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:
- Foot Locker (FL) provided a "beat and raise" report for Q3 [more]
- Workday (WDAY) reported quarterly results, promoted Barbara Larson to CFO, and agreed to acquire VNDLY for $510M [more]
- The COVID-19 vaccine boosters from Moderna (MRNA) and Pfizer (PFE) and BioNTech (BNTX) received expanded emergency use authorization from the FDA [more]
- Intuit (INTU) reported upbeat Q1 earnings and revenue [more]
- Palo Alto Networks (PANW) reiterated its FY22 earnings guidance [more]
2. WALL STREET CALLS:
- Walmart (WMT) upgraded to Buy from Neutral at MKM Partners [more]
- Datadog (DDOG) upgraded to Outperform from Sector Perform at RBC Capital [more]
- Snowflake (SNOW) downgraded to Neutral on valuation at Rosenblatt [more]
- Zendesk (ZEN) downgraded to Market Perform from Outperform at Cowen [more]
- Sirius XM (SIRI) downgraded to Underweight om slowing growth at Barclays [more]
3. AROUND THE WEB:
- Boeing (BA) has slowed down 787 Dreamliner production amid a cargo door issue, WSJ reports [more]
- Ford (F) wants to sell its stake in Rivian Automotive (RIVN), CNBC says [more]
- Meanwhile, Ford is seeking to boost electric vehicle production to 600,000 vehicles by 2023, Automotive News reports [more]
- Roku (ROKU) intends to develop more original shows over the next two years, WSJ says [more]
- Facebook (FB) is offering payments to creators to host Live Audio Rooms, The Information reports [more]
4. MOVERS:
- UWM Holdings (UWMC) jumps after accelerating its buyback in lieu of a secondary offering [more]
- Gracell (GRCL) rises after receiving fast track designation for GC012F from the FDA [more]
- Rover Group (ROVR) higher after an 11M share secondary priced at $10.00 [more]
- 21Vianet (VNET) falls after Goldman Sachs analyst Tina Hou double downgraded the stock to Sell from Buy [more]
- The Buckle (BKE) lower after reported quarterly results [more]
5. EARNINGS/GUIDANCE:
- Farfetch (FTCH) reported mixed Q3 results [more]
- Applied Materials (AMAT) reported downbeat Q4 earnings and revenue [more]
- Williams-Sonoma (WSM) provided a "beat and raise" report for Q3 [more]
- Post Holdings (POST) reported downbeat Q4 earnings [more]
- BellRing Brands (BRBR) provided FY22 revenue guidance [more]
INDEXES:
Near midday, the Dow was down 167.19, or 0.47%, to 35,703.76, the Nasdaq was up 114.32, or 0.71%, to 16,108.03, and the S&P 500 was up 8.21, or 0.17%, to 4,712.75.