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:
- Moderna (MRNA) has requested emergency use authorization from the FDA for its COVID-19 vaccine in adolescents [more]
- United Airlines (UAL) is in talks to buy jets from Boeing (BA) and Airbus (EADSY), according to Reuters [more]
- Johnson & Johnson (JNJ) said its COVID-19 vaccine has been approved by the FDA for an extended 4.5 months of shelf life [more]
- Clover Health (CLOV) slides as stock gets first sell rating following Reddit-fueled rally [more]
- Venus Acquisition (VENA) and WiMi Hologram Cloud (WIMI) subsidiary VIYI Algorithm signed a merger agreement [more]
2. WALL STREET CALLS:
- Oppenheimer downgrades Fastly (FSLY) on increased risk following shutdown [more]
- JPMorgan upgrades UPS (UPS) on "incremental positives" from investor day [more]
- Wingstop (WING) upgraded to Buy at BTIG on accelerating domestic development [more]
- ServiceNow (NOW) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
- JMP upgrades Iovance (IOVA) to Outperform, sees 149% potential upside [more]
3. AROUND THE WEB:
- JBS USA (JBSAY) paid an $11M ransom in bitcoin to cyberattackers, WSJ reports [more]
- The U.K.'s CMA is planning a probe into Amazon's (AMZN) use of data, FT says [more]
- Amazon is also facing a potential $425M privacy fine from the EU, WSJ reports [more]
- Roblox (RBLX) is facing a copyright infringement suit from a group of music publishers, Engadget says [more]
- Ford (F) has amassed 100,000 F-150 Lightning pre-orders, NY Times reports [more]
4. MOVERS:
- Embraer (ERJ) rises after confirming its subsidiary Eve has began negotiations related to a possible business combination with Zanite Acquisition (ZNTE) [more]
- Community Health Systems (CYH) gains after RBC Capital analyst Frank Morgan upgraded the stock to Outperform [more]
- Organon (OGN) higher after Evercore ISI analyst Umer Raffat initiated coverage of the stock with an Outperform rating [more]
- Ocugen (OCGN) falls after deciding to no longer pursue an Emergency Use Authorization for Covaxin, its COVID-19 vaccine candidate, and instead pursue a biologics license application [more]
- Materialise (MTLS) drops after announcing an offering of 4M shares [more]
5. EARNINGS:
- GameStop (GME) slips after reporting Q1 losses, plans to offer shares for sale [more]
- RH (RH) jumps after quarterly "beat and raise" report [more]
- Signet Jewlers (SIG) gains after reporting upbeat Q1 results [more]
- FuelCell (FCEL) lower after reporting Q2 results [more]
- KLX Energy (FLXE) falls after reporting Q1 losses [more]
INDEXES:
Near midday, the Dow was up 131.30, or 0.38%, to 34,578.44, the Nasdaq was up 69.28, or 0.50%, to 13,981.03, and the S&P 500 was up 19.27, or 0.46%, to 4,238.82.