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PM, AQN, DIS...
1/12/2023 16:01pm
What You Missed On Wall Street On Thursday

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

  • Disney (DIS) named Mark Parker chairman of the board and said it does not endorse Trian's board nominee [more]
  • T-Mobile (TMUS) is considering an acquisition of Mint Mobile, according to Bloomberg [more]
  • American Airlines (AAL) raised its Q4 adjusted earnings guidance [more]
  • Logitech (LOGI) provided downbeat Q3 revenue guidance and cut its FY23 revenue growth outlook [more]
  • Cognizant (CTSH) revised its guidance and named a former Infosys (INFY) executive as its new CEO [more]

2. WALL STREET CALLS:

  • Netflix (NFLX) upgraded to Buy from Hold at Jefferies [more]
  • SentinelOne (S) downgraded to Neutral at BofA and to Equal Weight at Morgan Stanley [more]
  • Roku (ROKU) downgraded to Underperform from Hold at Jefferies [more]
  • HP Enterprise (HPE) downgraded to In Line from Outperform at Evercore ISI [more]
  • Spotify (SPOT) downgraded to Hold from Buy at Jefferies [more]

3. AROUND THE WEB:

  • Arch (ACGL) emerged as a late-stage bidder in Argo (ARGO) auction, Insurance Insider reports [more]
  • Tesla's (TSLA) Shanghai plant expansion delayed due to data concerns, Bloomberg reports [more]
  • Uber (UBER) drivers struggle to live off their earnings, NY Times reports [more]
  • Chief brand officer Beth Moskowitz leaving Beyond Meat (BYND), WSJ reports [more]
  • Tony Khan's All Elite Wrestling a potential WWE (WWE) suitor, Barron's says [more]

4. MOVERS:

  • CommScope (COMM) higher after BofA double-upgraded the stock to Buy [more]
  • Calix (CALX) rises, rebounding from yesterday's sharp selloff after its Needham conference presentation [more]
  • Oramed (ORMP) declines after announcing its Phase 3 trial of ORMD-0801 did not meet its primary endpoint [more]
  • Knot Offshore (KNOP) lower in New York after Alliance Global Partners downgraded the stock to Sell from Buy [more]
  • Unity (U) falls after Jefferies downgraded the stock to Underperform [more]

5. EARNINGS/GUIDANCE:

  • TSMC (TSM) reported mixed Q4 results [more]
  • Philip Morris (PM) expects 2022 results to be broadly in line with prior guidance [more]
  • Algonquin Power (AQN) provided downbeat 2023 earnings guidance [more]
  • GXO Logistics (GXO) provided FY22 and FY23 revenue guidance [more]
  • Infosys (INFY) reported in-line Q3 earnings [more]

INDEXES:

The Dow rose 216.96, or 0.64%, to 34,189.97, the Nasdaq gained 69.43, or 0.64%, to 11,001.10, and the S&P 500 advanced 13.56, or 0.34%, to 3,983.17.

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