Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS:
Apple (AAPL) reported upbeat Q1 results, with CEO Tim Cook calling it the company’s “best quarter ever”
Chevron (CVX) reported downbeat Q4 earnings while Exxon Mobil (XOM) reported upbeat Q4 earnings per share
Intel (INTC) reported upbeat Q4 results but provided a lower-than-expected outlook for Q1
Vertex Pharmaceuticals’ (VRTX) non-opioid Journavx was approved for pain treatment by the FDA
White House Press Secretary Karoline Leavitt said that tariffs on goods from Canada, Mexico, and China are set to begin February 1, Bloomberg reports
2. WALL STREET CALLS:
Hershey (HSY) downgraded to Underweight from Neutral at Piper Sandler
BofA downgraded Comcast (CMCSA) to Neutral from Buy
MoffettNathanson upgraded Electronic Arts (EA) to Buy from Neutral
RMD (RMD) upgraded to Buy from Neutral at UBS
Baird initiated coverage of Zillow Group (ZG) with a Neutral rating
3. AROUND THE WEB:
Apple (AAPL) shuttered a project to build Mac-connected AR glasses, Bloomberg says
Meta (META) is in discussions to reincorporate in Texas or another state, WSJ reports
U.S. officials are investigating whether China’s DeepSeek purchased advanced Nvidia (NVDA) semiconductors through third parties in Singapore, Bloomberg reports
Costco (COST) will increase the pay for most of its hourly U.S. store workers to over $30, Reuters says
Honda (HMC) and Nissan (NSANY) will delay the unveiling of their merger plan until mid-February, Kyodo News reports
4. MOVERS:
Cipher Mining (CIFR) gains after announcing a $50M investment from SoftBank (SFTBY)
Viavi (VIAV) increases after reporting quarterly results and providing guidance for Q3
AST SpaceMobile (ASTS) higher after announcing the FCC granted the company Special Temporary Authority authorizing testing service in the U.S.
Walgreens (WBA) falls after suspending its quarterly dividend and announcing plans to evaluate all options to maximize its equity value
JetBlue (JBLU) lower after United Airlines (UAL) said it is not in talks with any airline over a potential merger
5. EARNINGS/GUIDANCE:
Visa (V) reported better-than-expected Q1 earnings and revenue, with payments volume up 9%
AbbVie (ABBV) reported Q4 results, with EPS missing consensus
Colgate-Palmolive (CL) reported Q4 results and provided guidance for FY25
Church & Dwight (CHD) reported Q4 results, with EPS in-line with consensus
RBC Bearings (RBC) reported Q3 results, with CEO Michael Hartnett commenting, “RBC delivered another quarter of strong operational performance”
INDEXES:The Dow fell 337.47, or 0.75%, to 44,544.66, the Nasdaq lost 54.31, or 0.28%, to 19,627.44, and the S&P 500 declined 30.64, or 0.50%, to 6,040.53.More By This Author:Wall Street’s Top 10 Stock Calls This Week – Saturday, Feb. 1
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