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:
- Pfizer (PFE) said a study shows three doses of its COVID-19 vaccine neutralize the omicron variant [more]
- Stanley Black & Decker (SWK) will sell most of its security assets to Securitas for $3.2B [more]
- Stitch Fix (SFIX) lowered its FY22 revenue growth guidance, sending shares lower [more]
- SentinelOne (S) reported better than expected Q3 revenue but the stock is lower following the report [more]
- United Natural Foods (UNFI) reported upbeat quarterly results and reiterated its FY22 guidance [more]
2. WALL STREET CALLS:
- Honeywell (HON) downgraded to Neutral from Buy at BofA [more]
- Kraft Heinz (KHC) downgraded to Neutral at Guggenheim on lack of pricing power [more]
- Roblox (RBLX) initiated with a Sector Weight at KeyBanc [more]
- Tiger Securities initiated coverage of Nio (NIO) and Li Auto (LI) at Buy, started XPeng (XPEV) with a Hold rating
- [more]
- Deutsche upgrades Goodyear Tire (GT) to Buy on "large" electric vehicle benefits [more]
3. AROUND THE WEB:
- Adobe (ADBE) is near a deal to acquire ContentCal for over $100M, Bloomberg reports [more]
- Philip Morris' (PM) emergency request to continued IQOS imports has been denied, Bloomberg says [more]
- Citron said Jumia (JMIA) shares could reach $22 before earnings [more]
- Spruce Point issued a "Strong Sell" rating on Nuvei (NVEI) [more]
- Ford (F) is scrambling to meet capacity for its electric F-150, CNBC says [more]
4. MOVERS:
- RLX Technology (RLX) jumps after announcing a $500M share repurchase program [more]
- Epam Systems (EPAM) rises after being named to join the S&P 500 [more]
- Photronics (PLAB) and Lovesac (LOVE) higher after reporting quarterly results [more]
- Radius Health (RDUS) falls after its wearABLe study did not meet its primary endpoint [more]
- Corcept Therapeutics (CORT) lower after announcing an extension of its previously announced tender offer [more]
5. EARNINGS/GUIDANCE:
- Thor Industries (THO) reported upbeat Q1 results [more]
- Vera Bradley (VRA) reported downbeat Q3 results [more]
- Brown-Forman (BF.A) also reported downbeat quarterly results [more]
- McKesson (MCK) raised its FY22 adjusted earnings guidance [more]
- Campbell Soup (CPB) reiterated its FY22 adjusted earnings outlook [more]
INDEXES:
Near midday, the Dow was down 69.72, or 0.20%), to 35,649.71, the Nasdaq was up 38.60, or 0.25%, to 15,725.51, and the S&P 500 was down 1.14, or 0.02%, to 4,685.61.