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's (PFE) COVID-19 antiviral pill Paxlovid approved by UK drug regulator [more]
- Wall Street analysts see Exxon Mobil (XOM) update implying strong Q4 results [more]
- Xeris Biopharma's (XERS) Recorlev approved by FDA for Cushing's syndrome [more]
- AMD (AMD), Xilinx (XLNX) now see transaction closing in first quarter of 2022 [more]
- Competition Commission of India probes Apple's (AAPL) business practices [more]
2. WALL STREET CALLS:
- Tough year for Peloton (PTON) capped with JMP downgrade [more]
- Domino's Pizza (DPZ) price target raised to Street-high $640 at Argus [more]
- Tesla (TSLA) price target raised to $1,200 from $1,000 at Deutsche Bank [more]
- TransDigm (TDG), Northrop Grumman (NOC) named Aerospace and Defense top picks for 2022 at Morgan Stanley [more]
- Incyte (INCY), Nektar (NKTR), Compass Therapeutics (CMPX) named best biotech picks at Benchmark [more]
3. AROUND THE WEB:
- Senior officials in Biden White House worry Novavax (NVAX) could struggle to meet 2022 vaccine targets, Politico says [more]
- JPMorgan (JPM), Citi (C) encourage workers to work remotely in January, Bloomberg reports [more]
- China's Tencent (TCEHY) takes stake in UK digital bank Monzo, Sky News says [more]
- Hundreds of houses burned as fire spreads in Xcel Energy's (XEL) service areas around Boulder County, Colorado, CPR reports [more]
- NY Times details Medicare's review of Biogen (BIIB) Alzheimer's treatment [more]
4. MOVERS:
- Genius Brands (GNUS) up after proposed acquisition of WOW! Unlimited Media approved by WOW shareholders [more]
- Bitfarms (BITF) rises after securing a $100M credit facility with Galaxy Digital (BRPHF) [more]
- Norwegian Cruise Line (NCLH) and Carnival Corporation (CCL) lower after the CDC advised yesterday to “avoid cruise travel, regardless of vaccination status” [more]
- Meta (FB) dips after General Counsel Jennifer Newstead discloses sale of 1,100 shares [more]
- Bed Bath & Beyond (BBBY) lower in Friday trading ahead of earnings report due next week [more]
5. EARNINGS/GUIDANCE:
- Exxon Mobil (XOM) sees Q4 gains from oil prices at up to $800M, gas prices up to $1.1B [more]
- Stryve Foods (SNAX) sees Q4 revenue $7.0M-$7.5M, consensus $9.82M [more]
- Zepp Health (ZEPP) cuts Q4 revenue guidance [more]
- BGC Partners (BGCP) affirms Q4 earnings and revenue guidance [more]
- Walgreens Boots (WBA) set to headline next week's earnings reports [more]
INDEXES:
Near midday, the Dow was down 76.43, or 0.21%, to 36,321.65, the Nasdaq was down 52.62, or 0.33%, to 15,688.94, and the S&P 500 was down 8.81, or 0.18%, to 4,769.92.