Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.
1. STOCK NEWS:
- Fastly (FSLY) confirmed an outage earlier that affected its CDN services [more]
- Stitch Fix (SFIX) reported upbeat quarterly earnings and raised its fiscal 2021 revenue guidance [more]
- Tesla's (TSLA) China deliveries rose by 29% in May, according to Bloomberg [more]
- Shares of Clover Health (CLOV) and Wendy's (WEN) jumped as WallStreetBets warned of a short squeeze [more]
- Southwest (LUV) will increase its 2022 firm order by 34 Boeing (BA) 737 MAX 7 jets [more]
2. WALL STREET CALLS:
- Target (TGT) upgraded to Buy at UBS on "strong positioning" [more]
- Jefferies upgrades Delta (DAL) to Buy on opportunity to lead in next leg of recovery [more]
- William Blair, Citi, Atlantic Equities, Baird, Raymond James and Cowen among firms having upgraded Biogen (BIIB) following yesterday's FDA approval of its Alzheimer's drug [more]
- Abercrombie & Fitch (ANF) upgraded to Buy from Hold at Argus [more]
- SAIC (SAIC) downgraded to Sell from Neutral at Goldman Sachs [more]
3. AROUND THE WEB:
- Southwest is automating certain job recruitment tasks to speed up hiring, WSJ says [more]
- Samsung (SSNLF) delays its plans to end LCD panel production to 2022 [more]
- Mining companies are trying to gain some cash that target green investments by downplaying environmental impacts of their operations, WSJ reports [more]
- Nvidia's (NVDA) Arm deal could be delayed by Chinese regulators, CNBC says [more]
- Twitter (TWTR) blocked four accounts in India to comply with a legal request from the Indian government [more]
4. MOVERS:
- NextDecade (NEXT) surges after Evercore ISI analyst Sean Morgan upgraded the stock to Outperform from In Line with a price target of $9 [more]
- Velodyne (VLDR) gains after Seabed selected the company’s Puck sensors for its lidar mobile mapping system [more]
- CureVac (CVAC) declines after Business Insider reported the EMA does not expect the company’s COVID-19 vaccine to be approved before August [more]
- Keurig Dr Pepper (KDP) drops after a 28M share secondary offering priced at $35.65 [more]
- Up Fintech (TIGR) lower after announcing 6.5M offering of American Depositary Shares [more]
5. EARNINGS/GUIDANCE:
- J. Jill (JILL) rises after reporting a quarterly adjusted profit [more]
- Marvell (MRVL) gains after reporting upbeat quarterly results [more]
- Seagate (STX) higher after raising its Q4 earnings guidance [more]
- Thor Industries (THO) slips despite reporting upbeat Q3 results [more]
- Coupa Software (COUP) falls even after providing upbeat Q2 and FY22 guidance [more]
INDEXES:
Near midday, the Dow was up 3.98, or 0.01%, to 34,634.22, the Nasdaq was up 8.62, or 0.06%, to 13,890.34, and the S&P 500 was up 0.85, or 0.02%, to 4,227.37.