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:
- General Motors (GM) reported its Q4 deliveries were down 43%, Honda (HMC) reported December U.S. sales down 23%, and Toyota (TM) reported December U.S. sales down 30.2% amid industry supply constraints [more]
- Conduent (CNDT) agreed to sell its Midas Suite of solutions to symplr for $340M in cash [more]
- Digital Realty (DLR) will acquire a majority stake in Teraco [more]
- Clear Secure (YOU) acquired Whyline in an all-cash transaction [more]
- Intel's (INTC) Mobileye announced new strategic collaborations with Volkswagen (VWAGY), Ford (F), and Zeekr [more]
2. WALL STREET CALLS:
- Foot Locker (FL) downgraded to Underweight on market share loss at JPMorgan [more]
- Coca-Cola (KO) upgraded to Buy from Neutral at Guggenheim [more]
- General Electric (GE) upgraded to Outperform from Neutral at Credit Suisse [more]
- Ferrari (RACE) replacing GM as Morgan Stanley's new "Top Pick" in U.S. autos [more]
- HP Enterprise (HPE) upgraded to Overweight from Equal Weight at Barclays [more]
3. AROUND THE WEB:
- Walmart (WMT) temporarily closed nearly 60 stores in December for cleaning, Reuters reports [more]
- Apple (AAPL) is facing an antitrust investigation in India over its App Store, WSJ reports [more]
- AT&T (T) and Verizon (VZ) have agreed to the FAA's request to delay 5G launch, CNet reports [more]
- Facebook (MVRS;FB) suspended the account of U.S. Congresswoman Marjorie Taylor Green for 24 hours, Business Insider says [more]
- Disney+ (DIS) show "The Book of Boba Fett" drew 1.7M U.S. viewers for its first episode, Deadline reports [more]
4. MOVERS:
- Ford (F) jumps after announcing plans to nearly double the production of its F-150 Lightning pickup to 150,000 trucks per year [more]
- Marathon Digital (MARA) higher after publishing unaudited bitcoin production and miner installation updates for December and fiscal year 2021 [more]
- Riot Blockchain (RIOT) rises after Cantor Fitzgerald analyst Mike Colonnese initiated coverage of the stock with an Overweight rating and $45 price target [more]
- Gritstone (GRTS) falls after announcing clinical results from the first cohort of its CORAL-BOOST study [more]
- Sea Limited (SE) lower in New York after Bloomberg reported Tencent (TCEHY) is looking to sell a stake in the company and after the company announced a 14.5M share offering priced at $208 [more]
5. EARNINGS/GUIDANCE:
- Blackbaud (BLKB) reiterated its FY21 revenue guidance as it announced it has agreed to acquire Everfi for $750M in a cash and stock deal [more]
- NexTier Oilfield (NEX) provided Q4 revenue guidance [more]
- iCAD (ICAD) provided Q4 and FY21 revenue guidance [more]
- Scotts Miracle-Gro (SMG) reiterated its FY22 adjusted earnings guidance [more]
- Companies reporting quarterly results this week include RGP (RGP) and Bed Bath & Beyond (BBBY) [more]
INDEXES:
The Dow rose 214.59, or 0.59%, to 36,799.65, the Nasdaq lost 210.08, or 1.33%, to 15,622.72, and the S&P 500 declined 3.02, or 0.063%, to 4,793.54.