On the Fly News and insights, exclusive to thefly.com

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

• Boeing (BA) has offered to extend the timeline for a union agreement vote, Reuters reports
• SAP (SAP) is under investigation by the U.S. Department of Justice for potential price-fixing, Bloomberg says
• Flutter Entertainment (FLUT) introduced its FY27 outlook and authorized an up to $5B share repurchase program
• Adobe (ADBE) has forecast a record $240.8B in U.S. holiday season online sales
• At its Connect 2024 presentation, Meta (META) unveiled a new low-cost mixed reality headset, introduced Llama 3.2 models, and introduced augmented reality glasses Orion

2. WALL STREET CALLS:

• Morgan Stanley downgraded General Motors (GM) to Underweight, while cutting Ford (F) and Rivian Automotive (RIVN) to Equal Weight and downgrading its U.S. auto industry view to In-Line from Attractive
• TD Cowen downgraded Expedia (EXPE) to Hold on longer than expected turnaround
• KeyBanc upgraded DoorDash (DASH) to Overweight following the firm's Q3 mobility survey
• HP Enterprise (HPE) upgraded to Overweight at Barclays
• Macquarie initiated Riot Platforms (RIOT), MARA (MARA), Cipher (CIFR), CleanSpark (CLSK) and Core Scientific (CORZ) as the firm started coverage on five bitcoin mining datacenter companies, all with Outperform ratings

3. AROUND THE WEB:

• Lightspeed (LSPD) is exploring options, including a potential sale, Reuters reports
• The city of Baltimore has filed a lawsuit accusing Biogen (BIIB) of striking an "unlawful" scheme with the largest pharmacy benefit managers to block generic competition of a multiple sclerosis treatment, STAT reports
• Southwest Airlines (LUV) is planning to reduce service to and from Atlanta next year, CNBC says
• HP (HPQ) and Wex (WEX) informed the U.S. District Court for the District of Maine that they have settled a trademark dispute over HP's alleged misuse of the "Wex" name to brand its software, Reuters reports
• Meta (META) is rejecting the European Union's voluntary AI safety pledge that is planned as a stopgap measure before the bloc's AI Act rules go fully into effect in 2027, Bloomberg says

4. MOVERS:

• Eightco Holdings (OCTO) soars after regaining compliance with Nasdaq
• Denison Mines (DNN) increases after BMO Capital upgraded the stock to Market Perform
• KB Home (KBH) falls after reporting quarterly results
• Celldex (CLDX) lower after reporting 52-week results from its Phase 2 study of barzolvolimab
• AAR Corp. (AIR) slides after Hunterbrook said that scrutiny "may be heating up"

5. EARNINGS/GUIDANCE:

• Stitch Fix (SFIX) reported downbeat Q4 earnings
• Progress Software (PRGS) reported Q3 results and raised its guidance for FY24
• Post Holdings (POST) reaffirmed its FY24 guidance
• Cintas (CTAS) reported Q1 results, with EPS beating consensus
• Masimo (MASI) backed its guidance for Q3

INDEXES:

The Dow fell 293.47, or 0.70%, to 41,914.75, the Nasdaq gained 7.68, or 0.043%, to 18,082.21, and the S&P 500 declined 10.67, or 0.19%, to 5,722.26.