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:
- Delta Air Lines (DAL) reported better than expected Q4 earnings and revenue [more]
- KB Home (KBH) also reported upbeat Q4 earnings [more]
- TSMC (TSM) reported better than expected Q4 earnings and revenue [more]
- Navient (NAVI) has reached a $1.85B settlement with multiple state attorneys general to resolve student loan servicing claims [more]
- Mimecast (MIME) disclosed that it recieved a $92.50 per share proposal from a portfolio company, which Bloomberg reported is Proofpoint [more]
2. WALL STREET CALLS:
- Snap (SNAP) downgraded to Market Perform from Outperform at Cowen [more]
- Bumble (BMBL) upgraded to Buy at Goldman Sachs, initiated with a Neutral at Piper Sandler [more]
- Home Depot (HD) upgraded to Buy at Truist as new analyst assumed coverage [more]
- Guggenheim downgraded Biogen (BIIB) to Neutral after CMS draft memo on framework for covering Aduhelm [more]
- Goldman Sachs downgraded Dominion (D) to Sell from Neutral [more]
3. AROUND THE WEB:
- Tesla (TSLA) scrubbed the 2022 production date from its Cybertruck website, The Verge says [more]
- Goldman Sachs (GS) delayed its return to office for U.S. staff, Bloomberg reports [more]
- TSMC's (TSM) northern Taiwan site to make 3nm chips for Intel (INTC), DigiTimes reports [more]
- Blackstone (BX) is requiring U.S. staff to get COVID-19 booster shots, Bloomberg says [more]
- Beyond Meat (BYND) has become one of the most shorted companies, FT reports [more]
4. MOVERS:
- Nikola (NKLA) higher after its Nikola Tre battery-electric vehicle was approved by CARB as a zero-emission vehicle [more]
- Just Eat Takeaway (GRUB) increases in New York after reporting yesterday that Q4 orders were up 14% [more]
- Denali Therapeutics (DNLI) falls after the FDA placed a clinical hold on it's DNL919 IND application [more]
- Virgin Galactic (SPCE) declines after announcing an offer to sell $425M in convertible senior notes [more]
- GrowGeneration (GRWG) lower after cutting its Q4 and FY21 revenue view [more]
5. EARNINGS/GUIDANCE:
- Accelerate Diagnostics (AXDX) provided downbeat Q4 and FY21 revenue guidance [more]
- Big 5 Sporting Goods (BGFV) gave guidance for Q4 and FY21 [more]
- Quanterix (QTRX) reported upbeat preliminary Q4 revenue [more]
- Covetrus (CVET) provided FY22 adjusted EBITDA guidance [more]
- E2open (ETWO) reported downbeat Q3 results [more]
INDEXES:
Near midday, the Dow was up 183.64, or 0.51%, to 36,473.96, the Nasdaq was down 102.52, or 0.67%, to 15,085.87, and the S&P 500 was down 5.22, or 0.11%, to 4,721.13.