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:
- Microsoft (MSFT) has warned of a new cyberattack from the actor behind the previous SolarWinds (SWI) attacks [more]
- Pfizer (PFE) and BioNTech's (BNTX) COVID-19 vaccine was approved by the EMA to include children ages 12 to 15 [more]
- Salesforce (CRM) reported better than expected Q1 results and raised its EPS and revenue guidance for fiscal 2022 [more]
- Box (BOX) reported upbeat Q1 results but lowered its earnings and revenue guidance for FY22 [more]
- Provention Bio (PRVB) announced a 10-7 FDA panel vote in favor of teplizumab benefits outweighing risks [more]
2. WALL STREET CALLS:
- New Street cuts Apple (AAPL) to Sell ahead of expected 12S "downcycle" [more]
- Nikola (NKLA) initiated with a Buy at BTIG [more]
- Deutsche starts Lordstown (RIDE) with Hold on "considerable uncertainty" [more]
- Barclays double downgrades Premier (PINC) with multiple expansion less likely [more]
- DexCom (DXCM) upgraded to Equal Weight from Underweight at Wells Fargo [more]
3. AROUND THE WEB:
- AMC Entertainment (AMC) shares are in focus as the strength in shares continues to be attributed to interest from retail and "meme" traders [more]
- Boeing (BA) has halted 787 Dreamliner deliveries following a five-month suspension amid production issues, The Wall Street Journal says [more]
- Johnson & Johnson (JNJ) and the FDA are close to announcing that contamination issues at a coronavirus vaccine factory in Baltimore are resolved, The Wall Street Journal reports [more]
- Welbilt (WBT), which previously agreed to sell itself in a $2.9B deal with Middleby (MIDD), has received a bid from Ali Group valuing the company at roughly $3.3B, according to The Wall Street Journal [more]
- Engine No 1, the hedge fund that won a proxy battle against ExxonMobil (XOM) this week, told Financial Times that the oil major would have to cut oil production [more]
4. MOVERS:
- Hexo (HEXO) rises after entering into a definitive share purchase agreement to acquire Redecan [more]
- Palantir (PLTR) higher after being awarded an $111M contract by the United States Special Operations Command [more]
- BioCryst (BCRX) increases after Piper Sandler analyst Christopher Raymond raised the firm’s price target on the stock to $18 from $15 [more]
- Gap (GPS) falls despite reporting upbeat quarterly results, with comparable sales rising 28% [more]
- U.S. Silica Holdings (SLCA) lower after Barclays analyst J. David Anderson downgraded the stock to Underweight [more]
5. EARNINGS:
- Yext (YEXT) jumps after Q1 earnings beat and reaffirming FY22 earnings guide [more]
- Ollie's Bargain Outlet (OLLI) higher after upbeat Q1 earnings and revenue [more]
- Ulta Beauty (ULTA) rises after "beat and raise" report [more]
- HP Inc. (HPQ) slips despite better than expected Q2 results [more]
- Guess (GES) lower after guiding for Q2 revenue contraction [more]
INDEXES:
Near midday, the Dow was up 110.76, or 0.32%, to 34,575.40, the Nasdaq was up 75.31, or 0.55%, to 13,811.58, and the S&P 500 was up 14.67, or 0.35%, to 4,215.55.