Restaurant Brands agreed to acquire Carrols Restaurant for $1 billion. Goldman Sachs and Morgan Stanley reported better-than-expected quarterly results. Tesla chief Elon Musk sought larger voting control in the electric vehicle marker.

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JP Morgan Chase, Bank of America, and Citigroup reported better-than-expected revenue, but one-time charges linked to the regional bank crisis of last year negatively impacted earnings. Delta Air Lines earnings soared, but the carrier offered a muted growth outlook in the current year.

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Bitcoin-linked stocks were in focus after the SEC approved the launch of ETFs investing in the cryptocurrency. KB Home reported a decline in quarterly sales, average home price, and order backlog.

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Juniper Networks agreed to be acquired by Hewlett-Packard Enterprise in an all-cash deal. WD-40 Company reported better-than-expected quarterly results. Lennar hiked its annual dividend and expanded its stock buyback plan.

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Hewlett-Packard Enterprise is in advanced talks to acquire Juniper Networks. Microchip Technology said sales declines in the current quarter are likely to be deeper than previously expected.

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Alaska Air canceled more than 200 flights after the FAA ordered the temporary grounding of Boeing Max 737-9 planes. Boeing and Spirit AeroSystems were in focus after a part of the fuselage blew off midair during an Alaska Air flight on Friday.

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Cal-Maine Foods revenue fell sharply after the average price for eggs plunged from a year ago. Walgreens reported better-than-expected quarterly results. Ford Motor Company lifted prices on some electric F-150 models.

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PGT Innovations received a higher takeover offer after the company agreed to merge with Masonite International. Cryptocurrency-linked stocks declined after Bitcoin dropped more than 5%.

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U.S. Movers: Alphabet, Fisker, Nvidia

Dec 29, 2023
Scott Peters
Fisker, the luxury electric vehicle maker, said deliveries soared in the fourth quarter from the previous quarter on solid demand for SUVs. Alphabet's Google agreed to settle a $5 billion lawsuit for tracking users browsing in private mode.

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Micron Technology offered better-than-expected current quarter sales outlook. CarMax reported stronger-than-expected quarterly results. Boeing inched closer to resuming plane deliveries to China.

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Toro Company estimated higher-than-expected full-year sales and earnings. FedEx's annual sales outlook disappointed investors. General Mills estimated weak annual growth in volume.

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Alphabet's Google settled an antitrust case with the U.S. states and consumers. Nikola founder was sentenced to four years in prison. Accenture reported better-than-expected quarterly earnings but estimated a muted sales growth outlook.

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U.S. Steel accepted a merger proposal from Nippon Steel. Teamster Union members voted to authorize a strike at Anheuser-Busch plants across the U.S. in the event wage negotiations fail. Illumina said it plans to divest its interest in Grail after losing a court appeal in the U.S.

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Scholastic lowered its full-year revenue growth outlook. Quanex Building Products did not provide a full-year fiscal 2024 outlook, citing macroeconomic uncertainties.

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Solar stocks advanced after the Fed's signaled multiple rate cuts over the next two years. Merck and Moderna released a positive update for their experimental skin cancer vaccine. Adobe reported solid quarterly results but offered a muted 2024 outlook.

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