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:
- Walgreens Boots Alliance (WBA) reported upbeat Q1 results [more]
- Stryker (SYK) agreed to acquire Vocera (VCRA) for $79.25 per share, reflecting a total enterprise value of approximately $3.09B [more]
- Bed Bath & Beyond (BBBY) reported Q3 losses, cut FY21 adjusted earnings and revenue guidance, and said it is pursuing additional expense optimization measures [more]
- Dick's Sporting (DKS) raised its FY21 adjusted earnings and same-store sales guidance [more]
- Humana (HUM) intends to reiterate its FY21 and FY22 earnings outlook [more]
2. WALL STREET CALLS:
- BofA upgrades Coinbase (COIN) to Buy on potential beyond crypto [more]
- Allbirds (BIRD) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
- Wells Fargo downgrades Target (TGT) to Equal Weight, cuts price target to $230 [more]
- Goldman Sachs (GS) downgraded to Neutral from Buy at BofA [more]
- Microsoft (MSFT) price target raised to $400 from $375 at Jefferies [more]
3. AROUND THE WEB:
- The New York Times (NYT) will acquire The Athletic for $550M, The Information reports [more]
- Walmart (WMT) cut down its paid COVID leave for workers to one week, Reuters reports [more]
- AT&T's (T) WarnerMedia and ViacomCBS (VIAC) are considering a potential sale of the CW Network, WSJ reports [more]
- A Toshiba (TOSYY) shareholder called for an extraordinary general meeting to vote on a three-way split, FT reports [more]
- Starbucks (SBUX) union workers walk out of a Buffalo store over "unsafe working conditions," New York Post reports [more]
4. MOVERS:
- Lamb Weston (LW) higher after reporting quarterly results and backing its fiscal year 2022 guidance [more]
- Stitch Fix (SFIX) rises after announcing a share repurchase authorization of $150M [more]
- Curis (CRIS) falls after reporting data from its Phase 1/2 AML study and its Phase 1 study of CI-8993 [more]
- Sutro Biopharma (STRO) lower after reporting interim data from the dose-expansion cohort of STRO-002 [more]
- ConAgra (CAG) slips after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Berkeley Lights (BLI) reported downbeat FY21 preliminary revenue [more]
- Bath & Body Works (BBWI) raised its Q4 earnings view to the high end of its outlook [more]
- Constellation Brands (STZ) provided a "beat and raise" report for Q3 [more]
- Kirkland's (KIRK) reported on its 2021 holiday sales and earnings [more]
- Schnitzer Steel (SCHN) reported downbeat Q1 results [more]
INDEXES:
Near midday, the Dow was down 79.36, or 0.22%, to 36,327.75, the Nasdaq was up 49.92, or 0.33%, to 15,150.10, and the S&P 500 was up 8.39, or 0.18%, to 4,708.97.