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:
- Oracle (ORCL) reported lower than expected Q1 revenue [more]
- Intuit (INTU) agreed to acquire Mailchimp in a roughly $12B cash and stock deal [more]
- Goldman Sachs (GS) named Denis Coleman III as its next CFO, replacing the retiring Stephen Scherr [more]
- Veoneer (VNE) confirmed receipt of Qualcomm's (QCOM) takeover bid but said its previously agreed upon deal with Magna (MGA) remains in full force and effect [more]
- Fox Corp. (FOXA) closed its deal to acquire TMZ from WarnerMedia (T) [more]
2. WALL STREET CALLS:
- Amazon (AMZN) price target raised to $4,700 from $4,200 at Evercore ISI [more]
- Microsoft (MSFT) price target raised to $331 from $305 at Morgan Stanley [more]
- Morgan Stanley, "cautiously selective" in EV space, starts Lucid Group (LCID) at Underweight [more]
- Lion Electric (LEV) initiated with an Outperformer at CIBC [more]
- KLA (KLAC) upgraded to Positive with $475 price target at Susquehanna [more]
3. AROUND THE WEB:
- Senator Elizabeth Warren has asked the Federal Reserve to break up Wells Fargo (WFC), NY Times reports [more]
- Facebook (FB) and Twitter (TWTR) have been fined by Russia over content deemed illegal, Reuters reports [more]
- Deutsche Bank (DB) is contacting external candidates in its chairman search, Bloomberg says [more]
- Google (GOOGL) has been fined in South Korea for abusing its market dominance, Bloomberg reports [more]
- SoftBank (SFTBY) is committing $3B for its second Latin America fund, CNBC reports [more]
4. MOVERS:
- Angie's List (ANGI) rises after reporting August monthly revenue up 21% [more]
- Soaring Eagle Acquisition (SRNG) higher after its deal with Ginkgo Bioworks (DNA) was approved by shareholders [more]
- Figs (FIGS) slides after filing to sell 8.83M shares of Class A common stock for holders [more]
- Herbalife Nutrition (HLF) falls after lowering Q3, FY21 guidance [more]
- Mission Produce (AVO) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- FuelCell Energy (FCEL) reported upbeat Q3 results [more]
- Core & Main (CNM) reported downbeat Q2 earnings [more]
- Gulf Resources (GURE) provided Q3 and 2021 revenue guidance [more]
- Coda Octopus (CODA) reported upbeat Q3 earnings and revenue [more]
- Volt Information Sciences (VOLT) also reported upbeat Q3 results [more]
INDEXES:
Near midday, the Dow was down 149.04, or 0.43%, to 34,720.59, the Nasdaq was up 41.09, or 0.27%, to 15,146.68, and the S&P 500 was down 3.71, or 0.08%, to 4,465.02.