Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Tesla (TSLA) delivered over 343,000 electric vehicles in Q3 [more]
- ViaSat (VSAT) agreed to sell its TDL business to L3Harris (LHX) for $1.96B [more]
- Robinhood (HOOD) raised its restructuring charge estimate to $90M-$105M from $45M-$60M [more]
- Disney (DIS) restored its channels on Dish (DISH) after reaching an agreement, according to The Wall Street Journal [more]
- Moderna (MRNA) has refused China's request to reveal vaccine technology, FT reports [more]
2. WALL STREET CALLS:
- Wells Fargo (WFC) was upgraded to Buy from Neutral at Goldman Sachs while Citi (C) was downgraded to Neutral in the firm's bank rating shake-up [more]
- Morgan Stanley downgraded DocuSign (DOCU) to Underweight and upgraded Box (BOX) to Overweight [more]
- MoffettNathanson starts Roblox (RBLX) at Underperform on valuation [more]
- Enfusion (ENFN) downgraded to Neutral at BofA with "too many questions" needing answers [more]
- Nike (NKE) was downgraded to Hold from Buy at Argus [more]
3. AROUND THE WEB:
- Freshpet (FRPT) hired bankers to explore a potential sale, Barron's reports [more]
- Apple (AAPL) loses its second bid to challenge Qualcomm (QCOM) patents, Reuters reports [more]
- United Airlines (UAL) is temporarily ending service at New York's JFK Airport, NY Times reports [more]
- Tencent (TCEHY) is resetting its M&A strategy, Reuters reports [more]
- Sony (SONY) is seeking to make 2M PlayStation VR2 units by March, Bloomberg reports [more]
4. MOVERS:
- Myovant (MYOV) higher in New York after confirming receipt of preliminary proposal from Sumitovant, Sumitomo [more]
- Vertiv Holdings (VRT) gains after announcing CEO succession and after backing its Q3 guidance [more]
- Transocean (RIG) increases in New York after entering an exclusive HaloGuard agreement with Salunda [more]
- Livent (LTHM) decreases after BofA downgraded the stock to Underperform with a price target of $27, down from $31 [more]
- Apellis (APLS) lower after announcing four presentations of data from its Phase 3 DERBY and OAKS studies [more]
5. EARNINGS/GUIDANCE:
- InterDigital (IDCC) raised its Q3 revenue guidance [more]
- Duos Technologies Group (DUOT) reiterated its FY22 revenue guidance [more]
- Blue Apron (APRN) provided downbeat Q3 revenue guidance [more]
- Vertiv Holdings (VRTV) reiterated its Q3 earnings and revenue outlook [more]
- Venus Concept (VERO) withdrew its 2022 revenue guidance [more]
INDEXES:
Near midday, the Dow was up 621.47, or 2.16%, to 29,346.98, the Nasdaq was up 152.78, or 1.44%, to 10,728.40, and the S&P 500 was up 69.84, or 1.95%, to 3,655.46.