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:
- Johnson & Johnson (JNJ) said its booster shot at two months provided 94% COVID-19 protection in the U.S. [more]
- Entain (GMVHF) confirmed receipt of a takeover proposal from DraftKings (DKNG) that CNBC's David Faber reported this morning is worth $20B [more]
- Shell (RDS.A) agreed to sell its Permian interest to ConocoPhillips (COP) for $9.5B [more]
- U.S. Bancorp (USB) agreed to acquire MUFG Union Bank (MUFG) for $8B in cash and stock [more]
- Walgreens (WBA) announced a $970M investment in specialty pharma care firm Shields [more]
2. WALL STREET CALLS:
- Vail Resorts (MTN) upgraded to Overweight from Sector Weight at KeyBanc [more]
- Jefferies upgrades Steven Madden (SHOO) to Buy on "best-in-class" supply chain [more]
- Big Lots (BIG) downgraded to Neutral from Overweight at Piper Sandler [more]
- Bausch Health (BHC) has 50% upside based on sum-of-the-parts, says JPMorgan [more]
- Apple (AAPL) iPhone 13 initial waits extended versus 12 cycle, says Credit Suisse [more]
3. AROUND THE WEB:
- The FDA is expected to announce a Pfizer (PFE) booster decision tomorrow, Bloomberg reports [more]
- The DOJ will challenge the alliance between American Air (AAL) and JetBlue (JBLU) as anticompetitive, WSJ says [more]
- Elliott Management has quietly reduced its stake in SoftBank (SFTBY), NY Post reports [more]
- Byron Allen is teaming up with Ares to bid $23 per share for Tegna (TGNA), Bloomberg says [more]
- Netflix (NFLX) is nearing a deal to acquire the catalog of late British novelist Roald Dahl, Bloomberg reports [more]
4. MOVERS:
- Disney (DIS) down after CEO Bob Chapek discussed Disney+ trends at the Goldman Sachs Communacopia conference [more]
- Rekor Systems (REKR) higher after announcing the pilot deployment of its traffic management technology with the Utah Department of Transportation and Utah Department of Public Safety [more]
- Upstart (UPST) rises after WSFS Bank (WSFS) announced it launched a digital personal loans product powered by Upstart [more]
- Alcoa (AA) declines after announcing plans to restart aluminum smelting capacity at Alumar in Brazil [more]
- Teck Resources (TECK) falls in New York after providing an update on its 2021 production guidance [more]
5. EARNINGS/GUIDANCE:
- Lennar (LEN) reported mostly in-line Q3 results [more]
- Neogen (NEOG) reported better than expected Q1 revenue [more]
- Conformis (CFMS) lowered its Q3 product revenue guidance [more]
- Uber (UBER) raised its Q3 adjusted EBITDA view, said it saw company's first months of Adjusted EBITDA profitability in July and August 2021 [more]
- AutoZone (AZO) reported upbeat Q4 results [more]
INDEXES:
The Dow fell 50.63, or 0.15%, to 33,919.84, the Nasdaq gained 32.49, or 0.22%, to 14,746.40, and the S&P 500 declined 3.54, or 0.081%, to 4,354.19.