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:
- At its "California Streaming" virtual event, Apple (AAPL) unveiled a number of new products, including a new iPhone, Apple Watch, and iPad [more]
- 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]
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]
- Comcast (CMCSA) talked down Q3 internet net additions, says KeyBanc [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]
- SEC Chair Gary Gensler said the SEC is getting ready to publish a post-mortem of the GameStop (GME) trading saga "shortly," Reuters says [more]
- Citron Research said RealReal (REAL) shares are going to $30 in 12 months [more]
- Comcast (CMCSA) is facing a bidding war for English Premier League rights, Bloomberg 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]
- Crox (CROX) jumps after guiding for revenues of over $5B by 2026 [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]
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:
The Dow fell 292.06, or 0.84%, to 34,577.57, the Nasdaq lost 67.82, or 0.45%, to 15,037.76, and the S&P 500 declined 25.68, or 0.57%, to 4,443.05.