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:
- FactSet (FDS) to acquire CUSIP Global Services from S&P Global (SPGI) for $1.925B [more]
- News Corp. (NWSA) to acquire Base Chemicals business from S&P Global (SPGI) and IHS Markit (INFO) [more]
- GoDaddy (GDDY) rises after Starboard Value discloses 6.5% stake, says may seek talks [more]
- Mastercard (MA) SpendingPulse says U.S. retail sales grew 8.5% this holiday season [more]
- Thousands of flights canceled globally amid omicron-driven COVID-19 wave [more]
2. WALL STREET CALLS:
- Barclays downgrades InnovAge (INNV) on uncertainty from Colorado sanctions [more]
- Lucid Diagnostics (LUCD) initiated with a Buy at Ascendiant [more]
- Innovid (CTV) initiated with an Outperform at BMO Capital [more]
- Ascendiant "very concerned" about GameStop (GME) prospects, cuts price target [more]
- SVB Leerink cuts BridgeBio (BBIO) target after "baffling" trial failure, sees risk to Alnylam (ALNY) [more]
3. AROUND THE WEB:
- Royal Caribbean (RCL), Carnival (CCL) sailings altered by COVID outbreaks, WaPo reports [more]
- Moderna (MRNA) facing pressure over cost of vaccine, Financial Times reports [more]
- Investors likely to cheer China's new requirements on offshore IPOs, SCMP says [more]
- Didi (DIDI) extends lock-up for employees, barring share sales, FT reports [more]
- Meta (FB) Oculus VR headset among most popular tech gifts over holidays, CNBC says [more]
4. MOVERS:
- Borr Drilling (BORR) rises after entering into deal to defer $1.4B in debt maturities [more]
- CNH Industrial (CNHI) higher in New York after Morgan Stanley analyst Courtney Takavonis resumed coverage of the stock with an Overweight rating and $24 price target [more]
- AMD (AMD) up after GlobalFoundries (GFS) announced it had agreed to amend its Wafer Supply Agreement [more]
- BridgeBio (BBIO) plunges after announcing its Phase 3 ATTRibute-CM study did not meet its primary endpoint [more]
- Cortexyme (CRTX) lower after announcing an offering to sell $150M of its stock [more]
5. EARNINGS/GUIDANCE:
- Cigna (CI) still sees FY21 adjusted EPS of at least $20.35, consensus $20.40 [more]
- O-I Glass (OI) to sell Cristar Tabletop to Vidros Colombia, affirms Q4 adjusted EPS view [more]
- CPI Aerostructures (CVU) reports Q1 results, affirms 2021 revenue view [more]
- Bowman Consulting (BWMN) to buy Terra Associates, expects immediate accretion [more]
- Clarivate (CLVT) will need to restate previously issued financial statements [more]
INDEXES:
The Dow rose 351.82, or 0.98%, to 36,302.38, the Nasdaq gained 217.89, or 1.39%, to 15,871.26, and the S&P 500 advanced 65.40, or 1.38%, to 4,791.19.