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:
- Target (TGT) reported upbeat Q3 results [more]
- Lowe's (LOW) provided a "beat and raise" report for Q3 [more]
- TJX (TJX) also reported upbeat Q3 earnings and revenue [more]
- La-Z-Boy (LZB) reported upbeat Q2 results and raised its quarterly dividend 10% [more]
- Amazon (AMZN) won't accept Visa (V) credit cards in the U.K. starting in 2022, Bloomberg reports [more]
2. WALL STREET CALLS:
- Wells Fargo upgrades Boeing (BA) on positive risk/reward after underperformance [more]
- MoffettNathanson downgrades Roku (ROKU) to Sell with $220 target on estimate risk [more]
- PayPal (PYPL) downgraded to Market Perform at Bernstein on risk of being disrupted [more]
- View Inc. (VIEW) downgraded to Neutral from Buy at Goldman Sachs [more]
- Neurocrine (NBIX) upgraded to Overweight from Neutral at JPMorgan [more]
3. AROUND THE WEB:
- Microsoft (MSFT) and Uber (UBER) are leaving the Internet Association, Axios says [more]
- A group of Activision Blizzard (ATVI) shareholders is calling for the resignation of CEO Bobby Kotick, Washington Post reports [more]
- Air Lease (AL) chairman Steven Udvar-Hazy said that Boeing (BA) 787 deliveries are unlikely to restart in 2021, according to Bloomberg [more]
- Warner Music (WMG) is in talks to buy David Bowie's songwriting catalogue, FT reports [more]
- ViacomCBS (VIAC) is selling its CBS Studio Center in Los Angeles for $1.8B, WSJ reports [more]
4. MOVERS:
- PureCycle Technologies (PCT) gains after entering an agreement with Berry Global (BERY) to provide Berry with PureCycle’s Ultra-Pure Recycled advanced recycled resin [more]
- Innoviz Technologies (INVZ) increases after Goldman Sachs analyst Mark Delaney upgraded the stock to Buy [more]
- Cassava Sciences (SAVA) lower after the Wall Street Journal reported the SEC is investigating claims the company manipulated research results of its Alzheimer’s drug [more]
- Arrival (ARVL) declines in New York after filing to sell 25M shares [more]
- PAVmed (PAVM), dLocal (DLO), and iQIYI (IQ) fall in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- StoneCo (STNE) reported a year-over-year decline in Q3 earnings [more]
- Dolby (DLB) provided lower than expected Q1 earnings and revenue guidance [more]
- ZIM Integrated (ZIM) reported upbeat Q3 results [more]
- Shoe Carnival (SCVL) provided a "beat and raise" report for Q3 [more]
- Baidu (BIDU) reported upbeat Q3 earnings [more]
INDEXES:
Near midday, the Dow was down 208.13, or 0.58%, to 35,934.09, the Nasdaq was down 53.53, or 0.34%, to 15,920.32, and the S&P 500 was down 14.55, or 0.31%, to 4,686.35.