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5/28/2021 12:05pm
Wall Street in Fives - Must Read Lists at Midday

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:

  • Microsoft (MSFT) has warned of a new cyberattack from the actor behind the previous SolarWinds (SWI) attacks [more]
  • Pfizer (PFE) and BioNTech's (BNTX) COVID-19 vaccine was approved by the EMA to include children ages 12 to 15 [more]
  • Salesforce (CRM) reported better than expected Q1 results and raised its EPS and revenue guidance for fiscal 2022 [more]
  • Box (BOX) reported upbeat Q1 results but lowered its earnings and revenue guidance for FY22 [more]
  • Provention Bio (PRVB) announced a 10-7 FDA panel vote in favor of teplizumab benefits outweighing risks [more]


2. WALL STREET CALLS:

  • New Street cuts Apple (AAPL) to Sell ahead of expected 12S "downcycle" [more]
  • Nikola (NKLA) initiated with a Buy at BTIG [more]
  • Deutsche starts Lordstown (RIDE) with Hold on "considerable uncertainty" [more]
  • Barclays double downgrades Premier (PINC) with multiple expansion less likely [more]
  • DexCom (DXCM) upgraded to Equal Weight from Underweight at Wells Fargo [more]


3. AROUND THE WEB:

  • AMC Entertainment (AMC) shares are in focus as the strength in shares continues to be attributed to interest from retail and "meme" traders [more]
  • Boeing (BA) has halted 787 Dreamliner deliveries following a five-month suspension amid production issues, The Wall Street Journal says [more]
  • Johnson & Johnson (JNJ) and the FDA are close to announcing that contamination issues at a coronavirus vaccine factory in Baltimore are resolved, The Wall Street Journal reports [more]
  • Welbilt (WBT), which previously agreed to sell itself in a $2.9B deal with Middleby (MIDD), has received a bid from Ali Group valuing the company at roughly $3.3B, according to The Wall Street Journal [more]
  • Engine No 1, the hedge fund that won a proxy battle against ExxonMobil (XOM) this week, told Financial Times that the oil major would have to cut oil production [more]


4. MOVERS:

  • Hexo (HEXO) rises after entering into a definitive share purchase agreement to acquire Redecan [more]
  • Palantir (PLTR) higher after being awarded an $111M contract by the United States Special Operations Command [more]
  • BioCryst (BCRX) increases after Piper Sandler analyst Christopher Raymond raised the firm’s price target on the stock to $18 from $15 [more]
  • Gap (GPS) falls despite reporting upbeat quarterly results, with comparable sales rising 28% [more]
  • U.S. Silica Holdings (SLCA) lower after Barclays analyst J. David Anderson downgraded the stock to Underweight [more]


5. EARNINGS:

  • Yext (YEXT) jumps after Q1 earnings beat and reaffirming FY22 earnings guide [more]
  • Ollie's Bargain Outlet (OLLI) higher after upbeat Q1 earnings and revenue [more]
  • Ulta Beauty (ULTA) rises after "beat and raise" report [more]
  • HP Inc. (HPQ) slips despite better than expected Q2 results [more]
  • Guess (GES) lower after guiding for Q2 revenue contraction [more]


INDEXES:

Near midday, the Dow was up 110.76, or 0.32%, to 34,575.40, the Nasdaq was up 75.31, or 0.55%, to 13,811.58, and the S&P 500 was up 14.67, or 0.35%, to 4,215.55.

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