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 FDA has approved Pfizer (PFE) and BioNTech's (BNTX) COVID-19 vaccine booster for certain populations [more]
- Dell Technologies (DELL) announced approval of a $5B share repurchase plan and guided for 3%-4% CAGR through FY26 [more]
- GE (GE) will acquire advanced surgical visualization firm BK Medical for $1.45B [more]
- Salesforce (CRM) raised its FY22 revenue guidance ahead of its investor day presentation [more]
- Twitter (TWTR) said that a tipping feature is rolling out to everyone, now with a Bitcoin option [more]
2. WALL STREET CALLS:
- Tudor Pickering Holt says sell Tesla (TSLA), buy Fisker (FSR) as firm rolls out EV coverage [more]
- Roku (ROKU) upgraded to Buy on "robust" connected TV growth at Guggenheim [more]
- L3Harris Technologies (LHX) and Woodward (WWD) downgraded to Sell at Goldman Sachs amid defense sector ratings shake-up [more]
- Morgan Stanley downgrades Trimble (TRMB) to Underweight, sees near-term overestimated [more]
- JPMorgan downgrades Vipshop (VIPS) to Neutral despite 50% share correction [more]
3. AROUND THE WEB:
- MGM Resorts (MGM) is unlikely to bid for all of Entain (GMVHF), Bloomberg reports [more]
- Facebook (FB) has been ordered to hand over records on shut down Myanmar accounts, WSJ says [more]
- ConocoPhillips (COP) is offering to sell some secondary U.S. oil properties, Reuters reports [more]
- Google (GOOGL) is looking to settle with the EU over a digital antitrust ad probe, Reuters says [more]
- Honda (HMC) plans to roll out vehicles fitted with Android Automotive in 2022, The Verge reports [more]
4. MOVERS:
- PAVmed (PAVM) jumps after subsidiary Lucid Diagnostics (LUCD) filed for a proposed IPO [more]
- Joby Aviation (JOBY) rises after Morgan Stanley analyst Kristine Liwag initiated coverage of Joby with an Overweight rating [more]
- Eargo (EAR) sinks after disclosing a DOJ criminal investigation [more]
- Altice USA (ATUS) falls after guiding for "negative" Internet net adds for Q3 [more]
- Steelcase (SCS) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Darden (DRI) provided a "beat and raise" report for Q1 [more]
- Rite Aid (RAD) cut its FY22 adjusted earnings guidance [more]
- BlackBerry (BB) reported Q2 results that sent stock higher, but TD analyst called "low-quality" [more]
- Brink's (BCO) lowered its 2021 revenue guidance [more]
- Accenture (ACN) provided Q1 and FY22 guidance after a mixed Q4 report [more]
INDEXES:
The Dow rose 506.50, or 1.48%, to 34,764.82, the Nasdaq gained 155.40, or 1.04%, to 15,052.24, and the S&P 500 advanced 53.34, or 1.21%, to 4,448.98.