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1/25/2023 16:01pm
What You Missed On Wall Street On Wednesday

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

1. STOCK NEWS:

  • Microsoft (MSFT) reported upbeat Q2 results, with Cloud revenue up 29% in constant currency, but shares reversed in after-hours trading as Azure guidance was discussed [more]
  • AT&T (T) reported mixed Q4 results and provided downbeat FY23 earnings guidance [more]
  • Boeing (BA) reported downbeat Q4 results and reaffirmed its operating cash flow outlook for FY23 [more]
  • Texas Instruments (TXN) reported better-than-expected Q4 results [more]
  • Rupert Murdoch withdrew his proposal to explore a combination of Fox (FOXA) and News Corp. (NWSA) [more]

2. WALL STREET CALLS:

  • Fisker (FSR), Li-Cycle (LICY) and Freyr Battery (FREY) downgraded while Tesla (TSLA) was named new "Top Pick" at Morgan Stanley amid EV "reset" [more]
  • BMO downgrades Microsoft (MSFT) post results on Azure uncertainty [more]
  • Philip Morris (PM) upgraded to Buy from Neutral at Goldman Sachs [more]
  • Block (SQ) downgraded to Perform from Outperform at Oppenheimer [more]
  • Loop upgrades News Corp. (NWSA) and Fox (FOXA) to Buy after Murdoch withdraws tie-up proposal [more]

3. AROUND THE WEB:

  • Walgreens (WBA) is weighing the sale of its $2B pharmacy automation business, Bloomberg reports [more]
  • Apollo Global (APO) and Marcelo Claure are considering a takeover of Millicom (TIGO), FT reports [more]
  • Dentsply Sirona (XRAY) is weighing a potential carve-out of Wellspect, Bloomberg says [more]
  • The DOJ is probing Goodyear Tire's (GT) handling of a recalled tire, WSJ reports [more]
  • Juul in deal discussions with Philip Morris (PM), Altria (MO), Japan Tobacco (JAPAY), WSJ says [more]

4. MOVERS:

  • Stride (LRN) higher after reporting quarterly results [more]
  • Canoo (GOEV) gains after signing an exclusive sale, service, and distribution agreement with GCC Olayan [more]
  • Shopify (SHOP) increases in New York after announcing changes to its 2023 plan pricing [more]
  • Precigen (PGEN) lower after announcing a 42.86M share offering [more]
  • Extreme Networks (EXTR) falls after reporting quarterly results and after announcing the retirement of its CFO [more]

5. EARNINGS/GUIDANCE:

  • Capital One (COF) reported downbeat Q4 results [more]
  • Abbott (ABT) reported upbeat Q4 earnings and revenue [more]
  • General Dynamics (GD) reported better-than-expected Q4 results [more]
  • Kimberly-Clark (KMB) reported upbeat Q4 results [more]
  • Intuitive Surgical (ISRG) reported downbeat Q4 results [more]

INDEXES:

The Dow rose 9.88, or 0.029%, to 33,743.84, the Nasdaq lost 20.91, or 0.18%, to 11,313.36, and the S&P 500 declined 0.73, or 0.018%, to 4,016.22.

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