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:
- Intellia Therapeutics (NTLA) shares jump on milestone for genome editing [more]
- Johnson & Johnson (JNJ) announces opioid settlement agreement with New York [more]
- Tesla (TSLA) to "recall" 285,000 cars in China over autopilot risks, China's state regulator says [more]
- Principal Financial (PFG) to exit retail fixed annuities following strategic review, board approves new authorization for repurchase of up to $1.2B of company shares [more]
- A U.S. District Court granted Facebook (FB) motion to dismiss an FTC complaint, but not the case [more]
2. WALL STREET CALLS:
- Stifel upgrades Nektar (NKTR) to Buy ahead of lung cancer data [more]
- JPMorgan downgrades Global Blood Therapeutics (GBT) after physician survey [more]
- Maximus (MMS) downgraded to Outperform from Strong Buy at Raymond James [more]
- Wedbush analyst Ygal Arounian initiated coverage of Squarespace (SQSP) with a Neutral rating while Barclays analyst Trevor Young also initiated coverage of Squarespace with an Equal Weight rating [more]
- Morgan Stanley initiated coverage of dLocal (DLO) with an Overweight rating and $72 price target, while Citi and Goldman Sachs started coverage of dLocal with Neutral ratings [more]
3. AROUND THE WEB:
- FAA tells Boeing (BA) "realistically" will not certify 777X before 2023, Reuters says [more]
- United Airlines (UAL) is finishing an airplane order worth $30B at list value that could include up to 200 Boeing 737 MAX and 70 Airbus (EADSY) A321neo, Reuters reports [more]
- Broadcom (AVGO), Marvell (MRVL) and MediaTek have become Arm's first customers to publicly support Nvidia's (NVDA) proposed $40B takeover, The Sunday Times reports [more]
- Apple (AAPL) exploring larger iPads, shuffles self-driving car team, Bloomberg says [more]
- Republic Airways is exploring an IPO that could happen as soon as Q3 of this year, Bloomberg reports [more]
4. MOVERS:
- Anavex (AVXL) rises after reporting results from its Phase 2 clinical trial of ANAVEX 2-73 [more]
- New Senior Investment (SNR) gains after agreeing to be acquired by Ventas (VTR) in an all-stock transaction valued at approximately $2.3B [more]
- JinkoSolar (JKS) higher after its Jinko Solar subsidiary applied for an IPO on China's STAR Market [more]
- CEL-SCI (CVM) declines after Adam Feuerstein of STAT News said that the company "data-mined" for a "positive" readthrough of the company's Multikine, but the drug "doesn't work" [more]
- Biogen (BIIB) lower as House committees to investigate approval, pricing of the company's Alzheimer's drug [more]
5. EARNINGS/GUIDANCE:
- Perion Network (PERI) reports preliminary Q2 revenue above consensus, raises FY21 revenue view [more]
- Digital Brands (DBGI) reports Q1 EPS ($4.55) vs. ($2.87) a year ago [more]
- BBQ Holdings (BBQ) increases FY21 revenue guidance [more]
- Just Energy (JENGQ) reports Q4 revenue [more]
- Micron (MU), Walgreens (WBA), Constellation Brands (STZ) among big name earnings due this week [more]
INDEXES:
The Dow fell 150.57, or 0.44%, to 34,283.27, the Nasdaq gained 140.12, or 0.98%, to 14,500.51, and the S&P 500 advanced 9.91, or 0.23%, to 4,290.61.