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:
- Moderna (MRNA) said that clinical data supports the benefits of a booster dose of its COVID-19 vaccine [more]
- Pfizer (PFE) CEO Albert Bourla said that time from vaccination is seen as a likely factor in breakthrough COVID-19 cases [more]
- Texas Instruments (TXN) raised its quarterly dividend 13% to $1.15 per share [more]
- Timken (TKR) expects lower sales and earnings in the second half of year as a result of supply chain disruptions and manufacturing inefficiencies [more]
- Ford (F) is investing $250M into F-150 Lightning truck production [more]
2. WALL STREET CALLS:
- Piper Sandler says sell Beyond Meat (BYND) as estimates appear too high [more]
- Fisker (FSR) downgraded to Neutral, Lordstown Motors (RIDE) cut to Underperform at BofA amid "fierce" competition in EV space [more]
- Cisco (CSCO) upgraded to Outperform from Neutral at Credit Suisse after analyst day meeting [more]
- DoorDash (DASH) upgraded to Buy at BofA on non-restaurant ordering opportunity [more]
- Melco Resorts (MLCO), Las Vegas Sands (LVS), and Wynn Resorts (WYNN) all downgraded to Neutral at JPMorgan on Macau uncertainty [more]
3. AROUND THE WEB:
- Teck Resources (TECK) has been approached by Glencore (GLNCY) and Lundin (LUNMF) as it weighs options for its core coal business, Globe & Mail reports [more]
- DoorDash (DASH) will deliver alcohol in the U.S., Canada, and Australia, TechCrunch reports [more]
- Clear Secure (YOU) is "consistently unprofitable" with "poor economics," Bear Cave short report says [more]
- Executives from Exxon (XOM), Shell (RDS.A), BP (BP) and others have been called to testify in Congress on climate disinformation, NY Times reports [more]
- Bluerock Residential (BRG) is exploring options, including a sale, Bloomberg reports [more]
4. MOVERS:
- Luokung (LKCO) higher after announcing its operating affiliate eMapgo Technology has signed a cooperation agreement with Microsoft (MFST) to launch autonomous driving services for automakers [more]
- IronNet (IRNT) increases as highest trending ticker on the WallStreetBets Reddit thread and also in the top-10 on StockTwists in terms of message volume in the last 24 hours [more]
- Rush Street Interactive (RSI) rises after Action Network reported online sports retailer Fanatics met with Betsson (BTSNF) and the company to execute its sports betting operation plan [more]
- Aerie Pharmaceuticals (AERI) declines after reporting it did not meet statistical significance in its Phase 2b clinical study COMET-1 for AR-15512 [more]
- MacroGenics (MGNX) lower after announcing preliminary safety and anti-tumor activity data from dose expansion cohorts of the company's Phase 1 clinical trial of MGC018 and after reporting the results from its Phase 2/3 MAHOGANY clinical trial of margetuximab [more]
5. EARNINGS/GUIDANCE:
- ASGN (ASGN) provided lower than expected FY21 revenue guidance [more]
- Nucor (NUE) provided upbeat Q3 earnings guidance [more]
- InterDigital (IDCC) also provided upbeat Q3 guidance [more]
- Roth says 2022 will be "value-inflection point" for Rezolute (RZLT) after company's Q4 report [more]
- Cisco (CSCO) sees revenue CAGR of 5%-7% to FY25 [more]
INDEXES:
The Dow fell 63.07, or 0.18%, to 34,751.32, the Nasdaq gained 20.40, or 0.13%, to 15,181.92, and the S&P 500 declined 6.95, or 0.16%, to 4,473.75.