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:
- UnitedHealth (UNH) provided a "beat and raise" report for Q3 [more]
- Walgreens Boots Alliance (WBA) reported upbeat Q4 results and made a $5.2B investment in VillageMD [more]
- Big banks including Citi (C), Morgan Stanley (MS), Wells Fargo (WFC), and Bank of America (BAC) all reported quarterly results this morning [more]
- Domino's Pizza (DPZ) reported lower than expected Q3 sales [more]
- TSMC (TSM) reported upbeat Q3 results [more]
2. WALL STREET CALLS:
- UPS (UPS) upgraded to Buy from Hold at Stifel [more]
- Morgan Stanley downgrades Avis (CAR) to sell on "premature" multiple re-rating [more]
- AT&T (T) upgraded to Sector Weight from Underweight at KeyBanc [more]
- Morgan Stanley downgrades Wayfair (W) to sell on declining near term sales [more]
- Morgan Stanley downgrades Bed Bath & Beyond (BBBY) to sell ahead of category declines [more]
3. AROUND THE WEB:
- TSMC (TSM) plans to build a new chip plant in Japan, WSJ reports [more]
- Boeing (BA) has found flaws with fasteners in certain 787 jets, Bloomberg reports [more]
- McDonald's (MCD) will test a meatless McPlant burger in eight U.S. restaurants, CNBC says [more]
- An Amazon (AMZN) executive addressed complaints about "toxic" culture in a leaked email, Business Insider reports [more]
- Union Pacific (UNP) will require U.S. workers to be vaccinated for COVID-19 by December 8, Reuters reports [more]
4. MOVERS:
- NRx Pharmaceuticals (NRXP) surges after publishing results form its aviptadil trial in patients with critical COVID-19 [more]
- Helbiz (HLBZ) rises after reaching an agreement with the National Football League to broadcast NFL content throughout Italy [more]
- Horizon Acquisition (HZAC) higher after announcing a PIPE investment by DraftKings (DKNG) [more]
- Codexis (CDXS) falls after revealing Pfizer (PFE) as a recent customer [more]
- Acadia (ACAD) lower after Morgan Stanley analyst Jeffrey Hung downgraded the stock to Equal Weight [more]
5. EARNINGS/GUIDANCE:
- OrthoPediatrics (KIDS) provided conservative revenue guidance for Q3 [more]
- Progressive (PGR) reported downbeat Q3 earnings [more]
- Heartland Express (HTLD) reported upbeat Q3 earnings [more]
- Commercial Metals (CMC) reported lower than expected Q4 results [more]
- U.S. Bancorp (USB) reported better than expected Q3 results [more]
INDEXES:
Near midday, the Dow was up 514.34, or 1.50%, to 34,892.15, the Nasdaq was up 244.33, or 1.68%, to 14,815.96, and the S&P 500 was up 69.15, or 1.58%, to 4,432.95.