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:
- Gap (GPS) slides after Q3 earnings miss, guidance cut [more]
- Nordstrom (JWN) drops nearly 30% after Q3 results miss estimates [more]
- HP Inc. (HPQ) rises after Q4 report and FY22 guidance [more]
- Dell Technologies (DELL) higher after reporting better than expected Q3 earnings [more]
- Deere (DE) reported Q4 results, sees demand exceeding industry's ability to produce next year [more]
2. WALL STREET CALLS:
- Chevron (CVX) upgraded to Outperform from Sector Perform at RBC Capital [more]
- Alibaba (BABA) downgraded to Hold from Buy at Argus [more]
- Gap (GPS) downgraded to Neutral from Overweight at JPMorgan [more]
- Nordstrom (JWN) downgraded to Hold from Buy at Jefferies [more]
- Spotify (SPOT) initiated with a Buy at Benchmark [more]
3. AROUND THE WEB:
- Apple (AAPL) picks TSMC (TSM) to make 5G iPhone modems from 2023, Nikkei reports [more]
- Nike (NKE) cancels retail store's orders until summer 2022, Newsweek reports [more]
- Symphony in talks to buy parts of FIS (FIS) capital markets assets, Bloomberg says [more]
- GM's (GM) 2022 Hummer EV Edition 1 pickup enters production, Inside EVs says [more]
- Citron repeats call for RealReal (REAL) shares to reach $30 in next 12 months "if not acquired first" [more]
4. MOVERS:
- Standard Lithium (SLI) gains in New York trading after announcing Koch Strategic Platforms, a subsidiary of Koch Investments, will make a $100M investment in the company [more]
- GoHealth (GOCO) rises after regulatory filing showed its CEO Clinton Jones and Chief Strategy Officer Brandon Cruz each bought 530,000 shares of its stock [more]
- Golden Ocean Group (GOGL) and Nano Dimension (NNDM) higher after reporting quarterly results [more]
- Kura Oncology (KURA) declines after announcing the FDA placed the KOMET-001 Phase 1b study of KO-539 on a partial clinical hold [more]
- Faraday Future Intelligent Electric (FFIE) falls after receiving a letter from Nasdaq indicating the company was not in compliance with Nasdaq listing rules [more]
5. EARNINGS/GUIDANCE:
- Anaplan (PLAN) falls following Q3 results, outlook [more]
- Autodesk (ADSK) drops after Q3 results, FY22 guidance [more]
- Guess (GES) rises after Q3 earnings beat, dividend hike [more]
- Pure Storage (PSTG) jumps after Q3 results, FY22 guidance beat estimates [more]
- VMware (VMW) higher after "beat and raise" report [more]
INDEXES:
Near midday, the Dow was down 120.66, or 0.34%, to 35,693.14, the Nasdaq was up 16.59, or 0.11%, to 15,791.73, and the S&P 500 was down 3.03, or 0.06%, to 4,687.67.