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:
- CureVac (CVAC) plunges after its COVID-19 study did not meet its "success criteria" [more]
- Fisker (FSR) and Magna (MGA) have entered into a long-term manufacturing agreement [more]
- Ford (F) CEO Jim Farley announced raised Q2 EBIT expectations and reservations for new vehicles [more]
- Walmart (WMT) is investing in drone delivery provider DroneUp [more]
- The U.S. Supreme Court released an opinion upholding the Affordable Care Act [more]
2. WALL STREET CALLS:
- Northcoast analyst Brandon Rolle downgraded Thor Industries (THO), Camping World (CWH) and Winnebago (WGO), all to Neutral from Buy, following worrisome RV industry checks [more]
- Micron (MU) downgraded to Sell from Hold at Lynx [more]
- Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Sandler [more]
- Nvidia (NVDA) price target raised to "Street high" $854 at Jefferies [more]
- Bandwidth (BAND) initiated with a Neutral rating and $135 price target at Piper Sandler [more]
3. AROUND THE WEB:
- Novavax's (NVAX) COVID-19 vaccine will launch in India by September, ANI reports [more]
- Co-Diagnostics (CODX) is under investigation by the SEC, Salt Lake Tribune says [more]
- U.S. government to invest $3.2B to develop antiviral pills for Covid from Atea Pharmaceuticals (AVIR) and Pfizer (PFE), NYT says [more]
- China's market regulator starts antitrust probe into Didi (DIDI), Reuters says [more]
- Infarm is in talks to go public via a merger with Kernel Group (KRNL), Bloomberg says [more]
4. MOVERS:
- Nano-X Imaging (NNOX) rises after the company submitted a 510k premarket notification application to the FDA for its Nanox.ARC 3-D digital tomosynthesis system [more]
- Agenus (AGEN) gains after the FDA accepted the company’s Biologics License Application for balstilimab [more]
- ChargePoint (CHPT) higher after announcing service for charging EQ future mobility products from Mercedes-EQ [more]
- Torchlight Energy Resources (TRCH) lower after filing to sell $100M of its common stock [more]
- Algonquin Power (AQN) declines after announcing a $900M offering of equity units [more]
5. EARNINGS:
- Lennar (LEN) gains after reporting upbeat Q2 results [more]
- Honest Company (HNST) slips after its first quarterly report [more]
- Kroger (KR) rises after "beat and raise" report [more]
- Jabil (JBL) higher after reporting better than expected Q3 results [more]
- Culp (CULP) lower after reporting Q4 adjusted earnings [more]
INDEXES:
Near midday, the Dow was down 223.23(-0.66%, to 33,810.44, the Nasdaq was up 128.65(+0.92%, to 14,168.33, and the S&P 500 was down 2.63(-0.06%, to 4,221.07.