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:
- United Airlines (UAL) has announced a deal to add 270 new Boeing (BA) and Airbus (EADSY) aircraft [more]
- Big banks like Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), and JPMorgan (JPM) announce new capital return plans after Fed stress tests [more]
- In other bank news, JPMorgan agreed to acquire OpenInvest [more]
- Walmart (WMT) is launching a private brand analog insulin [more]
- The NIH said that Johnson & Johnson's (JNJ) COVID-19 vaccine provides a "robust" response against variants [more]
2. WALL STREET CALLS:
- Textron (TXT) on rise after Morgan Stanley analyst Kristine Liwag upgraded to Overweight with a Street-high price target of $87 [more]
- CSX (CSX) upgraded to Buy from Neutral at Citi [more]
- Carvana (CVNA) downgraded to Neutral from Overweight at Piper Sandler [more]
- Wells Fargo upgrades Keurig Dr Pepper (KDP) on carbonated beverage tailwind [more]
- Herbalife Nutrition (HLF) initiated with a Buy rating, $70 target at B. Riley [more]
3. AROUND THE WEB:
- Amazon (AMZN) is acquiring the exclusive rights to the "SmartLess" podcast, Bloomberg says [more]
- Consumer Reports said the Tesla (TSLA) Model 3 has regained "CR Top Pick" status [more]
- Apple (AAPL) is on track to spend 50% more this year on user data it stores on Google's (GOOGL) cloud, The Information reports [more]
- Facebook's (FB) Instagram will soon test sharing ad revenue with publishers, Axios says [more]
- ViacomCBS (VIAC) saw "historic demand" in its just-wrapped upfront negotiations, Deadline reports [more]
4. MOVERS:
- Cerevel (CERE) shares more than doubled after company's results from Phase 1b clinical trial of CVL-231 [more]
- PLBY Group (PLBY) gains after entering a definitive agreement to acquire Honey Birdette for $333M in a cash and stock transaction [more]
- Moderna (MRNA) higher after announcing new results showing activity of its vaccine against variants of SARS-CoV-2 [more]
- UiPath (PATH) declines after announcing a 1.5M share block trade offering priced at $70.80 [more]
- Iovance Biotherapeutics (IOVA) falls after reporting clinical data for its TIL therapy LN-145 from its IOV-COM-202 study [more]
5. EARNINGS/GUIDANCE:
- Capri Holdings (CPRI) raises FY22 EPS view [more]
- FactSet (FDS) reports Q3 adjusted EPS [more]
- Purple Innovation (PRPL) cuts Q2 revenue view, withdraws FY21 guidance [more]
- Jefferies Financial (JEF) reports Q2 EPS, raises annual dividend 25% [more]
- Sempra Energy (SRE) raises FY21 adjusted EPS view, introduces FY22 EPS guidance [more]
INDEXES:
The Dow rose 9.02, or 0.03%, to 34,292.29, the Nasdaq gained 27.83, or 0.19%, to 14,528.33, and the S&P 500 advanced 1.19, or 0.03%, to 4,291.80.