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

1. STOCK NEWS:

FIS (FIS) announced plans to spin off its Merchant Solutions business while also reporting earnings and giving guidance [read more]
Twilio (TWLO) announced a 17% workforce reduction and named Aidan Viggiano CFO [read more]
Monday.com (MNDY) reported upbeat Q4 results [read more]
Teradata (TDC) reported better-than-expected Q4 earnings and revenue [read more]
Rocket Companies (RKT) announced the retirement of CEO Jay Farner [read more]

2. WALL STREET CALLS:

Baird downgraded Caterpillar (CAT) to Neutral from Outperform [read more]
BofA double upgraded Fastly (FSLY) to Buy from Underperform [read more]
Roth MKM upgraded Five Below (FIVE) to Buy from Neutral [read more]
BofA initiated coverage of Okta (OKTA) with an Underperform rating [read more]
Evercore ISI upgraded Zillow Group (ZG) to Outperform from In Line [read more]

3. AROUND THE WEB:

Meta (META) delays setting team budgets as the company plans new layoffs, FT reports [read more]
Qatari investors are preparing an imminent bid for Manchester United (MANU), Bloomberg reports [read more]
SoftBank's (SFTBY) Arm China lays off workers amid challenging outlook, Reuters reports [read more]
Deutsche Bank (DB) probe finds staff knowingly mis-sold derivatives, Bloomberg says [read more]
Goldman Sachs (GS) CEO David Solomon said that job cuts should have been earlier, FT says [read more]

4. MOVERS:

Ocular Therapeutix (OCUL) gains after announcing interim 10-month data from Phase 1 OTX-TKI trial [read more]
Gaotu Techedu (GOTU) increases in New York after CLSA upgraded the stock [read more]
G1 Therapeutics (GTHX) declines after announcing it will discontinue its Phase 3 PRESERVE 1 trial [read more]
ZIM Integrated Shipping Services (ZIM) falls in New York after Barclays downgraded the stock to Underweight [read more]
Hut 8 Mining (HUT) lower in New York after announcing it mined 188 Bitcoin in January [read more]

5. EARNINGS/GUIDANCE:

TreeHouse (THS) reported upbeat Q4 earnings [read more]
Check Point (CHKP) reported better-than-expected Q4 results [read more]
Sotera Health (SHC) reaffirmed its 2022 revenue guidance [read more]
IAA (IAA) reported downbeat preliminary Q4 revenue [read more]
Ritchie Bros. (RBA) provided upbeat Q4 revenue guidance [read more]

INDEXES:

Near midday, the Dow was up 303.06, or 0.89%, to 34,172.33, the Nasdaq was up 169.09, or 1.44%, to 11,887.21, and the S&P 500 was up 39.81, or 0.97%, to 4,130.27.