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2/3/2023 12:02pm
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:

  • Apple (AAPL) reported downbeat Q1 results, with CEO Tim Cook highlighting the "challenging environment" [more]
  • Amazon (AMZN) reported mixed Q4 results and gave Q1 revenue guidance that was below consensus at its midpoint [more]
  • Alphabet (GOOGL) reported lower-than-expected Q4 earnings and revenue [more]
  • Ford (F) reported mixed Q4 results [more]
  • Starbucks (SBUX) reported downbeat Q1 earnings and revenue [more]

2. WALL STREET CALLS:

  • Boeing (BA) downgraded to Sector Perform from Outperform at RBC Capital [more]
  • Deutsche downgrades Ford (F) to Sell on "meaningful" earnings risk [more]
  • Baird upgrades Cardinal Health (CAH), sees "value trap label" ending [more]
  • Morgan Stanley upgraded Neurocrine (NBIX) to Overweight [more]
  • HSBC downgraded Meta Platforms (META) to Reduce from Hold with an unchanged price target of $110 [more]

3. AROUND THE WEB:

  • Silvergate (SI) faces a DOJ fraud investigation related to FTX, Bloomberg reports [more]
  • Activist investor Ryan Cohen has amassed a sizable stake in Nordstrom (JWN), WSJ reports [more]
  • Broadcom (AVGO) CEO Hock Tan plans to seek more acquisitions after VMware (VMW), FT reports [more]
  • Credit Suisse (CS) faces a probe after leak of $100B accounts, Bloomberg says [more]
  •  FTC readying possible antitrust lawsuit against Amazon, WSJ reports [more]

4. MOVERS:

  • C3.ai (AI) rises after DA Davidson initiated the stock with a Buy rating [more]
  • Clorox (CLX) higher after reporting quarterly results [more]
  • Two Harbors Investment (TWO) declines after announcing a 10M share offering [more]
  • Marathon Digital (MARA) falls after reporting it produced 687 BTC in January [more]
  • GoPro (GPRO) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • Atlassian (TEAM) reported upbeat Q3 results and authorized the repurchase of up to $1B of stock [more]
  • Bill.com (BILL) issued Q2 results that were called "quite strong," but its forward outlook was well below expectations [more]
  • Qualcomm (QCOM) reported upbeat Q1 earnings [more]
  • Zimmer Biomet (ZBH) reported better-than-expected Q4 results [more]
  • Cigna (CI) reported upbeat Q4 results [more]

INDEXES:

Near midday, the Dow was down 4.99(-0.01%, to 34,048.95, the Nasdaq was down 58.20, or 0.48%, to 12,142.62, and the S&P 500 was down 19.80, or 0.47%, to 4,159.96.

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