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]
- Ali Group confirmed that it submitted a $23 per share proposal to acquire Welbilt (WBT), which had previously agreed to be acquired by Middelby (MIDD) [more]
- Amgen (AMGN) confirmed that the FDA approved Lumakras for the treatment of non-small cell lung cancer [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]
- Rivian, which is backed by Amazon (AMZN) and has a partnership with Ford (F), is seek roughly $70B in a potential IPO and has picked Goldman Sachs (GS), JPMorgan (JPM), and Morgan Stanley (MS) as the banks to underwrite the deal, Bloomberg says [more]
- Tesla (TSLA) is issuing a recall of some Model 3 and Model Y vehicles due to faulty brake caliper bolts, Electrek reports [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]
- Provention Bio (PRVB) drops after announcing a 10-7 FDA panel vote in favor of supporting approval of teplizumab [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:
The Dow rose 64.81, or 0.19%, to 34,529.45, the Nasdaq gained 12.46, or 0.091%, to 13,748.74, and the S&P 500 advanced 3.23, or 0.077%, to 4,204.11.