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:
- JPMorgan (JPM) reported above-consensus headline earnings and revenue, but lower after CFO warns of "a couple of years of sub-target returns" [more]
- Wells Fargo (WFC) also reported better-than-expected Q4 results [more]
- Citi (C) joined its big bank brethren with report of upbeat Q4 results [more]
- ODP (ODP) will delay its public company separation to evaluate a potential sale of its consumer business [more]
- The U.S. House panel reviewing the January 6, 2021 Capitol riot has subpoenaed Alphabet (GOOGL), Meta (MVRS), Twitter (TWTR), and Reddit [more]
2. WALL STREET CALLS:
- Ford (F) downgraded to Sector Perform at RBC Capital on reduced near-term upside [more]
- Disney (DIS) downgraded to Neutral at Guggenheim on slower profit climb [more]
- Restaurant Brands (QSR) downgraded to Underweight, Chipotle Mexican Grill (CMG) raised to Overweight at Morgan Stanley [more]
- Sirius XM (SIRI) downgraded to Underweight on slowing car sales at JPMorgan [more]
- NetApp (NTAP) upgraded to Outperform from Market Perform at Cowen [more]
3. AROUND THE WEB:
- Macau will award a maximum of six casino licenses, Bloomberg reports [more]
- Tesla (TSLA) pushed its Cybertruck production start to early 2023, Reuters reports [more]
- Moderna (MRNA) chairman Afeyan told Bloomberg that COVID-19 could become endemic in 2022 [more]
- Walgreens (WBA) and CVS (CVS) will shut down certain pharmacies on weekends, WSJ reports [more]
- A class action suit lodged against Meta (MVRS;FB) seeks $3.1B in the U.K., TechCrunch reports [more]
4. MOVERS:
- ATI Physical Therapy (ATIP) rises after Jefferies analyst Stephanie Wissink upgraded the stock to Buy from Hold [more]
- Pinduoduo (PDD) jumps after DBS Bank upgraded the stock to Buy from Hold [more]
- NextPlay Technologies (NXTP) higher after reporting quarterly results [more]
- FTC Solar (FTCI) falls after BofA anlayst Julien Dumoulin-Smith downgraded the stock to Underperform [more]
- Domino's Pizza (DPZ) lower after Morgan Stanley analyst John Glass downgraded the stock to Equal Weight from Overweight [more]
5. EARNINGS/GUIDANCE:
- BlackRock (BLK) also reported upbeat Q4 earnings [more]
- Sherwin-Williams (SHW) provided downbeat Q4 earnings guidance [more]
- Boston Beer (SAM) cut its FY21 earnings outlook [more]
- Rover Group (ROVR) reaffirmed its 2021 revenue guidance [more]
- SAP (SAP) reported 10% year-over-year earnings growth in Q4 [more]
INDEXES:
Near midday, the Dow was down 267.74, or 0.74%, to 35,845.88, the Nasdaq was down 1.82, or 0.01%, to 14,804.99, and the S&P 500 was down 16.08, or 0.35%, to 4,642.95.