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) provided a "beat and raise" report for Q3 and said it plans to file for full approval of its COVID-19 vaccine [more]
- Travelers (TRV) reported better than expected Q3 core earnings and revenue [more]
- Procter & Gamble (PG) reiterated FY22 earnings and revenue growth guidance [more]
- Atea (AVIR) plunged after its Phase 2 MOONSONG trial of a potential COVID-19 treatment did not meet its primary endpoint [more]
- Steel Dynamics (STLD) reported upbeat Q3 results [more]
2. WALL STREET CALLS:
- Walmart (WMT) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
- Target (TGT) downgraded to Buy from Conviction Buy at Goldman Sachs [more]
- Albemarle (ALB) upgraded to Outperform from Sector Perform at RBC Capital [more]
- JPMorgan sees Q4 beat for Apple (AAPL) with "deja-vu" guidance for Q1 [more]
- Wedbush downgrades Zillow Group (ZG) to Neutral on Zillow Offers purchases pause [more]
3. AROUND THE WEB:
- The SEC's GameStop (GME) report reviews issues with "game-like" brokerage apps, WSJ reports [more]
- Information on alleged collusion between Facebook (FB) and Google (GOOGL) will go public, NY Post reports [more]
- Microsoft's (MSFT) Xbox boss Phil Spencer said that Xbox Game Studios is "definitely not done" with acquisitions, The Verge says [more]
- Credit Suisse (CS) is in talks with the DOJ to settle a probe into its role in a Mozambique bond scandal, Bloomberg reports [more]
- The FDA may act this week on mix-and-match for COVID-19 vaccines, NY Times says [more]
4. MOVERS:
- Energous (WATT) rises after gaining FCC approval for its Active Energy Harvesting transmitter technology [more]
- Merck (MRK) higher after Atea's (AVIR) COVID drug missed its target in a Phase 2 study [more]
- Galera Therapeutics (GRTX) plunges after its Phase 3 ROMAN trial did not meet its primary endpoint [more]
- dLocal (DLO) slips after filing to sell 16M shares of common stock [more]
- TaskUs (TASK) lower after filing to sell 10M shares of common stock [more]
5. EARNINGS/GUIDANCE:
- EverQuote (EVER) lowered its Q3 revenue guidance [more]
- Philip Morris (PM) reported upbeat Q3 results [more]
- Halliburton (HAL) reported better than expected Q3 adjusted earnings [more]
- Kansas City Southern (KSU) reported downbeat Q3 earnings [more]
- ManpowerGroup (MAN) provided Q4 earnings guidance [more]
INDEXES:
Near midday, the Dow was up 177.74, or 0.50%, to 35,436.35, the Nasdaq was up 99.74, or 0.66%, to 15,121.55, and the S&P 500 was up 30.28, or 0.67%, to 4,516.74.