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:
- Facebook (FB) CEO Mark Zuckerberg said idea that company prioritizes profit over safety and well-being "just not true" [more]
- Southwest Gas (SWX) agreed to acquire Questar Pipelines from Dominion Energy (D) for $1.545B [more]
- Constellation Brands (STZ) reported mixed Q2 results [more]
- General Motors (GM) sees doubling annual revenues by 2030 with increased margins [more]
- Starboard's Jeff Smith said he has had "very good" conversations with Huntsman (HUN), also names Elanco (ELAN) and Colfax (CFX) as investment ideas [more]
2. WALL STREET CALLS:
- Morgan Stanley cuts Seagate (STX) to Equal Weight amid IT Hardware industry downgrade [more]
- American Airlines (AAL) downgraded to Sell from Neutral at Goldman Sachs [more]
- U.S. Steel (X) downgraded to Sell from Neutral at Goldman Sachs [more]
- Citi would be sellers of Palantir (PLTR) amid rally, says Army contract not new [more]
- Martin Marietta (MLM) Vulcan Materials (VMC) both upgraded to Buy at Loop Capital [more]
3. AROUND THE WEB:
- Scorpion Capital called Ginkgo Bioworks (DNA) a "colossal scam" in a short report [more]
- Boeing (BA) is set to unveil an air-freight version of its 777X jetliner, Bloomberg reports [more]
- Nvidia (NVDA) has offered concessions to the EU for its proposed $54B Arm deal, Reuters says [more]
- Jana is calling for Macy's (M) to spin off its e-commerce business, Bloomberg says [more]
- Facebook (FB) is slowing new products for "reputational reviews," WSJ reports [more]
4. MOVERS:
- Palantir Technologies (PLTR) up after being selected by the U.S. Army to deliver the Army’s intelligence data fabric and analytics foundation from the Capability Drop 2 program [more]
- Affirm (AFRM) jumps after Target (TGT) announced partnering with Affirm and Sezzle on buy now, pay later payment options for holidays [more]
- The RealReal (REAL) higher after reporting its September gross merchandise volume [more]
- Manchester United (MANU) lower in New York after announcing a 9.5M share offering priced at $17.50 [more]
- Gogo (GOGO) falls after Morgan Stanley analyst Landon Park downgraded the stock to Underweight with a $14 price target [more]
5. EARNINGS/GUIDANCE:
- Acuity Brands (AYI) reported better than expected Q4 results [more]
- Nu Skin (NUS) lowered its Q3 revenue guidance [more]
- RPM (RPM) reported upbeat Q1 results [more]
- Saratoga Investment (SAR) reported better than expected Q2 earnings [more]
- Voyager Digital (VYGVF) provided Q1 revenue guidance [more]
INDEXES:
The Dow rose 102.32, or 0.30%, to 34,416.99, the Nasdaq gained 68.08, or 0.47%, to 14,501.91, and the S&P 500 advanced 17.83, or 0.41%, to 4,363.55.