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:
- Amazon (AMZN) to acquire filmmaker MGM for $8.45B [more]
- Ford (F) raises view of planned electrification spending to over $30B by 2025 [more]
- Belgian government suspends J&J (JNJ) Covid vaccine for people under age 41 [more]
- At least two Engine No. 1 directors voted to board of Exxon Mobil [more]
- Mondelez (MDLZ) to acquire snacking company Chipita for $2B [more]
2. WALL STREET CALLS:
- Virgin Galactic (SPCE) initiated with a Buy at Canaccord [more]
- AMC Entertainment (AMC) downgraded to Neutral from Buy at B. Riley [more]
- Riot Blockchain (RIOT) initiated with a Buy at B. Riley [more]
- Urban Outfitters (URBN) upgraded to Neutral from Underweight at JPMorgan [more]
- Zscaler (ZS) upgraded to Outperform from Market Perform at BMO Capital [more]
3. AROUND THE WEB:
- Amazon (AMZN) weighs push into physical pharmacies, Insider reports [more]
- Icahn built $400M stake in Allstate (ALL), supports company's plans, WSJ reports [more]
- Tencent (TCEHY) ordered to set up holding company for finance business, Caixin says [more]
- Court orders Royal Dutch Shell (RDS.A) to cut carbon emissions by 45%, AP reports [more]
- EC to open formal probe into Facebook (FB), focusing on ad business, FT reports [more]
4. MOVERS:
- Asensus Surgical (ASXC) rises after H.C. Wainwright initiates coverage [more]
- Owens & Minor (OMI) advances after issuing long-term financial targets [more]
- CarLotz (LOTZ) declines after company’s profit-sharing corporate vehicle sourcing partner pauses consignments [more]
- Travere Therapeutics (TVTX) falls after providing regulatory update for sparsentan program in focal segmental glomerulosclerosis [more]
- Larimar (LRMR) drops after FDA places clinical hold on CTI-1601 clinical program [more]
5. EARNINGS:
- Dick's Sporting Goods (DKS) gains after Q1 results beat, FY21 guidance raised [more]
- Nordstrom (JWN) drops after Q1 results, FY21 guidance [more]
- Urban Outfitters (URBN) jumps after Q1 earnings beat [more]
- Zscaler (ZS) rises after beat and raise report [more]
- GSX Techedu (GOTU) falls after Q1 result JPMorgan calls "disappointing" [more]
INDEXES: The Dow rose 10.59, or 0.03%, to 34,323.05, the Nasdaq gained 80.82, or 0.59%, to 13,738.00, and the S&P 500 advanced 7.86, or 0.19%, to 4,195.99.