LXRX News & Events

The major averages were broadly lower near noon as tech stocks continue to decline and as investors continue to analyze earnings, monetary policy news, and macroeconomic data. On the macro side, markets are digesting the implications of the nomination of Kevin Warsh as the next Federal Reserve Chair. Warsh's nomination has lifted the U.S. dollar and pressured commodities like gold and silver, while traders recalibrate expectations for interest rates and policy continuity. At the same time, the upcoming week's heavy slate of earnings and labor market data looms as a catalyst for direction in equities.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:President Trump has nominatedApplereportedand provided Q2 revenue guidanceChevronand Exxon Mobilboth reportedVerizonreportedand authorized a $25B share repurchase programAmerican Expressand Visaboth reported2. WALL STREET CALLS:HSBCPinterestto Hold on softer near-term outlookSanDiskto Outperform at Raymond JamesCodere Onlineto Hold at StifelSpotifyto Buy at CitiSouthwestto Outperform at BMO Capital3. AROUND THE WEB:Alibabaand ByteDance both plan to release flagship AI models around China's mid-February Lunar New Year holiday, including ByteDance's Doubao 2.0, The Information saysAccording to new NHTSA crash data and Tesla'snew disclosure of Robotaxi mileage, Tesla's driverless vehicles are crashing at a much higher rate than human drivers, even with a safety monitor in every vehicle, Electrek reportsGameStopshares have dropped 80% since becoming a meme stock in 2021, but GameStop CEO Ryan Cohen plans to turn the $11B company into a $100B juggernaut, WSJ saysNvidiaassisted China's DeepSeek with refining its AI models that were later used in the Chinese military, Reuters reportsStructure Therapeutics, which his working on next-gen oral obesity medication, has emerged as the next top M&A target for Big Pharma, Axios says4. MOVERS:Robert Halfgains afterand provided guidance for Q1Deckers Outdoorincreases afterand raising its guidance for FY26Critical Metals (CRML) lower in New York afterto fast track the development of its Tanbreez projectLexiconfalls after announcing aPennyMac Financiallower after5. EARNINGS/GUIDANCESoFi Technologiesand provided guidance for Q1 and FY26GCL Globalresults and cut its guidance for FY26Church & Dwight, with CEO Rick Dierker commenting, "we are pleased to deliver another year of industry-leading results"Colgate-Palmolive, with EPS and revenue beating consensusAon plc, with CEO Greg Case commenting, "Our fourth-quarter and full-year results reflect the strong execution of our 3x3 Plan, accelerating our client-centric Aon United strategy"INDEXES:Near midday, the Dow was down 0.84%, or 414.43, to 48,657.13, the Nasdaq was down 0.64%, or 151.85, to 23,533.28, and the S&P 500 was down 0.51%, or 35.80, to 6,933.21.

Jefferies and Piper Sandler acted as joint book running managers for the offering.

Lexicon Pharmaceuticals announced that it has commenced an underwritten public offering to offer and sell, subject to market and other conditions, shares of its common stock. Lexicon currently intends to use the net proceeds that it will receive from the proposed offering (i) to fund the continued research and development of its drug candidates and (ii) for working capital and other general corporate purposes. Jefferies and Piper Sandler are acting as joint book-running managers for the proposed offering.

The major averages were broadly higher in a bounce-back from yesterday's sharp selloff after U.S. President Donald Trump said at the World Economic Forum in Davos that he won't use excessive force to acquire Greenland and that he is seeking immediate talks on the matter. Later in the session, Trump stated in a post on Truth Social that he won't impose planned February 1 tariffs after reaching a framework agreement on Greenland with NATO Secretary General Mark Rutte.Looking to commodities, gold prices pulled back from earlier sharp gains during the session, finishing mostly unchanged. Oil prices were fractionally higher ahead of the API crude numbers set for release this afternoon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Netflixreportedand provided FY26 revenue guidance, but said it will pause share buybacks to help fund its pending Warner Bros.acquisitionJohnson & Johnsonreportedbut provided a somewhat conservative FY26 outlookUnited Airlinesreportedand provided guidance for Q1 and FY26Smithfield FoodsNathan's Famousfor $102 per share in cashPresident Trump said at the World Economic Forum in Davos that he won't use excessive force to acquire Greenland and later said heplanned February 1 tariffs on NATO-linked countries2. WALL STREET CALLS:Okloto Buy at BofA after MetadealBiohavento Outperform at RBC CapitalCitiAbercrombie & Fitchon favorable risk/reward post selloffArmto Positive at Susquehanna following underperformanceCraig-HallumFlutterto Hold on accumulating transitory headwinds3. AROUND THE WEB:Appleis planning to revamp Siri intot its first AI chatbot code-named Campos, Bloomberg reportsEatonis mulling a sale or spinoff of its $5B vehicle unit, Bloomberg saysNvidiaCEO Jensen Huang is planning to travel to China in late January to attend company parties and potentially meet with senior Chinese officials, Bloomberg reportsAccording to Chief Technology Officer, CTO, Andrew Bosworth, Meta'snew AI lab has internally delivered its first AI models, Reuters saysKerrisdale Capital, in a research note, says the firm is short shares of Affirm, a "Buy Now, Pay Later" lender built "on the same subprime playbook that has undone monoline consumer finance companies for decades."4. MOVERS:Progress Softwarehigher afterand providing guidance for Q1 and FY26Lucid Groupincreases after Rockwell Automationannounced it will power the company'sLexicongains after completing the End-of-Phase 2 meeting withOcugenlower after announcing aAST SpaceMobilefalls after Blue Orirgin announced5. EARNINGS/GUIDANCETE Connectivity, with EPS and revenue beating consensusCitizens Financial, with CEO Bruce Van Saun commenting, "We are pleased to report good Q4 and full year results that reflect strong execution of our key growth initiatives"Teledyneand provided guidance for Q1Travelersand provided guidance for FY25, with CEO Alan Schnitzer commenting, "We are pleased to report excellent fourth quarter and full year results"Dananarrowed itsand provided its outlook for FY26INDEXES:The Dow rose 588.64, or 1.21%, to 49,077.23, the Nasdaq gained 270.50, or 1.18%, to 23,224.82, and the S&P 500 advanced 78.76, or 1.16%, to 6,875.62.