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:
- Netflix (NFLX) reported better than expected Q3 earnings, including 4.38M global streaming paid net additions [more]
- Novavax (NVAX) said to be running into production issues with COVID-19 vaccine, which company denies [more]
- Verizon (VZ) reported Q3 results and raised its FY21 adjusted earnings guidance [more]
- Micron (MU) will invest over $150B in manufacturing and R&D investments [more]
- United Airlines (UAL) reported upbeat Q3 results [more]
2. WALL STREET CALLS:
- Deutsche Bank downgrades Netflix (NFLX) on valuation, keeps $590 price target [more]
- Ford (F) upgraded to Outperform from Neutral at Credit Suisse [more]
- Mizuho downgraded Qorvo (QRVO), Micron (MU) and Western Digital (WDC), all to Neutral from Buy [more]
- Guggenheim downgraded four solar stocks, including First Solar (FSLR), to Neutral on rising estimate risk [more]
- Synchrony (SYF) downgraded to Neutral from Overweight at JPMorgan [more]
3. AROUND THE WEB:
- PayPal (PYPL) is exploring a possible acquisition of Pinterest (PINS) for around $70 per share, Bloomberg says [more]
- Facebook (FB) is planning on changing its name to reflect its new metaverse focus, The Verge reports [more]
- The new Exxon Mobil (XOM) board is questioning some planned investments, WSJ reports [more]
- DuPont (DD) and Chemours (CC) have downplayed the dangers of their chemicals, NY Times reports [more]
- White Diamond issued a short report on NextPlay Technologies (NXTP) [more]
4. MOVERS:
- Radius Health (RDUS) higher after saying its EMERALD trial met both its primary endpoints [more]
- Rite Aid (RAD) rises after Deutsche Bank raised the firm’s price target on the stock to $15 from $13 [more]
- Canadian National Railway (CNI) gains in New York after reporting quarterly results [more]
- ATI Physical Therapy (ATIP) lower after CJS Securities analyst Larry Solow downgraded the stock to Market Perform from Outperform [more]
- Healthcare Services (HCSG) falls after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Biogen (BIIB) provided a "beat and raise" report for Q3 [more]
- Brinker (EAT) reported downbeat Q1 earnings excluding items [more]
- Abbott (ABT) also provided a "beat and raise" report for Q3 [more]
- Canadian Pacific (CP) reiterated 2021 earnings growth guidance [more]
- Anthem (ANTM) issued a "beat and raise" report for Q3 as well [more]
INDEXES:
The Dow rose 152.03, or 0.43%, to 35,609.34, the Nasdaq lost 7.41, or 0.049%, to 15,121.68, and the S&P 500 advanced 16.56, or 0.37%, to 4,536.19.