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:
- Barclays (BCS) CEO Jes Staley stepped down following an Epstein probe [more]
- Moderna (MRNA) said the FDA needs more time to complete a review of its COVID-19 shot for teens [more]
- Coca-Cola (KO) acquired full ownership of BodyArmor, buying the remaining stake it didn't own for $5.6B in cash [more]
- Comtech (CMTL) confirmed receipt of an unsolicited takeover proposal from Acacia Research (ACTG) [more]
- PG&E (PCG) reported quarterly results, noting it recorded a $1.15B liability in Q3 related to the Dixie fire [more]
2. WALL STREET CALLS:
- Stephens upgrades Starbucks to Overweight, calls viewing recently announced wage hikes as a negative "shortsighted" [more]
- Shake Shack (SHAK) upgraded to Buy from Hold at Truist [more]
- Crowdstrike (CRWD) downgraded to Neutral from Buy at BTIG [more]
- BofA cuts Lockheed Martin (LMT) to Neutral on slowing growth, "inconsistent" strategy [more]
- Northland downgrades AMD (AMD) on slowing growth, upgrades Intel (INTC) on foundry chances [more]
3. AROUND THE WEB:
- Digital Currency Group is selling shares to SoftBank (SFTBY) and Google (GOOGL) in a deal valuing the crypto conglomerate at over $10B, CNBC says [more]
- JPMorgan (JPM) will continue to back Adler despite allegations, FT reports [more]
- Shanghai Disney (DIS) suspended entry on Halloween, CNBC reports [more]
- A German labor union called for strikes at seven Amazon (AMZN) sites, Reuters reports [more]
- WSJ reports on Roblox (RBLX) outage late last week that continued through Sunday afternoon [more]
4. MOVERS:
- ANI Pharmaceuticals (ANIP) increases after reporting quarterly results and after announcing the FDA approved the company’s sNDA for Purified Cortrophin Gel [more]
- Golden Star (GSS) higher in New York after announcing it will be acquired by Chifeng Jilong Gold in an all-cash offer valued at $470M [more]
- Desktop Metal (DM) gains after announcing the opening of a new in-house manufacturing facility [more]
- Lithium Americas (LAC) down after submitting an unconditional offer to acquire Millennial Lithium for C$4.70 per share [more]
- Oil States (OIS) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Franklin Resources (BEN) reported preliminary Q4 results and agreed to acquire Lexington Partners for $1.75B [more]
- Kulicke & Soffa (KLIC) provided upbeat Q4 revenue guidance [more]
- Alexander's (ALX) reported downbeat Q3 FFO [more]
- ON Semiconductor (ON) reported upbeat Q3 results [more]
- Essential Utilities (WTRG) reported downbeat Q3 results [more]
INDEXES:
Near midday, the Dow was up 48.66, or 0.14%, to 35,868.22, the Nasdaq was up 65.23, or 0.42%, to 15,563.62, and the S&P 500 was up 2.56, or 0.06%, to 4,607.94.