What You Missed On Wall Street On Thursday

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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]


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

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