What You Missed On Wall Street On Thursday

black and white street sign

Photo by lo lo on Unsplash
 

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

1. Stock News:

  • IntercontinentalExchange (ICE) said it will "vigorously oppose" the FTC's attempt to block its deal with Black Knight (BKI) [more]
  • General Motors (GM) announced a voluntary separation program [more]
  • General Electric (GE) reiterated its FY23 outlook and gave other guidance as part of its investor conference presentation [more]
  • MongoDB (MDB) reported upbeat Q4 results but provided lower-than-expected revenue guidance for Q1 and FY24 [more]
  • Silvergate (SI) plans to wind down operations and voluntarily liquidate Silvergate Bank [more]
     

2. Wall Street Calls:

  • Etsy (ETSY) double downgraded to Underperform from Buy at Jefferies [more]
  • Exact Sciences (EXAS) upgraded to Buy from Neutral at Citi [more]
  • Benchmark downgraded Trade Desk (TTD) to Sell, says shares "priced to perfection" [more]
  • Hyatt (H) downgraded to Equal Weight from Overweight at Barclays [more]
  • Freightos (CRGO) initiated with a Buy at Craig-Hallum [more]
     

3. Around The Web:

  • Uber (UBER) is weighing a possible spinoff of its freight logistics unit, Bloomberg reports [more]
  • Some employees are selling Baidu (BIDU) stock ahead of its ChatGPT equivalent launch, WSJ reports [more]
  • Credit Suisse (CS) delays publication of annual report after SEC call, Reuters reports [more]
  • Apple (AAPL) is reorganizing its management to make India its own region, Bloomberg says [more]
  • Warner Bros. (WBD) has delayed the release of "Suicide Squad: Kill the Justice League" again, Bloomberg says [more]
     

4. Movers:

  • Solo Brands (DTC) and FuelCell Energy (FCEL) rise after reporting quarterly results [more]
  • Phillips 66 (PSX) advances after UBS initiated coverage of the stock with a Buy rating [more]
  • MacroGenics (MGNX) higher after announcing the sale of its TZIELD royalty interest for up to $200M [more]
  • SVB Financial (SIVB) lower after the company announced it was undertaking a strategic repositioning of its balance sheet and also provided a negative update to both Q1 and full year 2023 guidance [more]
  • Arhaus (ARHS) falls after reporting quarterly results [more]
     

5. Earnings/Guidance:

  • Asana (ASAN) reported upbeat Q4 results [more]
  • LoanDepot (LDI) reported downbeat Q4 results [more]
  • BJ's Wholesale (BJ) reported upbeat Q4 earnings and revenue [more]
  • Holley (HLLY) reported lower-than-expected Q4 results [more]
  • JD.com (JD) reported upbeat Q4 results [more]
     

Indexes:

The Dow fell 543.54, or 1.66%, to 32,254.86, the Nasdaq lost 237.65, or 2.05%, to 11,338.35, and the S&P 500 declined 73.69, or 1.85%, to 3,918.32.


More By This Author:

Buy/Sell: Wall Street's Top 10 Stock Calls This Week - Saturday, March 4
Buy/Sell: Wall Street's Top 10 Stock Calls This Week - Saturday, Feb. 25
Here's What Wall Street Is Saying About Nvidia Ahead Of Earnings

Disclosure: None

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.