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MRNA, NVTS, TAP...
2/24/2023 16:02pm
What You Missed On Wall Street On Friday

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

1. STOCK NEWS:

  • Block (SQ) reported downbeat Q4 earnings but upbeat Q4 revenue [read more]
  • Booking (BKNG) reported better-than-expected Q4 results and announced a $20B share buyback [read more]
  • Warner Bros. Discovery (WBD) reported downbeat Q4 earnings and revenue [read more]
  • Boeing (BA) halted 787 Dreamliner deliveries over a documentation issue, according to The Wall Street Journal [read more]
  • Goldman Sachs (GS) announced a new buyback program of up to $30B of shares [read more]

2. WALL STREET CALLS:

  • Baird and Citi each downgraded Domino's Pizza (DPZ) to Neutral [read more]
  • Evercore ISI upgraded Block (SQ) to In Line from Underperform [read more]
  • Canaccord upgraded Kratos Defense (KTOS) to Buy [read more]
  • Goldman Sachs downgraded Yeti Holdings (YETI) to Neutral from Buy [read more]
  • SVB Securities downgraded Moderna (MRNA) to Underperform [read more]

3. AROUND THE WEB:

  • Molson Coors (TAP) was told to stop comparing competitors' beer to water, WSJ reports [read more]
  • Ericsson (ERIC) is laying off 8,500 employees globally, Reuters reports [read more]
  • The U.S. Justice Department is preparing a suit to block Adobe's (ADBE) acquisition of Figma, Bloomberg reports [read more]
  • Cvent (CVT) rejected $8 per share takeover offer from Blackstone (BX), Reuters says [read more]
  • Pioneer Natural (PXD) is weighing a takeover of Range Resources (RRC), Bloomberg says [read more]

4. MOVERS:

  • Navitas Semiconductor (NVTS) gains after reporting quarterly results and providing Q1 guidance [read more]
  • Zeta Global (ZETA) and Farfetch (FTCH) rise in New York after reporting quarterly results [read more]
  • Esperion (ESPR) higher after Jefferies upgraded the stock to Buy [read more]
  • Fulcrum Therapeutics (FULC) lower after announcing a clinical hold on FTX-6058 [read more]
  • Nektar (NKTR) declines after reporting reporting Phase 2 data on rezpegaldesleukin in lupus [read more]

5. EARNINGS/GUIDANCE:

  • Beyond Meat (BYND) reported upbeat Q4 results [read more]
  • Cinemark (CNK) reported downbeat Q4 results [read more]
  • MoneyGram (MGI) reported a year-over-year increase in Q4 earnings and revenue [read more]
  • DigitalBridge (DBRG) reported better-than-expected Q4 results [read more]
  • Turning Point Brands (TPB) reported upbeat Q4 earnings and revenue [read more]

INDEXES:

The Dow fell 336.99, or 1.02%, to 32,816.92, the Nasdaq lost 195.46, or 1.69%, to 11,394.94, and the S&P 500 declined 42.28, or 1.05%, to 3,970.04.

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