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:
- CVS Health (CVS) raised its FY21 adjusted earnings guidance [more]
- Intel (INTC) named David Zinsner, who was CFO of Micron (MU), as its new CFO [more]
- Boeing (BA) reported 99 commercial airplane deliveries in Q4 [more]
- Rivian Automotive (RIVN) COO Rod Copes retired from the company in December [more]
- Walgreens Boots Alliance (WBA) CEO Rosalind Brewer confirmed that the company is exploring strategic options for Boots [more]
2. WALL STREET CALLS:
- IBM (IBM) downgraded to Sell from Neutral at UBS [more]
- AMD (AMD) upgraded to Overweight from Sector Weight at KeyBanc [more]
- KeyBanc downgrades Intel (INTC) to Sector Weight on limited catalysts [more]
- Take-Two (TTWO) upgraded to Overweight at KeyBanc, downgraded to Neutral at MoffettNathanson after "surprise" Zynga (ZNGA) deal [more]
- Redburn starts Rivian (RIVN) with Buy and $141 fair value estimate [more]
3. AROUND THE WEB:
- Apple's (AAPL) Private Relay meets resistance by European carriers, 9to5Mac reports [more]
- Volksagen (VWAGY) CFO Arno Antlitz told the Wall Street Journal he expects inflation to ease and the chip shortage to continue [more]
- Pfizer (PFE) CEO Albert Bourla said that two vaccine doses aren't "enough" for omicron, CNBC reports [more]
- Amazon (AMZN) changes employee stock distribution policies, Business Insider says [more]
- United Airlines (UAL) has roughly 3,000 employees positive for COVID-19, Reuters says [more]
4. MOVERS:
- Jiuzi Holdings (JZXN) rises in New York after announcing its subsidiary Zhejiang Jiuzi New Energy Vehicles entered into a two-year agreement with Shanghai Zhongtongji E-Commerce [more]
- Micro Focus (MFGP) higher in New York trading after Jefferies analyst Charles Brennan upgraded the stock to Buy [more]
- Accolade (ACCD), Butterfly Network (BFLY), and BARK (BARK) advance after reporting preliminary quarterly results [more]
- U.S. Steel (X) declines after Wolfe Research analyst Tinma Tanners downgraded the stock to Underperform [more]
- Pacific Biosciences (PACB) falls after reporting preliminary revenue for Q4 and FY21 [more]
5. EARNINGS/GUIDANCE:
- Illumina jumps as gene sequencing demand drives stronger outlook [more]
- Charles River (CRL) provided upbeat FY22 earnings guidance [more]
- Albertsons (ACI) gave a "beat and raise" report for Q3 [more]
- American Eagle (AEO) provided Q4 and FY23 revenue guidance [more]
- Chefs' Warehouse (CHEF) provided an upbeat FY22 revenue outlook [more]
INDEXES:
The Dow rose 183.15, or 0.51%, to 36,252.02, the Nasdaq gained 210.62, or 1.41%, to 15,153.45, and the S&P 500 advanced 42.78, or 0.92%, to 4,713.07.