addressing Hindenburg’s short seller report [more]
- Clarivate (CLVT) and FuelCell (FCEL) rise in New York after reporting quarterly results [more]
- SuRo Capital (SSSS) declines after BTIG analyst Mark Palmer lowered the firm's price target on the stock to $16 from $20 to reflect the "more uncertain environment" in which the company is operating but keeps a Buy rating on the shares [more]
- Trean Insurance (TIG), Fossil Group (FOSL), and KE Holdings (BEKE) fall in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Asana (ASAN) reported upbeat Q4 results [more]
- Moody's (MCO) provided downbeat Q1 earnings guidance [more]
- Portillo's (PTLO) reported downbeat Q4 results [more]
- Thryv (THRY) reported upbeat Q4 results [more]
- Vita Coco (COCO) reported upbeat Q4 revenue [more]
INDEXES:
Near midday, the Dow was down 356.05, or 1.07%, to 32,930.20, the Nasdaq was down 245.44, or 1.85%, to 13,010.11, and the S&P 500 was down 51.27, or 1.20%, to 4,226.61.