Five top five lists with the news and calls moving stocks, powered by The Fly.
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:
The U.S. Federal Reserve maintained its interest rate benchmark at 0%-0.25%, will continue to increase Treasury's holdings by $120B per month, while committee projections point to potential for rate hikes seen in 2023 [more]
GM (GM) announced it will increase its EV and AV investments from 2020 through 2025 to $35B, while rival Ford (F) said its Lincoln brand will electrify its entire vehicle portfolio by 2030 [more]
Elanco (ELAN) will acquire Kindred Biosciences (KIN) for $9.25 per share [more]
Platinum Equity will acquire McGraw Hill from funds managed by Apollo Global (APO) affiliates [more]
Viavi (VIAV) submitted a proposal to acquire Exfo (EXFO) at $7.50 per share, but chairman Lamonde says he will not support Viavi proposal [more]
2. WALL STREET CALLS:
Dish (DISH) upgraded to Buy from Hold at Pivotal Research [more]
Wolfe upgrades "Big 3" cruise stocks Carnival (CCL), Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) on improving booking momentum [more]
BioNTech (BNTX) downgraded to Sell from Neutral at Redburn [more]
Maxar Technologies (MAXR) initiated with a Buy rating and $52 price target at Goldman Sachs [more]
Jefferies adds Amazon (AMZN) to Franchise Picks list on "discount" valuation despite a fundamental outlook that is "arguably better than ever" [more]
3. AROUND THE WEB:
Workhorse (WKHS) intends to challenge the U.S. Postal Service's decision to award a 10-year contract to Oshkosh (OSK), Reuters says [more]