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:
- Moderna (MRNA) reported "positive" interim data from the KidCOVE study of its COVID-19 vaccine in children [more]
- PayPal (PYPL) said it is not pursuing a Pinterest (PINS) acquisition "at this time" [more]
- Tesla (TSLA) market cap exceeded $1T after Hertz (HTZZ) announced an initial 100,000-vehicle order with the EV maker [more]
- Kimberly-Clark (KMB) declines after reporting quarterly results [more]
- Restaurant Brands (QSR) reported downbeat Q3 results [more]
2. WALL STREET CALLS:
- Micron (MU) initiated with an Underperform at Bernstein [more]
- Goldman started Warby Parker (WRBY) with a Buy, while analysts at Morgan Stanley and Evercore were less bullish on the current valuation [more]
- Citi downgrades Carnival (CCL) to Neutral, sees more upside in Norwegian (NCLH) [more]
- Whirlpool (WHR) downgraded to Underperform from Sector Perform at RBC Capital [more]
- Five9 (FIVN) upgraded to Overweight from Sector Weight at KeyBanc [more]
3. AROUND THE WEB:
- Citron Research put a $55 price target on Marqeta (MQ) [more]
- Spruce Point started Heska (HSKA) with a "Strong Sell," sees 50%-60% downside risk [more]
- A Facebook (FB) test account was radicalized "within days" in 2019, NBC News reports [more]
- Exxon Mobil (XOM) is considering pay increases to halt "major" attrition, Bloomberg reports [more]
- Iceberg Research announced a short position in Digital World Acquisition (DWAC) [more]
4. MOVERS:
- Bakkt Holdings (BKKT) surges after announcing crypto partnerships with MasterCard (MA) and Fiserv (FISV) [more]
- XPeng (XPEV) higher in New York after revealing plans to develop flying cars and smart robots [more]
- Aurinia Pharmaceuticals (AUPH) rises in New York after Bloomberg reported Friday night that Bristol-Myers (BMY) has expressed interest in buying the company [more]
- Tellurian (TELL) gains after announcing it will transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American [more]
- Revance (RVNC) lower after Wells Fargo analyst Jacob Hughes downgraded the stock to Equal Weight [more]
5. EARNINGS/GUIDANCE:
- MagnaChip (MX) reported upbeat Q3 earnings and revenue [more]
- Lennox (LII) reported downbeat Q3 results [more]
- Community Financial (TCFC) reported better than expected Q3 earnings [more]
- HNI Corporation (HNI) provided Q4 revenue growth guidance [more]
- HSBC (HSBC) also reported upbeat Q3 earnings [more]
INDEXES:
The Dow rose 64.13, or 0.18%, to 35,741.15, the Nasdaq gained 136.51, or 0.90%, to 15,226.71, and the S&P 500 advanced 21.58, or 0.47%, to 4,566.48.