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Wall Street ends higher, notches weekly gains as Fed meeting looms
By Stephen Culp NEW YORK (Reuters) - Wall Street advanced on Friday, marking the end of an rocky week in which economic data and corporate earnings guidance hinted at softening demand but also economic... More
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- Northrop Grumman's (NOC) B-21 uncertainty "may cap valuation upside" - Cowen
- Analysts positive on Visa (V) shares post earnings
- Hasbro cuts 15% of workforce, warns for Q4 on weak consumer business
- Musk meets with top Biden officials to discuss EV and energy goals
- U.S. consumer spending ends 2022 on weaker footing; inflation slowing
- Morgan Stanley Bullish as Tesla (TSLA) ushers in the 'Great EV Deflation'
- Strong U.S. jobs data suggests no fed pause, and Japan sees wage inflation - BofA
- Bed Bath & Beyond (BBBY) struggling to find a buyer - Bloomberg
- Adani Group shares slide further as Hindenburg row heats up
- Former treasury secretary Summers says Fed should not signal its next move - BBG
- Pet Products Company Chewy (CHWY) Fetches 'Outperform' Rating as Wedbush Sees Growth
- Dollar clings to gains after U.S. data; traders eye Fed next week
- Colgate-Palmolive (CL) tops Q4 consensus expectations
- Oil prices settle lower on stronger supply outlook
- Weak observability checks push Datadog (DDOG) to neutral at BTIG
- Stifel favors Electronic Arts (EA) in the interim, cautiously optimistic on EA Sports FC
- Silvergate Capital (SI) suspends series A preferred stock dividend - Wedbush surprised
- American Express (AXP) sees gains on better-than-expected 2023 outlook
- Semiconductor market in the middle of fundamental bottoming process - Piper Sandler
- Iovance Biotherapeutics (IOVA) now in a position to finally realize lifileucel's opportunity - Piper Sandler
- Near-term risk sidelines UBS on Polaris (PII)
- Bernstein upgrades McCormick (MKC) to Outperform; '2023 should be much more tasty'
- Craig Hallum and BofA positive on BuzzFeed's (BZFD) ChatGPT adoption
- Chevron edges lower after 4Q profit miss ends buyback-driven rally
- Take-Two (TTWO) to outperform as Moffett Nathanson anticipates new product cycle
- McDonald's (MCD) defensive and growth momentum can still work argues UBS
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Intel pares losses but sheds $9 billion in value on dire outlook, dividend concerns
(Updated - January 27, 2023 12:14 PM EST) Intel (NASDAQ: INTC) has paired losses but remains down 7% mid-day Friday after the chipmaker's dire results and abysmal guidance late... More
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Analysts rush to cut Intel (INTC) price targets following weaker than expected Q1 guidance
Intel's (NASDAQ: INTC) latest earnings report, in which it missed earnings, revenue, and guidance expectations, has pushed a number of Wall Street analysts to cut price targets on the... More
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Meta (META): Apple's privacy policy change 'no longer a drag on earnings', now a tailwind YoY - WSJ
Meta Platforms (NASDAQ: META) is finally "starting to see a path to recovery" from the advertising revenue slump the company has been battling since Apple's (NASDAQ:... More
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Lucid Group (LCID) doubles on Saudi rumors
Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) nearly doubled intra-day Friday on rumors reported at Betaville that Saudi Arabia's Public Investment Fund is working on... More
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Visa adds to gains as cross border travel recovery buoys shares
(Updated - January 27, 2023 12:45 PM EST) Visa (NYSE: V) added to early gains mid-day Friday following its better-than-expected first-quarter results and relatively unchanged guidance after the close. Analysts were... More
Monday, January 30, 2023 12:41 AM EST
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- 12:19 AM DLF Ltd. (DLFU:IN) PT Raised to INR435 at Jefferies
- 12:18 AM Kajaria Ceramics Ltd (KJC:IN) PT Raised to INR1,410 at Jefferies
- 12:09 AM Bajaj Finance Ltd. (BAF:IN) PT Lowered to INR6,113 at Goldman Sachs
- 12:01 AM Enterprise Decision Makers Recognize Data isn’t Trusted When Making Decisions In Their Organization
- 12:01 AM Enterprise Decision Makers Recognize Data isn’t Trusted When Making Decisions In Their Organization
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13Fs
- Clarivate (CLVT) gains on new Elliott stake, but change is already taking place
- Clarivate (CLVT) Gains on Elliott Stake
- David Einhorn's Greenlight Capital re-adds Intel, builds up energy positions
Accesswire
- Snow Lake Lithium Chairman Provides Update on Thompson Brothers Lithium Project Fast Track Growth Strategy
- NextPlat Announces 2023 Annual Meeting to be Held on Wednesday, May 31, 2023
- CO2 GRO Inc. Grants Restricted Share Units
Analyst Comments
- Former treasury secretary Summers says Fed should not signal its next move - BBG
- Stifel favors Electronic Arts (EA) in the interim, cautiously optimistic on EA Sports FC
- Visa adds to gains as cross border travel recovery buoys shares
Analyst PT Change
- Semiconductor market in the middle of fundamental bottoming process - Piper Sandler
- Iovance Biotherapeutics (IOVA) now in a position to finally realize lifileucel's opportunity - Piper Sandler
- Eastern Bankshares Inc. (EBC) PT Lowered to $19 at Piper Sandler
Board Changes
- MINISO Group (MNSO) Announces CFO Resignation
- Nogin (NOGN) Appoints Jonathan Huberman as CEO and Chairman
- Aehr Test Systems (AEHR) Announces Resignation of Mario M. Rosati from Board
Business Wire
- ORPEA: Resumption of Discussions Between the Company, a Group of French Third-Party Investors Led by the Caisse des Depots et Consignations and a Group of Unsecured Financial Creditors
- Xpeng Appoints Fengying Wang as President
- Alipay and AlipayHK Cross-Border Transactions Rebound During Chinese New Year as Travels Resume
Commodities
- Baker Hughes Total U.S. Rig Count 771: Oil Rig Count Down 4 to 609, Gas Rig Count Up 4 to 160
- Oil prices fall on profit taking, strong Russian supply
- Natural gas ends down just 2% after 8% plunge earlier
Corporate News
- Newtek Business Services (NEWT) Files $500M Mixed Shelf
- Sacks Parente Golf (SPGC) Announces 4.44M Share IPO at $4-$5/sh
- Purple Innovation (PRPL) Files $90M Mixed Shelf
Cryptocurrency
- U.S. Federal Reserve rejects crypto-focused bank's application to be supervised by central bank
- Robinhood (HOOD) twitter hacked, used to pump token - Report
- Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes
Dividends
- Howmet Aerospace (HWM) Declares $0.04 Quarterly Dividend; 0.4% Yield
- Select Energy Services, Inc. (WTTR) Declares $0.05 Quarterly Dividend; 2.4% Yield
- Taitron Components (TAIT) Declares $0.05 Quarterly Dividend; 5.2% Yield
Downgrades
- Weak observability checks push Datadog (DDOG) to neutral at BTIG
- OTR Global Downgrades Ralph Lauren (RL) to Mixed
- UBS Downgrades Confluent Inc (CFLT) to Neutral
Earnings
- Semiconductor market in the middle of fundamental bottoming process - Piper Sandler
- Intel pares losses but sheds $9 billion in value on dire outlook, dividend concerns
- Analysts positive on Visa (V) shares post earnings
Economic Data
- Kansas City Fed Services Activity -11 vs -5 Prior
- U.S. consumer moods brighten to kick of 2023, inflation views down
- U.S. pending home sales post first gain in seven months in December
Equity Offerings
- Newtek Business Services (NEWT) Files $500M Mixed Shelf
- Purple Innovation (PRPL) Files $90M Mixed Shelf
- CN Energy Group (CNEY) Announces Proposed Share Offering
FDA
- Biogen (BIIB) Announces Lecanemab Receives Priority Review Status in Japan
- Evolus (EOLS) Reports "Extra-Strength" Formulation of Jeuveau Demonstrates Effects Lasting 26 Weeks in Interim Phase II Data
- Eli Lilly & Co. (LLY) Announces FDA Approval of Jaypirca for Adult Patients with Relapsed or Refractory Mantle Cell Lymphoma After at Least Two Lines of Systemic Therapy
Fed
- Former treasury secretary Summers says Fed should not signal its next move - BBG
- U.S. Federal Reserve rejects crypto-focused bank's application to be supervised by the Fed
- Fed seen ending rate hikes by March as inflation slows
Globe Newswire
- Enterprise Decision Makers Recognize Data isn’t Trusted When Making Decisions In Their Organization
- Sorrento Issues “FAQ” Regarding the Dividend of Scilex Holding Company Common Stock
- Scilex Holding Company Announces that its Majority Stockholder, Sorrento Therapeutics, Inc., has Issued an “FAQ” Regarding the Dividend of Scilex Holding Company Common Stock
Guidance
- Snow Lake Resources (LITM) Chairman Provides Update on Thompson Brothers Lithium Project Fast Track Growth Strategy
- Sleep Number Corporation (SNBR) Announces CFO Resignation, Prelim. FY22 Results Miss Consensus
- Gentex Corporation (GNTX) Misses Q4 EPS by 2c, Offers Guidance
Hedge Funds
- Salesforce (CRM) names three new independent directors amidst pressure from activist investors
- Salesforce appoints new board directors amid activist investor pressure
- Salesforce (CRM) Announces Appointment of Three New Independent Directors, Including ValueAct's Mason Morfit
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Sacks Parente Golf (SPGC) Announces 4.44M Share IPO at $4-$5/sh
- Intensity Therapeutics (INTS) Announces Downsized 1.78M Share IPO at $4.50/sh
- Brera Holdings (BREA) Prices 1.5M Share IPO at $5/sh, Middle of $4-$6 Range
Market Check
- S&P 500 Tests High, Up 0.4%, Nasdaq UP 0.9%, Dow Up 0.3%
- S&P 500 Erases Gain, Down 0.1%
- S&P 500 Climbs 0.1%, Nasdaq Up 0.25%, Dow Up 0.2%
Mergers and Acquisitions
- Goal Acquisitions Corp (PUCK) Issues Letter to Shareholders Regarding Proposed Combination with Digital Virgo
- Bed Bath & Beyond (BBBY) struggling to find a buyer - Bloomberg
- Warren says FTC should oppose Aerojet Rocketdyne (AJRD)/L3Harris Technologies (LHX) merger - Bloomberg
New Coverage
- Citi Starts Bill.com Holdings Inc. (BILL) at Buy
- Piper Sandler Starts Prothena Corp (PRTA) at Overweight
- Raymond James Starts Alerus Financial Corp. (ALRS) at Market Perform
Newsfile
- Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt
- TrustBIX Inc. Announces Final Exchange Acceptance and Completion of Previously Announced Convertible Debenture Financing
- Grande Portage Resources Releases Results from 2022 Herbert Gold Project in S.E. Alaska
Press Releases
- Xpeng Appoints Fengying Wang as President
- ORPEA: Resumption of Discussions Between the Company, a Group of French Third-Party Investors Led by the Caisse des Depots et Consignations and a Group of Unsecured Financial Creditors
- Enterprise Decision Makers Recognize Data isn’t Trusted When Making Decisions In Their Organization
Private Company News
- Elon Musk's SpaceX to raise $750 million at a $137 billion valuation - report
- Bloomberg interested in buying Dow Jones or Washington Post - Axios
- Elon Musk to resign as Twitter CEO as soon as replacement is found
PRNewswire
- BOOK TODAY: SOUTHWEST AIRLINES ADDS MORE FLIGHTS FOR THE BIG GAME
- BioArctic: Lecanemab receives priority review status in Japan
- POWERCHINA-built Ivirizu Sehuencas Hydropower Station Earns Good Reputation
Reuters
- U.S. SEC probes Elon Musk's role in Tesla self-driving claims - Bloomberg News
- Brazil's government eyes compensation deal for 2015 Vale-BHP dam burst
- EV maker Lucid surges on report Saudi PIF to buy remaining stake
SEC Filings
- Form 4 CF BANKSHARES INC. For: May 25 Filed by: Rana Sundeep
- Form 4 Sharecare, Inc. For: Jan 25 Filed by: Daniel Colin
- Form 4 Sharecare, Inc. For: Jan 25 Filed by: Ferrero Justin
SPAC
- Goal Acquisitions Corp (PUCK) Issues Letter to Shareholders Regarding Proposed Combination with Digital Virgo
- Yotta Acquisition (YOTAU) Extends Deadline to Complete Business Combination
- Longevity Biomedical to Go Public via Merger with Denali Capital Acquisition Corp (DECA)
