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:
- Intel (INTC) intends to take Mobileye public [more]
- American Airlines (AAL) CEO Doug Parker will retire [more]
- Mimecast (MIME) will become a private company through a $5.8B transaction with Permira [more]
- Apple's (AAPL) success in China is aided by CEO Tim Cook's $275B deal, The Information says [more]
- MongoDB (MDB) reported upbeat Q3 results [more]
2. WALL STREET CALLS:
- Apple (AAPL) gets Street-high target at Morgan Stanley on virtual reality product optimism [more]
- Bumble (BMBL) upgraded to Overweight from Neutral at JPMorgan [more]
- Starbucks (SBUX) upgraded to Buy from Neutral at MKM Partners [more]
- Guggenheim downgrades Merck (MRK) on Keytruda concentration, low pipeline visibility [more]
- Tesla (TSLA) price target raised to $1,000 from $725 at UBS [more]
3. AROUND THE WEB:
- Constellation Brands (STZ) will construct a brewery in Southeastern Mexico, WSJ reports [more]
- Tesla (TSLA) CEO Elon Musk has criticized federal electric vehicle spending, WSJ says [more]
- CareTrust REIT (CTRE) is exploring options, including a potential sale, Bloomberg reports [more]
- Apple's treatment of Roblox (RBLX) is in focus amid a DOJ probe, The Information says [more]
- A cereal union at Kellogg (K) said the latest agreement was rejected, Bloomberg reports [more]
4. MOVERS:
- Trupanion (TRUP) jumps after announcing a pet insurance and wellness plans partnership with Chewy (CHWY) [more]
- CommScope (COMM) rises after Jefferies analyst George Notter upgraded the stock to Buy from Hold [more]
- Designer Brands (DBI) and AutoZone (AZO) higher after reporting quarterly results [more]
- Silvergate Capital (SI) falls after a 3.3M share secondary offering priced at $145 [more]
- GitLab (GTLB) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Coupa Software (COUP) posted above-consensus revenue in Q3, but guidance had analysts cutting targets [more]
- HealthEquity (HQY) lowered its earnings and revenue guidance for FY22 [more]
- AeroVironment (AVAV) lowers 2022 sales outlook [more]
- John Wiley & Sons (JWA) reported better-than-expected Q2 results [more]
- Core & Main (CNM) reported upbeat Q3 results [more]
INDEXES:
Near midday, the Dow was up 523.56, or 1.49%, to 35,750.59, the Nasdaq was up 482.47, or 3.17%, to 15,707.63, and the S&P 500 was up 98.82, or 2.15%, to 4,690.49.