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:
- Disney (DIS) reported downbeat Q4 results, with Disney+ subscriber count falling short of expectations [more]
- Affirm (AFRM) reported upbeat Q3 revenue [more]
- Tesla (TSLA) CEO Elon Musk sold over 900,000 common shares of the company [more]
- Honest Company (HNST) reported upbeat Q3 revenue [more]
- Yeti (YETI) provided "beat and raise" report for Q3 [more]
2. WALL STREET CALLS:
- Atlantic Equities downgraded Disney (DIS) to Neutral on slowing DTC subscriber growth [more]
- Bernstein downgraded Beyond Meat (BYND) to Market Perform [more]
- Piper upgrades Hims & Hers (HIMS) to buy on third straight guidance boost [more]
- Duolingo (DUOL) upgraded to Outperform at Evercore ISI after "clean beat & raise" [more]
- Nio (NIO) price target raised to $87 from $70 at Citi [more]
3. AROUND THE WEB:
- Didi (DIDI) is preparing to relaunch its apps in China by the end of the year, Reuters reports [more]
- Starbucks (SBUX) workers expand stores in a union vote, WSJ reports [more]
- Boeing (BA) may win a 737 MAX deal valued at up to $10B in India, Bloomberg says [more]
- Alibaba (BABA) looks to go global with Singles Day, WSJ reports [more]
- Sony (SONY) cut its PlayStation 5 shipment target to 15M by March 2022 amid shortages, Bloomberg reports [more]
4. MOVERS:
- NRx Pharmaceuticals (NRXP) increases after announcing the receipt of the FDA’s response to the company’s submission of its updated manufacturing information for ZYESAMI [more]
- AppHarvest (APPH) higher after announcing quarterly results and after launching its e-commerce platform [more]
- Kosmos (KOS) gains after receiving a notice from Tullow Oil (TUWOY) and PetroSA that they intend to exercise their pre-exemption rights in relation to the sale of Occidental Petroleum’s (OXY) interest in the Jubilee and TEN fields in Ghana to Kosmos [more]
- PureCycle Technologies (PCT) down after disclosing the SEC issued an investigative subpoena to the company’s CEO back in September [more]
- Paysafe (PSFE), Amwell (AMWL), and GrowGeneration (GRWG) fall in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Beyond Meat (BYND) reported downbeat Q3 results [more]
- Bumble (BMBL) raised its FY21 revenue guidance [more]
- SoFi Technologies (SOFI) provided upbeat FY21 revenue guidance [more]
- California Resources (CRC) reported upbeat Q3 results [more]
- Tapestry (TPR) provided a "beat and raise" report for Q1 [more]
INDEXES:
Near midday, the Dow was down 116.28, or 0.32%, to 35,963.66, the Nasdaq was up 95.41, or 0.61%, to 15,718.11, and the S&P 500 was up 4.80, or 0.10%, to 4,651.51.