Stock Market Update: Companies in the News
Netflix (NFLX)
Netflix saw a 1% increase in its stock price following an upgrade to buy from neutral by Seaport. The company is gearing up for its upcoming earnings report.
UnitedHealth Group (UNH)
UnitedHealth Group’s stock dropped over 4% after the company’s fourth-quarter revenue fell short of analysts’ expectations. While they exceeded earnings estimates, the revenue miss caused a dip in the stock price.
DigitalOcean Holdings (DOCN)
Morgan Stanley upgraded DigitalOcean Holdings to overweight, leading to a 3% increase in the company’s shares. The firm believes that the stock undervalues the company’s potential to cater to larger clients and AI opportunities.
Morgan Stanley (MS)
Morgan Stanley’s stock price surged nearly 3% as their fourth-quarter results surpassed Wall Street estimates. The firm reported strong investment banking gains and better-than-expected earnings.
First Solar (FSLR)
First Solar’s stock soared almost 4% after being upgraded to buy by Seaport. The company is recognized as a top player in the solar sector with a promising risk-reward profile.
Target (TGT)
Target’s stock slipped 2% despite raising its fourth-quarter guidance for comparable sales. The lack of a profit outlook increase may have impacted investor sentiment.
Sezzle (SZL)
Sezzle’s shares jumped 8% after the company revised its full-year revenue forecast upwards, expecting significant growth compared to previous estimates.
Southwest Airlines (LUV)
Following a downgrade to sell from neutral by Citi, Southwest Airlines saw a 4% decline in its stock price. Concerns over earnings quality contributed to the downgrade.
Blue Owl Capital (OWL)
Blue Owl Capital’s shares rose 3.5% after receiving an upgrade to buy from hold by TD Cowen ahead of its investor day in February.
Taiwan Semiconductor Manufacturing (TSM)
The chipmaker’s stock gained about 5% after reporting higher-than-expected revenue guidance for the current quarter, surpassing analyst estimates.
U.S. Bancorp (USB)
U.S. Bancorp’s shares fell 5.6% despite posting mixed fourth-quarter results. While earnings beat estimates, the bank’s net interest margin fell short of expectations.
Contributors: Alex Harring, Lisa Han, Sean Conlon, and Michelle Fox.