Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Cisco (CSCO) offered to buy Splunk (SPLK), companies not in active talks, WSJ says [more]
- Lockheed Martin (LMT) terminated its agreement to acquire Aerojet Rocketdyne (AJRD) [more]
- Cornerstone Building Brands (CNR) announced a $24.65 per share acquisition offer from CD&R [more]
- 3M (MMM) guided to FY22 total sales growth of 1%-4%, factoring in an anticipated decline in COVID-19-related disposable respirator demand in 2022 [more]
- Collegium Pharmaceutical (COLL) to acquire BioDelivery Sciences (BDSI) for $5.60 per share [more]
2. WALL STREET CALLS:
- Wedbush upgrades Micron (MU) to Outperform, raises price target [more]
- Texas Instruments (TXN) downgraded to Market Perform from Outperform at Raymond James [more]
- Tyson Foods (TSN) downgraded on limited potential upside at Barclays [more]
- Discover (DFS) upgraded to Buy at Deutsche Bank [more]
- Roblox (RBLX) reinstated with a Buy at BofA [more]
3. AROUND THE WEB:
- Peloton's (PTON) new CEO dismisses sale talk, FT says [more]
- Amazon (AMZN) and Spotify (SPOT) explore bids for Audioboom, Sky News reports [more]
- DoorDash (DASH) to raise fees on McDonald's (MCD) restaurants whose orders are not filled on time, WSJ says [more]
- Warburg, Sternlicht SPACs in talks with Allied Universal, Bloomberg reports [more]
- Ford (F) has halted or reduced production at several U.S. plants due to the chip shortage, Reuters reports [more]
4. MOVERS:
- Asana (ASAN) up after CEO Moskovitz buys 1.25M shares [more]
- Bloom Energy (BE) gains after BofA analyst Julien Dumoulin-Smith upgraded the stock to Buy from Neutral [more]
- Sea Limited (SE) slips after Live Mint reported that its Free Fire was banned in India [more]
- Novavax (NVAX) declines after Cantor Fitzgerald analyst Charles Duncan lowered the firm's price target on the stock to $174 from $282 [more]
- Tritium (DCFC) falls after filing to sell 115.37M shares for selling shareholders [more]
5. EARNINGS/GUIDANCE:
- TreeHouse (THS) reports better than expected Q4 sales and earnings [more]
- Weber (WEBR) reports lower than expected sales and earnings in fiscal first quarter [more]
- Applied Genetic (AGTC) says entering 2022 with "significant momentum" [more]
- Outlook Therapeutics (OTLK) sees "transformational year ahead" [more]
- Acasti Pharma (ACST) reports Q3 losses that improved compared to last year [more]
INDEXES:
The Dow fell 171.89, or 0.49%, to 34,566.17, the Nasdaq lost 0.24, or 0.0017%, to 13,790.92, and the S&P 500 declined 16.97, or 0.38%, to 4,401.67.