Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- The Macau government awarded provisional gaming concessions to six casino operators, including incumbents Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM (MGM) [more]
- Brenntag (BNTGY) is in preliminary talks to acquire Univar (UNVR) [more]
- Apple (AAPL) will lose 6M iPhone Pros from turmoil at Foxconn (HNHPF) plant, according to Bloomberg [more]
- U.S. Black Friday results were varied according to a number of tracking services [more]
- Taboola (TBLA) and Yahoo have entered a 30-year commercial agreement [more]
2. WALL STREET CALLS:
- DraftKings (DKNG) downgraded to Underweight from Neutral at JPMorgan [more]
- Williams-Sonoma (WSM) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
- Live Nation (LYV) upgraded to Buy from Neutral at Citi [more]
- First Solar (FSLR) downgraded to Neutral from Overweight at JPMorgan [more]
- Beyond Meat (BYND) and Tyson Foods (TSN) downgraded to Underweight at Barclays [more]
3. AROUND THE WEB:
- Amazon (AMZN) will shut down its distribution unit in India, Business Standard reports [more]
- Talkspace (TALK) is in talks to be acquired by Amwell (AMWL), Calcalist says [more]
- Exxon Mobil (XOM) is being held back in the Permian Basin due to potash, WSJ reports [more]
- Adidas (ADDYY) is investigating Ye conduct claims, CNBC reports [more]
- JPMorgan (JPM) and others discuss how to reimburse scammed Zelle customers, WSJ says [more]
4. MOVERS:
- Axsome Therapeutics (AXSM) gains after announcing AXS-05 achieved its primary endpoint in the ACCORD trial [more]
- Waitr Holdings (ASAP) lower after announcing a national food delivery agreement with Chipotle (CMG) [more]
- Li Auto (LI) rises in New York after Jefferies initiated coverage of the stock with a Buy rating and $20.66 price target [more]
- CinCor Pharma (CINC) declines after announcing its Phase 2 HALO trial did not meet its primary endpoint [more]
- Anavex (AVXL) falls after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Pinduoduo (PDD) reported upbeat Q3 results [more]
- Progyny (PGNY) provided upbeat guidance for Q4 and 2022 [more]
- Chindata (CD) reported a big year-over-year spike in Q3 revenue [more]
- H World Group (HTHT) reported upbeat Q3 results [more]
- Analysts at Evercore and Stifel lowered their price targets on Salesforce (CRM) ahead of the company reporting fiscal Q3 results after Wednesday's close [more]
INDEXES:
Near midday, the Dow was down 253.93, or 0.74%, to 34,093.10, the Nasdaq was down 85.88, or 0.76%, to 11,140.48, and the S&P 500 was down 33.66, or 0.84%, to 3,992.46.