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]
- Ford and Rivian cancel plans to jointly develop an EV, Automotive News says [more]
- Roku (ROKU) intends to develop more original shows over the next two years, WSJ says [more]
- Visa (V) CFO Vasant Prabhu told Reuters that he expects to reach a resolution with Amazon (AMZN) in the U.K. [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:
The Dow fell 268.97, or 0.75%, to 35,601.98, the Nasdaq gained 63.73, or 0.40%, to 16,057.44, and the S&P 500 declined 6.58, or 0.14%, to 4,697.96.