Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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$AAPL $META $NFLX $TBI $DRI

• Apple (AAPL) - Shares were down 1% following earnings from Apple's top supplier, Foxconn. Foxconn reported in-line quarterly results but said its next-quarter performance will be roughly inline on a year-over-year basis.
• Meta Platforms (META) - The company announced it will reduce its headcount by another 10,000 jobs, a theme which has been playing out at Meta since November of last year. While Meta shares moved lower amid the news, analysts who cover Meta were generally favorable on the news.
• Netflix (NFLX) - Analysts at Oppenheimer Wednesday morning said a recent pullback in Netflix shares creates a buying opportunity for investors. The firm's analysts noted Netflix shares have fallen more than 20% since the stock's recent high following Q4 earnings.
• TrueBlue (TBI) - A provider of staffing and human capital services. In addition to the layoff news out of Meta, another major tech powerhouse, Apple, on Tuesday said it would expand a hiring freeze to include more roles. (note: other staffing stocks: KELYA, HQI, RCRT, RHI, NSP, ALIT, MAN)
• Darden Restaurants (DRI) - A top 2023 pick by analysts at Oppenheimer. Despite recent concerns with the jobs market and the banking industry, Oppenheimer analysts issued a research note Wednesday morning which showed conviction in the firm's bullish call on this restaurant company. Darden is the owner of Olive Garden, Bahama Breeze, Capital Grille and Longhorn Steakhouse.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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