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:
- Kansas City Southern's (KSU) board of directors determined that Canadian Pacific's (CP) acquisition proposal is superior to Canadian National's (CNI) bid [more]
- A Walmart (WMT) spokesperson told Bloomberg that the company has no partnership with Litecoin ($LTC), as claimed in a fake press release [more]
- 3M (MMM) said that inflation was "higher than we even thought" in Q3 [more]
- Virgin Galactic (SPCE) expects to open the flight window for Unity 23 in mid-October [more]
- Dynavax (DVAX) announced that Valneva SE has received a termination notice from the United Kingdom Government in relation to Valneva's supply agreement for its COVID-19 vaccine candidate VLA2001 [more]
2. WALL STREET CALLS:
- Twitter (TWTR), Airbnb (ABNB) slide after Goldman says sell, rolls out coverage on other Internet names as well [more]
- BTIG downgrades Nike (NKE) to Neutral on "severe supply chain disruptions" in Vietnam [more]
- Check Point (CHKP) downgraded to Sell from Neutral at Goldman Sachs [more]
- NGM Biopharmaceuticals (NGM) upgraded to Strong Buy from Outperform at Raymond James [more]
- Dell Technologies (DELL) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
3. AROUND THE WEB:
- Pfizer's (PFE) COVID-19 vaccine shot could be authorized for children aged 5-11 in October, Reuters says [more]
- Chinese regulators are seeking to break up Ant Financial's (BABA) Alipay, FT says [more]
- Qualcomm (QCOM) formalized a $37 per share bid for Veoneer (VNE), Bloomberg reports [more]
- Carlyle Group (CG) is considering a $6B sale or IPO for Novolex, Bloomberg says [more]
- Intel (INTC) is offering more competitive pricing for CPUs, DigiTimes reports [more]
4. MOVERS:
- Leap Therapeutics (LPTX) surges after announcing initial overall response rates data from the first-line cohort of the DisTinGuish study [more]
- Aterian (ATER) rises as the stock is in the top five highest trending tickers on StockTwits in terms of message volume over the past 24 hours [more]
- Napco Security (NSSC) higher after reporting quarterly results [more]
- Farmmi (FAMI) drops after filing to sell 368.26M shares of common stock [more]
- Crowdstrike (CRWD) lower after Goldman Sachs analyst Brian Essex downgraded the stock to Neutral from Buy [more]
5. EARNINGS/GUIDANCE:
- NuVasive (NUVA) expects net sales in Q3 to be sequentially lower from Q2 [more]
- AgileThought (AGIL) provided FY21 revenue guidance [more]
- Newegg (NEGG) provided FY21 revenue guidance [more]
- Abcam (ABCM) reported year-over-year growth in H2 earnings [more]
- Altus Group (ASGTF) provided revenue guidance for Q3 and 2021 [more]
INDEXES:
Near midday, the Dow was up 235.94, or 0.68%, to 34,843.66, the Nasdaq was down 27.35, or 0.18%, to 15,088.15, and the S&P 500 was up 2.25, or 0.05%, to 4,460.83.