Apple Unveils iPhone 16e, Arista Reports Q4 Beat: Morning Buzz

Apple Unveils iPhone 16e, Arista Reports Q4 Beat: Morning Buzz

Catch up on today’s top market news with our comprehensive Morning Buzz update. From product launches to Wall Street calls and movers, we’ve rounded up the latest developments that are moving stocks.

1. STOCK NEWS

Apple (AAPL):
The tech giant has announced its latest innovation—the iPhone 16e—set to hit the shelves on February 28.

Arista Networks (ANET):
Arista reported better-than-expected Q4 earnings and provided upbeat revenue guidance for Q1, reinforcing its strong market position.

Howard Hughes (HHH):
The company confirmed receipt of an unsolicited takeover proposal from Pershing Square, stirring speculation among investors.

Analog Devices (ADI):
The firm delivered impressive Q1 results, raised its quarterly dividend by 8%, and increased its share repurchase authorization by $10B.

Shift4 (FOUR):
The payment technology company is set for a cash deal at $7.50 per share, adding another dynamic to the market landscape.

2. WALL STREET CALLS

Capital One (COF):
Bank of America upgraded Capital One to Buy, citing its strong positioning ahead of the upcoming Discover acquisition.

Glaukos (GKOS):
Mizuho raised its rating to Outperform, reflecting growing optimism around the company's prospects.

Workday (WDAY):
Morgan Stanley downgraded Workday to Equal Weight, indicating cautious sentiment amid market fluctuations.

Baidu (BIDU):
Nomura shifted its outlook on Baidu to Neutral as part of a broader reevaluation of tech stocks.

Electronic Arts (EA) & Take-Two (TTWO):
DA Davidson initiated coverage with a Neutral rating for EA and a Buy recommendation for Take-Two, underscoring the competitive landscape in gaming.

3. AROUND THE WEB

KKR & Thames Water:
Bloomberg reports that KKR has offered to inject $5B into Thames Water to secure a majority stake.

Google’s European Division:
Reuters notes that Milan prosecutors plan to drop a case against Google’s European branch following a $340M tax settlement.

Airbnb vs. New Orleans:
AP News reveals that Airbnb is suing the City of New Orleans over compliance issues related to short-term rentals.

National Health Investors (NHI):
According to WSJ, Land & Buildings Investment Management is launching a proxy fight to oust two board members.

BP’s Castrol Unit:
Bloomberg suggests BP is weighing a potential sale of its Castrol-branded lubricants unit, valued at roughly $10B.

4. MOVERS

Hims & Hers (HIMS):
The stock gains momentum following its acquisition of an at-home lab testing facility.

ImmunityBio (IBRX):
Up on news that the FDA has authorized the company to supply rBCG to urologists amid shortages.

Compass (COMP):
The stock is on the rise after posting strong Q4 results and providing optimistic guidance for Q1 and FY25.

Cinemark (CNK) & Global-e Online (GLBE):
Both stocks are down after reporting quarterly results that missed expectations.

Celanese (CE):
Celanese’s shares slipped following its Q4 report, despite beating EPS and revenue estimates.

5. EARNINGS & GUIDANCE

Etsy (ETSY):
The company reported Q4 earnings with EPS beating consensus estimates.

Solar Edge (SEDG):
Q4 results were positive, with CEO Shuki Nir stating, “We are just getting started on our turnaround story.”

WingStop (WING):
WingStop delivered Q4 results and offered guidance for FY25.

Bumble (BMBL):
The stock reported Q4 earnings along with Q1 guidance, keeping investor interest high.

Capri Holdings (CPRI):
Provided updated guidance for FY25 and FY26, highlighting its strategic outlook.

6. INDEXES

As of near midday trading:

Dow Jones: Down 0.22% (–99.90 points) at 44,456.44
Nasdaq Composite: Down 0.08% (–15.03 points) at 20,026.23
S&P 500: Up 0.04% (+2.16 points) at 6,131.74

Stay tuned to The Horizons Times for more real-time updates and in-depth analysis on the latest market trends and investment opportunities.