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:
- Moderna (MRNA) rises after being named to join the S&P 500 [more]
- Molson Coors (TAP) reinstated a regular quarterly dividend of 34c per share and reaffirmed its FY21 revenue guidance [more]
- Ericsson (ERIC) reported quarterly results and entered into a multi-year $8.3B 5G deal with Verizon (VZ) [more]
- Lordstown Motors (RIDE) confirmed receipt of two SEC subpoenas related to the merger between DiamondPeak and Legacy Lordstown [more]
- Pfizer (PFE) and BioNTech (BNTX) have been granted priority review designation for their COVID-19 vaccine [more]
2. WALL STREET CALLS:
- Textron (TXT) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
- Alcoa (AA) upgraded to Buy from Neutral at Citi [more]
- Honest Company (HNST) upgraded to Buy on pullback at Loop Capital [more]
- Zynex (ZYXI) upgraded to Buy into "accelerating trends" at B. Riley [more]
- Coupa Software (COUP) price targets lowered following analyst day meeting [more]
3. AROUND THE WEB:
- After WSJ said Intel (INTC) considering deal to acquire GlobalFoundries, Bloomberg reports sides not in active talks [more]
- FAA has ordered checks on over 9,300 Boeing (BA) 737 planes, Reuters says [more]
- Square (SQ) CEO Jack Dorsey said the company is creating a bitcoin-inspired financial services business [more]
- American Airlines (AAL) has canceled the voluntary leaves of 3,300 flight attendants, CNBC reports [more]
- Bankers are speculating that Activision Blizzard (ATVI) could be a takeover target, Fox Business says [more]
4. MOVERS:
- fuboTV (FUBO) gains after its subsidiary Fubo Gaming and The Cordish Companies announced the completion of a market access agreement for the mobile Fubo Sportsbook in Pennsylvania [more]
- MoneyGram (MGI) rises after the Financial Times discusses rumors the company may “be in the sights of private equity group Advent” [more]
- Kadmon (KDMN) advances after the FDA granted full approval of Rezurock [more]
- Turquoise Hill (TRQ) slides after reporting quarterly copper production results [more]
- FibroGen (FGEN) falls after FDA panel recommends not approving roxadustat [more]
5. EARNINGS/GUIDANCE:
- State Street (STT) reported upbeat Q2 results [more]
- Autoliv (ALV) reported lower than expected Q2 earnings and revenue [more]
- Charles Schwab (SCHW) reported mixed results for Q2 [more]
- American Outdoor Brands (AOUT) reported mixed results for Q4 [more]
- Alcoa (AA) reported upbeat adjusted earnings and revenue for Q2 [more]
INDEXES:
The Dow fell 299.17, or 0.86%, to 34,687.85, the Nasdaq lost 115.90, or 0.80%, to 14,427.24, and the S&P 500 declined 32.87, or 0.75%, to 4,327.16.