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:
- Apple (AAPL) reported upbeat quarterly results as iPhone sales almost reached $40B [more]
- Alphabet (GOOGL) also reported better than expected Q2 earnings and revenue [more]
- Microsoft (MSFT) reported upbeat quarterly results, including 36% year-over-year commercial cloud revenue growth [more]
- Pfizer (PFE) provided a "beat and raise" report for Q2 [more]
- McDonald's (MCD) reported upbeat Q2 results, with global comps up 40.5% [more]
2. WALL STREET CALLS:
- Wall Street hikes Alphabet (GOOGL) targets above $3,000 after blowout results [more]
- Evercore sees 'trifecta of levers' at Apple (AAPL), bumps price target to $180 [more]
- Teladoc (TDOC) downgraded to Hold from Buy at Deutsche Bank [more]
- MGM Resorts (MGM) upgraded to Neutral from Sell at Goldman Sachs [more]
- ResMed (RMD) upgraded to Hold at Jefferies following survey on Philips (PHG) recall [more]
3. AROUND THE WEB:
- Fluidigm (FLDM) is exploring a potential sale, Bloomberg reports [more]
- Credit Suisse (CS) will likely publish a report on Archegos this week, WSJ says [more]
- Twitter (TWTR) acqui-hires the team from news aggregator Brief, TechCrunch reports [more]
- Baxter (BAX) in talks to buy Hill-Rom (HRC) after $144 per share bid turned down, WSJ says [more]
- President Biden is weighing a vaccine requirement for federal workers, Bloomberg says [more]
4. MOVERS:
- Asensus Surgical (ASXC) increases after receiving FDA 510k clearance for 5 mm diameter articulating instruments [more]
- Tilray (TLRY) and Teva Pharmaceutical (TEVA) rise in New York after reporting quarterly results [more]
- Hoegh LNG Partners (HMLP) drops in New York after cutting its quarterly cash distribution [more]
- Citizens Financial (CFG) lower after agreeing to acquire all outstanding shares of Investors Bancorp (ISBC) for a combination of stock and cash in a $3.5B transaction [more]
- The Cheesecake Factory (CAKE), Spotify Technology (SPOT), and CoStar Group (CSGP) fall in New York trading after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Starbucks (SBUX) reported upbeat Q3 results [more]
- Mattel (MAT) raised its FY21 revenue growth view [more]
- Boeing (BA) reported a surprise Q2 core profit [more]
- AMD (AMD) provided a "beat and raise" report [more]
- Visa (V) reported better than expected Q3 results [more]
INDEXES:
Near midday, the Dow was down 99.44, or 0.28%, to 34,959.08, the Nasdaq was up 100.00, or 0.68%, to 14,760.58, and the S&P 500 was flat at 4,401.32.