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:
- DraftKings (DKNG) will acquire Golden Nugget Online Gaming (GNOG) in a $1.56B all-stock deal [more]
- Brookfield Asset Management Reinsurance (BAMR) agreed to acquire American National (AMAT) for $190 per share [more]
- Cargill and Continental Grain will acquire Sanderson Farms (SAFM) for $203 per share in cash [more]
- Tyson Foods (TSN) reported better than expected Q3 results [more]
- Meanwhile, US Foods (USFD) also reported upbeat quarterly results [more]
2. WALL STREET CALLS:
- Tesla (TSLA) upgraded to Buy on accelerating earnings leverage at Jefferies [more]
- Dollar Tree (DLTR) downgraded to Hold from Buy at Deutsche Bank [more]
- Activision Blizzard (ATVI) downgraded to Hold at Argus on lawsuit fallout [more]
- AMD (AMD) upgraded to Market Perform from Underperform at BMO Capital [more]
- Wynn Resorts (WYNN) downgraded to Neutral from Buy at BofA [more]
3. AROUND THE WEB:
- Amazon (AMZN) will end its relationship with Cloudtail, Reuters reports [more]
- Apple (AAPL) is taking steps in "iCar" talks with Korean partners, Korea Times says [more]
- NetEase's (NTES) Cloud Village postponed the launch of its $1B Hong Kong IPO, Bloomberg reports [more]
- Amazon (AMZN) and Walmart's (WMT) Flipkart will face antitrust investigations in India, Reuters says [more]
- Pfizer (PFE) booster shot causes similar side effects to a second dose, Bloomberg reports [more]
4. MOVERS:
- Microvast (MVST) gains after becoming the focus of attention on Reddit’s WallStreetBets [more]
- BioNTech (BNTX) and Kandi Technologies (KNDI) higher in New York after reporting quarterly results [more]
- Axsome (AXSM) falls after announcing the FDA has found deficiencies in the company’s New Drug Application for AXS-05 [more]
- bluebird bio (BLUE), and Epizyme (EPZM) lower after reporting quarterly results [more]
- ZoomInfo Technologies (ZI) declines after announcing a 20M share offering priced at $63.00 [more]
5. EARNINGS/GUIDANCE:
- RadNet (RDNT) provided "beat and raise" report for Q2 [more]
- Scientific Games (SGMS) reported upbeat Q2 results [more]
- Elanco (ELAN) cut its FY22 adjusted earnings guidance [more]
- Workhorse (WKHS) reported lower-than-expected Q2 revenue [more]
- Trade Desk (TTD) reported upbeat Q2 results [more]
INDEXES:
Near midday, the Dow was down 62.30, or 0.18%, to 35,146.21, the Nasdaq was up 28.77, or 0.19%, to 14,864.53, and the S&P 500 was down 2.02, or 0.05%, to 4,434.50.