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:
- Tesla (TSLA) reported better than expected Q3 results [more]
- AT&T (T) also reported upbeat quarterly earnings and revenue [more]
- IBM (IBM) shares fell after the company reported a Q3 revenue miss [more]
- Pfizer (PFE) and BioNTech (BNTX) said their COVID-19 vaccine booster restores efficacy to 95.6% in a clinical trial [more]
- Digital World Acquisition (DWAC) shares quadrupled in price after the special purpose acquisition company announced a deal to bring Trump Media & Technology Group public [more]
2. WALL STREET CALLS:
- LivePerson (LPSN) downgraded to Underweight from Overweight at Barclays [more]
- Prologis (PLD) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
- Denny's (DENN) upgraded to Buy from Hold at Truist [more]
- SVB Leerink downgrades TCR2 (TCRR) on "protracted road" to recovery [more]
- Vale (VALE) double-downgraded to Underperform from Outperform at RBC Capital [more]
3. AROUND THE WEB:
- China's internet watchdog has suggested that Didi Global (DIDI) explore a Hong Kong listing, WSJ reports [more]
- Amazon (AMZN) employee group in New York intends to vote on unionization, WSJ says [more]
- Micron (MU) is considering setting up a new DRAM fab in Japan, DigiTimes reports [more]
- Intel (INTC) ended talks with chip designer SiFive without a deal, Bloomberg reports [more]
- Rogers (RCI) chairman Edward Rogers is seeking to replace five board members, Bloomberg says [more]
4. MOVERS:
- TriState Capital (TSC) higher after entering into a definitive agreement to be acquired by Raymond James Financial (RJF) and after reporting its quarterly results [more]
- Kadmon (KDMN) rises after noting neither Sanofi (SNY) nor the company received a standard form letter from the Federal Trade Commission Bureau of Competition during the HSR waiting period, which expired October 20 [more]
- Skillz (SKLZ) gains after appointing former Amazon (AMZN) executive Vatsal Bhardwaj as Chief Production Officer [more]
- Match Group (MTCH), other app developers jump after Google cuts services fees on subscriptions [more]
- Shapeways (SHPW) falls after filing to sell 35.5M shares of its common stock [more]
5. EARNINGS/GUIDANCE:
- AutoNation (AN) reported upbeat Q3 results [more]
- Crocs (CROX) also reported better than expected Q3 results [more]
- Equifax (EFX) raised its FY21 adjusted earnings and revenue guidance [more]
- Freeport McMoRan (FCX) reported upbeat Q3 adjusted earnings [more]
- Union Pacific (UNP) also reported upbeat Q3 results [more]
INDEXES:
The Dow fell 6.26, or 0.018%, to 35,603.08, the Nasdaq gained 94.02, or 0.62%, to 15,215.70, and the S&P 500 advanced 13.59, or 0.30%, to 4,549.78.