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:
- Pfizer (PFE) reported that its COVID-19 oral antiviral reduced risk of hospitalization or death by 89% in a recent interim analysis of a study, sending its shares higher and rival Merck's (MRK) lower [more]
- Uber (UBER) reported upbeat Q3 revenue [more]
- Peloton (PTON) reported downbeat Q1 results and provided worse than expected guidance for Q2 and FY22 [more]
- Square (SQ) reported downbeat Q3 earnings and revenue [more]
- Kroger (KR) said that a press release saying the company is accepting bitcoin for the holiday season is incorrect [more]
2. WALL STREET CALLS:
- Peloton (PTON) gets no less than six downgrades after earnings [more]
- Citrix (CTXS) downgraded to Underweight on increased uncertainty at Morgan Stanley [more]
- Skyworks (SWKS) downgraded to Hold from Buy at Summit Insights [more]
- Shake Shack (SHAK) upgraded to Buy from Neutral at BTIG [more]
- Nikola (NKLA) downgraded to Neutral from Buy at BTIG [more]
3. AROUND THE WEB:
- Prescience Point said it is long Penn National (PENN), sees "huge dislocation" [more]
- JPMorgan's (JPM) refusal to raise its bid for Hertz (HTZZ) in May cost co-investors, NY Post says [more]
- Intel (INTC) will buy Centaur Technology for $125M, DigiTimes reports [more]
- Boeing (BA) investors reached a settlement in a 737 MAX board oversight suit, WSJ reports [more]
- McAfee in advanced talks to be taken private, Bloomberg says [more]
4. MOVERS:
- Lionsgate (LGF.A) surges after saying it is exploring potential alternatives for STARZ [more]
- TripAdvisor (TRIP) rises after saying it will engage in a EUR2M promotional collaboration with Atout France [more]
- Expedia (EXPE), Shake Shack (SHAK), and Endo (ENDP) higher after reporting quarterly results [more]
- Deciphera (DCPH) falls after announcing its INTRIGUE study missed its primary endpoint [more]
- Emergent BioSolutions (EBS) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- GoPro (GPRO) reported upbeat Q3 results [more]
- DraftKings (DKNG) reported downbeat Q3 results [more]
- Airbnb (ABNB) reported upbeat Q3 earnings and revenue [more]
- Pinnacle West (PNW) provided upbeat FY21 earnings guidance [more]
- Pinterest (PINS) reported better than expected Q3 results [more]
INDEXES:
The Dow rose 203.72, or 0.56%, to 36,327.95, the Nasdaq gained 31.28, or 0.20%, to 15,971.59, and the S&P 500 advanced 17.47, or 0.37%, to 4,697.53.