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:
- NHTSA has opened an investigation into Tesla's (TSLA) autopilot system after eleven crashes [more]
- An ITC judge determined that Google (GOOGL) infringes on five Sonos (SONO) patents [more]
- Hyatt (H) agreed to acquire Apple Leisure Group from affiliates of KKR (KKR) and CKSL Capital Partners for $2.7B in cash [more]
- Oatly (OTLY) reported quarterly results and provided upbeat 2021 revenue guidance [more]
- CureVac (CVAX) and GSK (GSK) said that CV2CoV showed improved immune response in a preclinical study [more]
2. WALL STREET CALLS:
- Chipotle (CMG) downgraded to Outperform from Strong Buy at Raymond James [more]
- Honest's (HNST) weaker results send analysts in different directions as Guggenheim upgrades, Morgan Stanley downgrades shares [more]
- Sonos (SONO) upgraded to Buy from Hold at Jefferies [more]
- Darling Ingredients (DAR) added to Focus List at Citi [more]
- Roth Capital says "it's time," upgrades Planet Fitness (PLNT) to Buy [more]
3. AROUND THE WEB:
- T-Mobile (TMUS) investigating claims of customer data breach, Reuters reports [more]
- Intel (INTC) CEO pitches multi-billion chip plant plan to U.S. officials, WSJ reports [more]
- Ayr Wellness (AYRWF) said to buy THC-drink maker Cultivauna, Bloomberg reports [more]
- Chinese authorities say Alibaba (BABA) employee abused multiple times, WSJ reports [more]
- State Street (STT) vacating Midtown Manhattan offices, WSJ reports [more]
4. MOVERS:
- Travere (TVTX) higher after announcing the results from its Phase 3 PROTECT study of sparsentan [more]
- Walmart (WMT) gains ahead of earnings after R5 Capital analyst Scott Mushkin upgraded the stock to Buy from Hold [more]
- PG&E (PCG) higher after RBC Capital analyst Shelby Tucker upgraded the stock to Outperform from Sector Perform with an unchanged price target of $14 [more]
- Sesen Bio (SESN) continues lower after reporting Friday afternoon that it received a Complete Response Letter from the FDA regarding the Biologics License Application for Vicineum [more]
- Paysafe (PSFE) and DouYu (DOYU) lower in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Oatly Group (OTLY) sees 2021 revenue exceeding consensus forecast [more]
- Clear Secure (YOU) reports not as steep as projected Q2 loss [more]
- LivaNova (LIVN) raises FY21 EPS view [more]
- DouYu (DOYU) reports Q2 adjusted loss not as steep as consensus forecast [more]
- Paysafe (PSFE) reports Q2 results, reaffirms FY21 revenue view [more]
INDEXES:
Near midday, the Dow was down 54.44, or 0.15%, to 35,460.94, the Nasdaq was down 135.41, or 0.91%, to 14,687.49, and the S&P 500 was down 14.89, or 0.33%, to 4,453.11.