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:
- AMC Entertainment (AMC) sells 11.55M shares despite cautioning against buying shares with trading "unrelated" to business [more]
- FireEye (FEYE) to sell Products business, including the FireEye name, for $1.2B, become Mandiant Solutions [more]
- General Motors (GM) sees first half results "significantly better" than prior guidance, Ford (F) reports May U.S. sales up 4.1% [more]
- Delta Air Lines (DAL) raises outlook, says domestic leisure travel expected to be more than 100% restored in June [more]
- Exxon Mobil (XOM) sees shareholders electing three Engine No. 1 nominees to board [more]
2. WALL STREET CALLS:
- Cantor upgrades Tilray (TLRY) to Overweight following Aphria merger [more]
- Stifel upgrades Criteo (CRTO) to Buy on improving retail media outlook [more]
- Jefferies upgrades Take-Two (TTWO) to Buy, "more confident than ever" in long-term view [more]
- Redfin (RDFN) upgraded to Overweight from Equal Weight at Stephens [more]
- Goldman Sachs downgrades Benefitfocus (BNFT), Vertex (VERX) and Sapiens (SPNS) to Sell [more]
3. AROUND THE WEB:
- Tesla (TSLA) orders in China fell nearly 50% month-over-month in May, according to The Information [more]
- Qatar Airways is weighing a multibillion-dollar freighter order with Boeing (BA) or Airbus (EADSY), Reuters says [more]
- Lockheed Martin (LMT) is targeting production of 169 F-35 jets in 2022, Reuters reports [more]
- SoftBank (SFTBY) is in talks to invest $700M in Flipkart, which is 77% owned by Walmart (WMT), Mint reports [more]
- Bear Cave's Edwin Dorsey issued a short report on "problems" at Medical Properties Trust (MPW) [more]
4. MOVERS:
- Workhorse (WKHS) jumps on short-squeeze trade momentum [more]
- Tellurian (TELL) gains after signing a 10-year liquefied natural gas deal with Vitol [more]
- PVH Corp. (PVH) rises after "beat and raise" quarterly report [more]
- PetMed Express (PETS) declines after Sidoti downgraded the stock to Neutral from Buy [more]
- Splunk (SPLK) falls after reporting quarterly results and providing Q2 revenue guidance [more]
5. EARNINGS:
- Conn's (CONN) surges after Q1 results beat estimates [more]
- Ciena (CIEN) gains after reporting upbeat Q2 results [more]
- Leslie's (LESL) higher after raising its FY21 earnings and revenue guidance [more]
- Express (EXPR) drops after reporting Q1 results [more]
- CooTek (CTK) slips after Q1 results, Q2 revenue guidance [more]
INDEXES:
The Dow fell 23.34, or 0.067%, to 34,577.04, the Nasdaq lost 141.82, or 1.03%, to 13,614.51, and the S&P 500 declined 15.27, or 0.36%, to 4,192.85.