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:
- Facebook (FB) reported upbeat quarterly results but guided for revenue growth deceleration in the back half of the year [more]
- Qualcomm (QCOM) reported better than expected Q3 results [more]
- Ford (F) reported a surprise profit for Q2 [more]
- PayPal (PYPL) reported quarterly results and provided downbeat Q3 and FY21 guidance [more]
- DiDi (DIDI) denied a report from the Wall Street Journal saying that the company is considering going private [more]
2. WALL STREET CALLS:
- Analysts diverge on Apple (AAPL) supplier Cirrus Logic (CRUS) after results [more]
- CyrusOne (CONE) double upgraded to Outperform at Raymond James, downgraded to Hold at Truist after CEO separation [more]
- Spotify (SPOT) upgraded to Buy at Guggenheim following nearly 40% pullback, raised to Neutral at UBS [more]
- LG Display (LPL) upgraded to Buy from Neutral at Nomura and downgraded to Underperform from Outperform at CLSA [more]
- Robinhood (HOOD) initiated with an Overweight at Atlantic Equities ahead of stock opening at IPO price of $38 per share [more]
3. AROUND THE WEB:
- Netflix (NFLX) will require COVID-19 vaccinations for actors and some crew, Deadline reports [more]
- Twitter (TWTR) is re-closing its New York and San Francisco offices amid a COVID-19 spike, SF Chronicle says [more]
- SoftBank (SFTBY) has sold 45M Uber (UBER) shares to cover for DiDi (DIDI) losses, CNBC reports [more]
- Scarlett Johansson is suing Disney (DIS) over an alleged breach of contract related to the release of "Black Widow," WSJ says [more]
- UniCredit (UNCRY) is in talks to buy part of Monte dei Paschi (BMDPF), Bloomberg says [more]
4. MOVERS:
- Zoom (ZM) rises after KeyBanc upgraded the stock to Overweight from Sector Weight with a $428 price target [more]
- LendingClub (LC) and Tempur Sealy International (TPX) each rise after reporting quarterly results [more]
- Annovis Bio (ANVS) plunges after presenting data on ANVS401 at the Alzheimer’s Association International Conference [more]
- Cassava Sciences (SAVA) falls after announcing clinical data from an interim analysis of an open-label study with simufilam [more]
- Nikola (NKLA) lower after the company’s founder Trevor Milton was charged by the U.S. Attorney’s Office in Manhattan for allegations of fraud and for making false and misleading statements to investors [more]
5. EARNINGS/GUIDANCE:
- MasterCard (MA) reported upbeat Q2 results [more]
- Altria Group (MO) narrowed its FY21 adjusted earnings guidance [more]
- Merck (MRK) reported downbeat Q2 results [more]
- Spirit Airlines (SAVE) reported upbeat quarterly results [more]
- Southern Company (SO) reported better than expected earnings and revenue [more]
INDEXES:
The Dow rose 153.60, or 0.44%, to 35,084.53, the Nasdaq gained 15.68, or 0.11%, to 14,778.26, and the S&P 500 advanced 18.51, or 0.42%, to 4,419.15.