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:
- IAC's (IAC) Dotdash will acquire Meredeith's (MDP) National Media Group for $42.18 per share [more]
- Twitter (TWTR) will sell MoPub to AppLovin (APP) for $1.05B in cash [more]
- Pfizer (PFE) and BioNTech (BNTX) officially submitted an EUA request to the FDA for their COVID-19 vaccine for children [more]
- Citrix (CTXS) named Bob Calderoni as its interim CEO [more]
- Funds managed by Blackstone Capital (BX) signed a definitive agreement with EQT VII fund and KHF to acquire a majority stake in VFS Global [more]
2. WALL STREET CALLS:
- Square (SQ) assumed with Buy from Hold at Jefferies [more]
- Goldman upgrades Nio (NIO) to Buy on ET7's potential, sees 65% upside [more]
- Morgan Stanley upgrades Five Below (FIVE) to Overweight on "overblown" concerns [more]
- MoffettNathanson upgrades AT&T (T) to Neutral after "blood-letting"' of shares [more]
- Pinnacle West (PNW) downgraded to Sell from Buy at Guggenheim [more]
3. AROUND THE WEB:
- Emerson (EMR) is in talks over a potential tie-up with Aspen Technology (AZPN), Bloomberg says [more]
- Short seller Bear Cave sees "problems" at Joint Corp. (JYNT) [more]
- Apple (AAPL) is developing technology to expand its reach within cars, Bloomberg reports [more]
- The Netherlands is demanding that Apple change its in-app payment system, Reuters says [more]
- Faraday Future (FFIE) was named as a short idea by J Capital Research [more]
4. MOVERS:
- Rocket Lab (RKLB) rises after announcing that it has been selected to launch NASA's Advanced Composite Solar Sail System, or ACS3, on the Electron launch vehicle [more]
- Merus (MRUS) jumps after presenting early clinical data on MCLA-158 [more]
- New Fortress (NFE) higher after Scotiabank analyst Alonso Guerra-Garcia said the stock should be bought ahead of earnings [more]
- Osmotica Pharmaceuticals (OSMT) falls after a 14M share spot secondary priced at $2.50 [more]
- NeuroRx (NRXP) lower after Relief Therapeutics (RLFTF) announced that it has filed a lawsuit against the company and its CEO, Jonathan Javitt, for multiple breaches of the collaboration agreement between Relief and NeuroRx relating to the development and commercialization of RLF-100 [more]
5. EARNINGS/GUIDANCE:
- Citrix (CTXS) updated its Q3 revenue guidance [more]
- Conagra Brands (CAG) reaffirmed its FY22 adjusted earnings guidance [more]
- Levi Strauss (LEVI) reported upbeat Q3 results [more]
- Resources Connection (RGP) also reported upbeat quarterly results [more]
- Lamb Weston (LW) reported downbeat Q1 results [more]
INDEXES:
Near midday, the Dow was up 514.97, or 1.50%, to 34,931.96, the Nasdaq was up 241.08, or 1.66%, to 14,742.99, and the S&P 500 was up 61.15, or 1.40%, to 4,424.70.