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:
- Baxter (BAX) agreed to acquire Hill-Rom (HRC) for $156 per share in cash [more]
- Moderna (MRNA) has submitted initial data to the FDA for a booster shot for its COVID-19 vaccine [more]
- Ford (F) reported a 33.1% year-over-year decline in U.S. vehicle sales in August [more]
- Apple (AAPL) to allow "reader" apps to link to external website for payments in 2022 [more]
- Virgin Galactic (SPCE) shares slid after the FAA banned the company from flying its SpaceShipTwo pending a probe into the company's July 11 space flight [more]
2. TOP CALLS:
- AB InBev (BUD) downgraded to Underweight from Neutral at JPMorgan [more]
- Unilever (UL) was also downgraded to Underweight from Neutral at JPMorgan [more]
- Deutsche Bank initiated coverage of Starbucks (SBUX) with a Hold rating [more]
- Okta (OKTA) upgraded to Buy from Hold at Needham [more]
- Teradata (TDC) was initiated with a Buy rating at Craig-Hallum [more]
3. AROUND THE WEB:
- The DOJ is preparing an antitrust suit against Google (GOOGL) over advertising technology, Bloomberg reports [more]
- Ford (F) is once again cutting F-150 production amid a chip shortage, CNBC reports [more]
- General Motors (GM) plans to reduce North American production amid chip shortage, CNBC says [more]
- Apple (AAPL) is in talks with Korean, Japanese suppliers over its Apple Car, DigiTimes reports [more]
- Tesla (TSLA) has temporarily halted some operations at its Shanghai plant, Bloomberg says [more]
4. MOVERS:
- Marathon Digital (MARA) higher after announcing an expanded collaboration with NYDIG [more]
- Atossa Therapeutics (ATOS) increases after announcing it received approval from the Swedish Ethics Review Authority to begin a Phase 2 clinical study of oral Endoxifen [more]
- Nutanix (NTNX) and ChargePoint Holdings (CHPT) gain after reporting quarterly results [more]
- Hall of Fame Resort & Entertainment (HOFV) lower after postponing the Highway 77 Music Festival due to an increase in COVID-19 cases in Ohio [more]
- C3.ai (AI) and Smith & Wesson Brands (SWBI) decline after reporting quarterly results [more]
5. EARNINGS/GUIDACE:
- American Eagle (AEO) reported upbeat Q2 earnings [more]
- Chewy (CHWY) reported lower than expected Q2 revenue [more]
- Ciena (CIEN) reported better than expected Q3 results [more]
- Signet Jewelers (SIG) provided a "beat and raise" report [more]
- Hormel Foods (HRL) lowered its FY21 earnings guidance [more]
INDEXES:
The Dow rose 131.29, or 0.37%, to 35,443.82, the Nasdaq gained 21.80, or 0.14%, to 15,331.18, and the S&P 500 advanced 12.86, or 0.28%, to 4,536.95.