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:
- The judge in the antitrust fight between Apple (AAPL) and Epic Games issued a ruling, finding in favor of Epic on the Tenth Count for violation of California's Unfair Competition Law, with a separate injunction, and in favor of defendant Apple on all other counts [more]
- Bank of America (BAC) added five new members to its senior management team, including naming Alastair Borthwick its new CFO [more]
- Affirm (AFRM) reported upbeat Q4 revenue [more]
- Apellis (APLS) shares are sliding after its Phase 3 DERBY study of pegcetacoplan did not meet its primary endpoint [more]
- Zscaler (ZS) reported better than expected Q4 earnings and revenue [more]
2. WALL STREET CALLS:
- Cigna (CI) downgraded to Underperform from Buy at BofA [more]
- Credit Suisse downgrades Freeport McMoRan (FCX) to sell on copper price risk [more]
- Editas Medicine (EDIT) upgraded to Outperform from Perform at Oppenheimer [more]
- Fresenius Medical (FMS) downgraded to Underweight from Neutral at JPMorgan [more]
- American Tower (AMT), Crown Castle (CCI) and Equinix (EQIX) each downgraded to Perform from Outperform at Oppenheimer [more]
3. AROUND THE WEB:
- Apple (AAPL) plans to boost its output of new TV shows and movies in 2022, The Information reports [more]
- Bausch Health (BHC) will pay $300M to settle a Glumetza antitrust suit, Reuters reports [more]
- Facebook (FB) is developing a machine learning chip, The Information says [more]
- Sonos (SONO) is raising prices on most of its products on September 12, Engadget reports [more]
- DigitalBridge (DBRG) is exploring the sale of its Latin America telecom tower owner, Bloomberg reports [more]
4. MOVERS:
- Endo (ENDP) surges after it settled New York state opioid cases for a total payment of $50M [more]
- S&W Seed (SANW) rises after entering into a U.S. stevia pilot production supply agreement with Ingredion (INGR) [more]
- UP Fintech (TIGR) higher after reporting quarterly results [more]
- Impel NeuroPharma (IMPL) falls after its 3M share secondary offering priced at $15.00 [more]
- American Outdoor Brands (AOUT) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Albemarle (ALB) reiterated its FY21 earnings and revenue guidance [more]
- Kroger (KR) provided a "beat and raise" report for Q2 [more]
- Dave & Buster's (PLAY) reported upbeat Q2 results [more]
- Take-Two (TTWO) reiterated its FY22 earnings guidance along with stating that expanded and enhanced versions of Grand Theft Auto V and Grand Theft Auto Online have been delayed [more]
- Teradata (TDC) provided downbeat FY22 earnings guidance [more]
INDEXES:
The Dow fell 271.66, or 0.78%, to 34,607.72, the Nasdaq lost 132.76, or 0.87%, to 15,115.49, and the S&P 500 declined 34.70, or 0.77%, to 4,458.58.