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:
- JPMorgan (JPM) reported above-consensus headline earnings and revenue, but slid after CFO warned of "a couple of years of sub-target returns" [more]
- Wells Fargo (WFC) also reported better-than-expected Q4 results [more]
- Citi (C) joined its big bank brethren with report of upbeat Q4 results [more]
- ODP (ODP) will delay its public company separation to evaluate a potential sale of its consumer business [more]
- The U.S. House panel reviewing the January 6, 2021 Capitol riot has subpoenaed Alphabet (GOOGL), Meta (MVRS), Twitter (TWTR), and Reddit [more]
2. WALL STREET CALLS:
- Ford (F) downgraded to Sector Perform at RBC Capital on reduced near-term upside [more]
- Disney (DIS) downgraded to Neutral at Guggenheim on slower profit climb [more]
- Restaurant Brands (QSR) downgraded to Underweight, Chipotle Mexican Grill (CMG) raised to Overweight at Morgan Stanley [more]
- Sirius XM (SIRI) downgraded to Underweight on slowing car sales at JPMorgan [more]
- NetApp (NTAP) upgraded to Outperform from Market Perform at Cowen [more]
3. AROUND THE WEB:
- Macau will award a maximum of six casino licenses, Bloomberg reports [more]
- Tesla (TSLA) pushed its Cybertruck production start to early 2023, Reuters reports [more]
- Moderna (MRNA) chairman Afeyan told Bloomberg that COVID-19 could become endemic in 2022 [more]
- Nio (NIO) North American launch looks 'more likely' amid HQ expansion, Electrek says [more]
- Starbucks (SBUX) workers will vote on a union at three more New York sites, Bloomberg says [more]
4. MOVERS:
- Netflix (NFLX) rallied in late day trading after announcing plans to raise prices in U.S. [more]
- ATI Physical Therapy (ATIP) rose after Jefferies analyst Stephanie Wissink upgraded the stock to Buy from Hold [more]
- Pinduoduo (PDD) jumped after DBS Bank upgraded the stock to Buy from Hold [more]
- FTC Solar (FTCI) fell after BofA analyst Julien Dumoulin-Smith downgraded the stock to Underperform [more]
- Domino's Pizza (DPZ) slid after Morgan Stanley analyst John Glass downgraded the stock [more]
5. EARNINGS/GUIDANCE:
- BlackRock (BLK) also reported upbeat Q4 earnings [more]
- Sherwin-Williams (SHW) provided downbeat Q4 earnings guidance [more]
- Boston Beer (SAM) cut its FY21 earnings outlook [more]
- Rover Group (ROVR) reaffirmed its 2021 revenue guidance [more]
- SAP (SAP) reported 10% year-over-year earnings growth in Q4 [more]
INDEXES:
The Dow fell 201.81, or 0.56%, to 35,911.81, the Nasdaq gained 86.94, or 0.59%, to 14,893.75, and the S&P 500 advanced 3.82, or 0.082%, to 4,662.85.