Tesla reports below-consensus deliveries: Morning Buzz

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

1. STOCK NEWS:

• Tesla (TSLA) reported below-consensus deliveries for Q4 a day after a Cybertruck exploded outside the Trump Las Vegas hotel
• The CPSC announced an agreement with Apple (AAPL) for enhanced AirTags warnings
• Alibaba (BABA) will sell its stake in Sun Art Retail to DCP for $1.6B
• Sphere Entertainment’s (SPHR) MSG Networks said that Altice USA (ATUS) has dropped MSG Networks from its Optimum channel lineup in the tri-state area
• Constellation Energy (CEG) was awarded more than $1B in combined contracts by the U.S. General Services Administration to supply power to over 13 government agencies

2. WALL STREET CALLS:

• Alphabet (GOOGL) downgraded at JMP Securities, here’s why
• Cloudflare (NET) double upgraded to Buy from Sell at Goldman Sachs
• Topgolf Callaway (MODG) jumps following upgrade from Jefferies
• Biogen (BIIB) downgraded to Neutral from Overweight at Piper Sandler
• SoFi (SOFI) downgraded to Underperform from Market Perform at Keefe Bruyette

3. AROUND THE WEB:

• Bear Cave issued a cautious report on “problems” at Sezzle (SEZL) 
• Nvidia (NVDA) invested $1B in AI companies in 2024, FT says
• Citi (C) and Bank of America (BAC) decided to exit the Net-Zero Banking Alliance, FT reports
• Nippon Steel (NPSCY) proposed giving the U.S. government a veto over any reduction in U.S. Steel’s (X) production capacity in a final bid for President Biden’s approval to acquire the company, Washington Post reports
• Hindenburg released a short report on Carvana (CVNA)

4. MOVERS:

• Sealsq (LAES) higher in New York after announcing it expects 2025 to be a “landmark year” for the company
• Kosmos (KOS) gains after noting BP (BP) announced the first gas production at the Greater Tortue Ahmeyim LNG project
• Bitfarms (BITF) increases in New York after releasing its December production report
• Neumora (NMRA) falls after announcing its Phase 3 KOASTAL-1 study of navacaprant missed its primary endpoint
• Realty Income (O) declines after Jefferies lowered its price target on the stock to $64 from $68

5. EARNINGS/GUIDANCE:

• H.B. Fuller (FUL) cut its guidance for FY24
• Expion360 (XPON) reported preliminary Q4 results
• MingZhu Logistics (YGMZ) reported 1H revenue, which was lower year-over-year
• Albertsons (ACI) will report Q3 results on January 8
• Cal-Maine Foods (CALM) will report Q2 results on January 7

INDEXES:

Near midday, the Dow was up 0.12%, or 50.47, to 42,594.69, the Nasdaq was up 0.48%, or 92.72, to 19,403.52, and the S&P 500 was up 0.34%, or 20.21, to 5,901.84.