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:
- General Electric (GE) announced plans to form three public companies focused on the sectors of aviation, healthcare, and energy [more]
- PayPal (PYPL) reported mixed Q3 results and announced that U.S. Venmo users will be able to pay with Venmo on Amazon.com (AMZN) next year [more]
- Luminar (LAZR) surges after lidar selected for Nvidia's (NVDA) autonomous vehicle platform [more]
- Roblox (RBLX) reported a 31% year-over-year increase in daily active users in Q3 [more]
- Danny Meyer's USHG Acquisition (HUGS) to become a conerstone partner with Panera Brands as the latter comes back to the public market [more]
2. WALL STREET CALLS:
- JPMorgan double upgrades New Relic (NEWR) on "big change for the positive" [more]
- Cinemark (CNK) upgraded to Outperform from Neutral at Credit Suisse [more]
- Fisker (FSR) initiated with an Outperform at Credit Suisse [more]
- Conduent (CNDT) downgraded to Hold from Buy at Needham [more]
- Craig-Hallum downgrades SmileDirectClub (SDC) to Sell, cuts target to $3 [more]
3. AROUND THE WEB:
- CoreSite Realty (COR) exploring options after takeover approaches, Reuters reports [more]
- Tesla (TSLA) will likely set up a second EV factory in Shanghai, DigiTimes reports [more]
- Philip Morris (PM) told the FDA that IQOS is "unique," CNBC says [more]
- Netflix (NFLX) will launch a new short clip feature to attract children, Bloomberg reports [more]
- Starbucks (SBUX) is looking to delay a union election at three Buffalo-area stores, NY Times reports [more]
4. MOVERS:
- EVgo (EVGO) surges after after announcing fast charging program expansion with General Motors (GM) and Uber (UBER) [more]
- Pretium Resources (PVG) rises after agreeing to be acquired by Newcrest Mining (NCMGY) for C$18.50 per share [more]
- New Relic (NEWR) higher after reporting quarterly results [more]
- Robinhood (HOOD) falls after announcing a data security incident [more]
- Workhorse Group (WKHS) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Palantir (PLTR) reported upbeat Q3 revenue, in-line earnings [more]
- Five9 (FIVN) provided upbeat Q4 and FY21 guidance [more]
- Lemonade (LMND) provided a "beat and raise" report for Q3 and agreed to acquire Metromile (MILE) in a roughly $500M deal [more]
- SeaWorld (SEAS) reported downbeat Q3 results [more]
- Blue Apron (APRN) also reported lower-than-expected Q3 results [more]
INDEXES:
Near midday, the Dow was down 238.13, or 0.65%, to 36,194.09, the Nasdaq was down 110.43, or 0.69%, to 15,871.93, and the S&P 500 was down 27.29, or 0.58%, to 4,674.41.