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:
- Cisco (CSCO) reported upbeat Q1 earnings and reiterated FY22 guidance [more]
- Nvidia (NVDA) also reported upbeat Q3 results [more]
- Alibaba (BABA) reported downbeat Q2 earnings and revenue [more]
- Pfizer (PFE) will supply 10M treatment courses of its investigational COVID-19 oral antiviral candidate to the U.S. government [more]
- Novo Nordisk (NVO) agreed to acquire Dicerna (DRNA) for $38.25 per share in cash [more]
2. WALL STREET CALLS:
- JPMorgan upgrades Boeing (BA) to Overweight, giving stock second upgrade in a many days [more]
- Activision Blizzard (ATVI) downgraded to Neutral from Overweight at JPMorgan [more]
- Analysts remain bullish on Visa (V) amid clash with Amazon (AMZN) over fees [more]
- GoPro (GPRO) upgraded to Overweight from Neutral at JPMorgan [more]
- Oatly Group (OTLY) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
3. AROUND THE WEB:
- China's aviation regulator has "expressed satisfaction" with Boeing's (BA) proposed 737 MAX fixes, Caixin reports [more]
- Bear Cave issued a short report on Playtika (PLTK) [more]
- Senator Elizabeth Warren asked the SEC to investigate the deal between Donald Trump's social media company and Digital World Acquisition (DWAC) [more]
- Mizuho Financial (MFG) has denied a Nikkei report that its CEO is stepping down, Bloomberg reports [more]
- Blue Orca Capital is shorting the "wildly overpriced" Standard Lithium (SLI) [more]
4. MOVERS:
- Arcus Biosciences (RCUS) gains after announcing Gilead Sciences (GILD) paid the company $725M to exercise its options to three programs in Arcus’s clinical-stage portfolio [more]
- Yatsen (YSG) increases in New York after reporting quarterly results and announcing a $100M share repurchase program [more]
- Enthusiast Gaming (EGLX) higher in New York after reporting Unique Visitor traffic in the U.S. in October [more]
- Clover Health (CLOV) declines after filing to sell 52.17M shares [more]
- Vipshop (VIPS) and Bilibili (BILI) fall in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Victoria's Secret (VSCO) reported upbeat Q3 earnings [more]
- Kohl's (KSS) provided "beat and raise" report for Q3 [more]
- Sonos (SONO) reported quarterly results and announced a $150M stock buyback [more]
- Macy's (M) provided "beat and raise" report for Q3 [more]
- Petco (WOOF) also provided "beat and raise" report for Q3 [more]
INDEXES:
Near midday, the Dow was down 38.88, or 0.11%, to 35,892.17, the Nasdaq was up 68.21, or 0.43%, to 15,989.78, and the S&P 500 was up 16.39, or 0.35%, to 4,705.06.