Dell reports mixed Q4 results, Intel delays Ohio chip factory: Morning Buzz

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

1. STOCK NEWS:

• Dell Technologies (DELL) reported mixed Q4 results and provided guidance for Q1 and FY26
• HP Inc. (HPQ) reported upbeat Q1 earnings and revenue and provided Q2 and FY25 earnings guidance
• Intel (INTC) delayed its Ohio chip factory to 2030 or 2031, Columbus Dispatch says
• Moderna (MRNA) received MHRA marketing authorization in the U.K. for its RSV vaccine
• Monster Beverage (MNST) reported mixed Q4 results

2. WALL STREET CALLS:

• Deutsche Bank (WBA) to Sell from Hold
• Bath & Body Works (BBWI) upgraded to Buy from Neutral at Citi
• Piper Sandler upgraded Cava Group (CAVA) to Overweight from Neutral 
• Wedbush downgraded Dine Brands (DIN) to Neutral from Outperform
• BTIG initiated coverage of Novavax (NVAX) with a Buy rating 

 3. AROUND THE WEB:

• Meta (META) plans to launch a standalone Meta AI app in Q2 and test a paid subscription service for Meta AI, CNBC reports
• Amazon (AMZN) CEO Andy Jassy says a proposed Biden-era rule to curb the export of AI chips to nations like Israel and the UAE could have unintended consequences, Bloomberg says
• Netflix (NFLX) is considering whether to move its headquarters out of Hudson Pacific (HPP) owned group of buildings in Hollywood, Bloomberg reports
• French prosecutors have closed a case filed by the Democratic Republic of Congo accusing Apple (AAPL) subsidiaries in France and Belgium of using conflict minerals in its supply chain, Reuters says
• Tesla (TSLA) is seeking approval to offer ride-hailing services in California, Bloomberg says

4. MOVERS:

• Organogenesis (ORGO) increases after reporting quarterly results and providing guidance for FY25
• Owens & Minor (OMI) higher after reporting Q4 results and announcing a $100M share repurchase plan
• Perrigo (PRGO) gains in New York after providing guidance for FY25 and financial targets for FY25-FY27
• Definitive Healthcare (DH) and DoubleVerify (DV) lower after reporting quarterly results
• Praxis Precision (PRAX) falls after the IDMC recommended the Essential3 study to be stopped for futility

5. EARNINGS/GUIDANCE:

• Six Flags Entertainment (FUN) reported Q4 results, with revenue missing consensus
• Hafnia (HAFN) reported Q4 results, with EPS and revenue lower year-over-year
• Adtran (ADTN) reported preliminary Q4 results, with CEO Tom Stanton commenting, “Market conditions continued to improve during the fourth quarter”
• Integral Ad Science (IAS) reported Q4 results and provided guidance for Q1 and FY25
• Acme United (ACU) reported Q4 results, with CEO Walter Johnsen commenting, “Acme United delivered a strong year in 2024”

INDEXES:

Near midday, the Dow was up 0.59%, or 254.33, to 43,493.83, the Nasdaq was up 0.58%, or 107.17, to 18,651.59, and the S&P 500 was up 0.53%, or 30.92, to 5,892.49.