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:
- Walmart (WMT) provided a "beat and raise" report for Q3 [more]
- Home Depot (HD) reported better than expected Q3 sales and earnings [more]
- Pfizer (PFE) and MPP signed a license agreement for antiviral treatment candidate PF-07321332 [more]
- Peloton (PTON) confirmed a 23.9M share offering priced at $46 [more]
- Aramark (ARMK) reported upbeat Q4 earnings and revenue [more]
2. WALL STREET CALLS:
- QuantumScape (QS) cut to Equal Weight at Morgan Stanley on threat of competition [more]
- Atlantic Equities downgrades Robinhood (HOOD) on "abrupt cessation" of user growth [more]
- Avis Budget (CAR) downgraded to Underweight from Equal Weight at Barclays [more]
- Nvidia (NVDA) price target raised to $400 from $225 at Credit Suisse [more]
- Allegiant Travel (ALGT) upgraded to Buy from Neutral at Goldman Sachs [more]
3. AROUND THE WEB:
- Activision Blizzard (ATVI) CEO Bobby Kotick was aware of claims of employee misconduct in many parts of the company, WSJ says [more]
- Amazon (AMZN) scrapped its Jersey City office deal, Bloomberg reports [more]
- Twitter (TWTR) CFO Ned Segal told the Wall Street Journal that investing in crypto "doesn't make sense right now" [more]
- Horizon Therapeutics (HZNP) lost its bid to block a generic form of Duexis, Bloomberg says [more]
- Google (GOOGL) told staff that the Pentagon contract won't go against its principles, NY Times says [more]
4. MOVERS:
- Amarin (AMRN) higher in New York after announcing new data on Vascepa/Vazkepa [more]
- Rocket Lab (RKLB) rise after announcing definitive agreement to acquire Planetary Systems Corporation for $42M [more]
- Romeo Power (RMO) and Canoo (GOEV) gain after reporting quarterly results [more]
- Clover Health (CLOV) down after filing to sell 35M shares of its stock [more]
- Riskified (RSKD), The Beachbody Company (BODY), Traeger (COOK), and Danimer Scientific (DNMR) fall after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Warner Music (WMG) reported downbeat Q3 earnings [more]
- Talkspace (TALK) reported downbeat Q3 revenue [more]
- Jumia Technologies (JMIA) reported year-over-year revenue growth in Q3 [more]
- RMR Group (RMR) reported upbeat Q4 earnings [more]
- Griffon (GFF) reported downbeat Q4 results [more]
INDEXES:
Near midday, the Dow was up 178.61, or 0.49%, to 36,266.06, the Nasdaq was up 101.22, or 0.64%, to 15,955.07, and the S&P 500 was up 23.80, or 0.51%, to 4,706.60.