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:
Fastly (FSLY) confirmed an outage earlier that affected its CDN services and impacted the likes of Reddit, Spotify (SPOT), Shopify (SHOP) and Pinterest (PINS) [more]
Stitch Fix (SFIX) reported upbeat quarterly earnings and raised its fiscal 2021 revenue guidance [more]
Tesla's (TSLA) China deliveries rose by 29% in May, according to Bloomberg [more]
Shares of Clover Health (CLOV) and Wendy's (WEN) jumped as WallStreetBets warned of a short squeeze [more]
Southwest (LUV) will increase its 2022 firm order by 34 Boeing (BA) 737 MAX 7 jets [more]
2. WALL STREET CALLS:
Target (TGT) upgraded to Buy at UBS on "strong positioning" [more]
Jefferies upgrades Delta (DAL) to Buy on opportunity to lead in next leg of recovery [more]
William Blair, Citi, Atlantic Equities, Baird, Raymond James and Cowen among firms having upgraded Biogen (BIIB) following yesterday's FDA approval of its Alzheimer's drug [more]
Abercrombie & Fitch (ANF) upgraded to Buy from Hold at Argus [more]
SAIC (SAIC) downgraded to Sell from Neutral at Goldman Sachs [more]
3. AROUND THE WEB:
G7 member states said to have found a way to have Amazon (AMZN) face higher taxes by targeting its cloud computing business [more]
Samsung (SSNLF) delays its plans to end LCD panel production to 2022, Nikkei reports [more]
Mining companies are trying to gain some cash that target green investments by downplaying environmental impacts of their operations, WSJ reports [more]
Nvidia's (NVDA) Arm deal could be delayed by Chinese regulators, CNBC says [more]
Twitter (TWTR) blocked four accounts in India to comply with a legal request from the Indian government [more]
4. MOVERS:
NextDecade (NEXT) surges after Evercore ISI analyst Sean Morgan upgraded the stock to Outperform with a price target of $9 [more]
Velodyne (VLDR) gains after Seabed selected the company’s Puck sensors for its lidar mobile mapping system [more]
CureVac (CVAC) declines after Business Insider reported the EMA does not expect the company’s COVID-19 vaccine to be approved before August [more]
Keurig Dr Pepper (KDP) drops after a 28M share secondary offering priced at $35.65 [more]
Lordstown Motors (RIDE) drops after adding "going concern" warning in revised 10-K filing [more]
5. EARNINGS/GUIDANCE:
J. Jill (JILL) rises after reporting a quarterly adjusted profit [more]
Marvell (MRVL) gains after reporting upbeat quarterly results [more]
Seagate (STX) higher after raising its Q4 earnings guidance [more]
Thor Industries (THO) slips despite reporting upbeat Q3 results [more]
Coupa Software (COUP) falls even after providing upbeat Q2 and FY22 guidance [more]
INDEXES:
The Dow fell 30.42, or 0.088%, to 34,599.82, the Nasdaq gained 43.19, or 0.31%, to 13,924.91, and the S&P 500 advanced 0.74, or 0.018%, to 4,227.26.
Clover Health
+10.13 (+85.05%)
Amazon.com
+64.75 (+2.02%)
Target
+4.27 (+1.85%)
Delta Air Lines
+0.98 (+2.13%)
Biogen
-0.04 (-0.01%)
Abercrombie & Fitch
+0.99 (+2.47%)
SAIC
-0.35 (-0.38%)
Fastly
+5.5 (+10.85%)
Stitch Fix
+8.035 (+13.84%)
Tesla
-1.9 (-0.31%)
Southwest
+0.61 (+1.05%)
Boeing
+0.06 (+0.02%)
Samsung
+ (+0.00%)
Nvidia
-6.685 (-0.95%)
-0.81 (-1.36%)
NextDecade
+2.02 (+58.05%)
Velodyne Lidar
+2.115 (+20.87%)
CureVac
-15.825 (-12.66%)
Keurig Dr Pepper
-1.6 (-4.34%)
J.Jill
+1.91 (+10.85%)
Marvell
+2.43 (+5.03%)
Seagate
+2.15 (+2.18%)
Thor Industries
-1.68 (-1.43%)
Coupa Software
-18.84 (-7.97%)
Spotify
-0.16 (-0.07%)
Shopify
-0.82 (-0.07%)
+0.615 (+0.94%)
Lordstown Motors
-2.23 (-16.62%)