Top Five News Stories

1. Coca-Cola (KO) reported upbeat Q4 results and provided FY24 organic revenue growth guidance.
2. Carl Icahn has reported a 9.91% activist stake in JetBlue (JBLU) and has held talks about board seats.
3. Liberty TripAdvisor (LTRPA) has authorized talks regarding a potential deal for TripAdvisor (TRIP).
4. Shopify (SHOP) reported better-than-expected Q4 earnings and revenue, with GMV up 23% year-over-year.
5. AutoNation (AN) reported upbeat Q4 results.

Top Five Wall Street Calls

1. GSK (GSK) was upgraded at Citi to Buy.
2. United Airlines (UAL) downgraded to Neutral from Buy at Redburn Atlantic.
3. Children's Place (PLCE) downgraded to Sell at B. Riley.
4. PayPal (PYPL) downgraded to Neutral from Outperform at Daiwa.
5. Benchmark initiated coverage of Block (SQ) with a Buy rating and $89 price target.

Around The Web

1. Paramount (PARA) is cutting hundreds of jobs, NY Times reports.
2. Some of Spirit Airlines' (SAVE) pilots have begun looking into other opportunities after a U.S. judge blocked the proposed merger with JetBlue Airways (JBLU), Reuters says.
3. Express (EXPR) is preparing for a debt restructuring that could include filing for bankruptcy within weeks, WSJ says.
4. A Dutch court has ordered the government of the Netherlands to stop the delivery of parts for Lockheed Martin (LMT) F-35 aircraft used by Israel in its bombardment of Gaza, Al-Jazeera reports.
5. Microsoft (MSFT) is preparing to launch a select number of Xbox exclusive video games on PlayStation 5 (SONY) and Nintendo Switch (NTDOY), Verge reports.

Movers

1. LianBio (LIAN) higher after deciding to initiate the wind down of its operations, including the sale of its remaining pipeline assets.
2. ZoomInfo (ZI) increases after reporting quarterly results.
3. Goodyear Tire (GT) lower after reporting Q4 results and providing guidance for Q1 and FY24.
4. SSR Mining (SSRM) falls after providing multi-year production guidance and suspending operations at its Copler mine.
5. Teradata (TDC) declines after announcing quarterly results.

Earnings/Guidance

1. Hasbro (HAS) reported Q4 results and provided guidance for FY24.
2. Arista Networks (ANET) reported Q4 results, with EPS and revenue beating consensus.
3. Lattice Semiconductor (LSCC) reported Q4 results, with CEO Jim Anderson commenting, "Despite near-term cyclical industry headwinds, we continue to be well positioned for the long-term".
4. GlobalFoundries (GFS) reported Q4 results and provided guidance for Q1.
5. Biogen (BIIB) reported Q4 results, with CEO Christopher Viehbacher commenting, "2023 was a year of transformation".