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WEN, CLOV, TGT...
6/8/2021 12:06pm
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: 

  • Fastly (FSLY) confirmed an outage earlier that affected its CDN services [more]
  • Stitch Fix (SFIX) reported upbeat quarterly earnings and raised its fiscal 2021 revenue guidance [more]
  • Tesla's (TSLA) China deliveries rose by 29% in May, according to Bloomberg [more]
  • Shares of Clover Health (CLOV) and Wendy's (WEN) jumped as WallStreetBets warned of a short squeeze [more]
  • Southwest (LUV) will increase its 2022 firm order by 34 Boeing (BA) 737 MAX 7 jets [more]


2. WALL STREET CALLS: 

  • Target (TGT) upgraded to Buy at UBS on "strong positioning" [more]
  • Jefferies upgrades Delta (DAL) to Buy on opportunity to lead in next leg of recovery [more]
  • William Blair, Citi, Atlantic Equities, Baird, Raymond James and Cowen among firms having upgraded Biogen (BIIB) following yesterday's FDA approval of its Alzheimer's drug [more]
  • Abercrombie & Fitch (ANF) upgraded to Buy from Hold at Argus [more]
  • SAIC (SAIC) downgraded to Sell from Neutral at Goldman Sachs [more]


3. AROUND THE WEB: 

  • Southwest is automating certain job recruitment tasks to speed up hiring, WSJ says [more]
  • Samsung (SSNLF) delays its plans to end LCD panel production to 2022 [more]
  • Mining companies are trying to gain some cash that target green investments by downplaying environmental impacts of their operations, WSJ reports [more]
  • Nvidia's (NVDA) Arm deal could be delayed by Chinese regulators, CNBC says [more]
  • Twitter (TWTR) blocked four accounts in India to comply with a legal request from the Indian government [more]


4. MOVERS: 

  • NextDecade (NEXT) surges after Evercore ISI analyst Sean Morgan upgraded the stock to Outperform from In Line with a price target of $9 [more]
  • Velodyne (VLDR) gains after Seabed selected the company’s Puck sensors for its lidar mobile mapping system [more]
  • CureVac (CVAC) declines after Business Insider reported the EMA does not expect the company’s COVID-19 vaccine to be approved before August [more]
  • Keurig Dr Pepper (KDP) drops after a 28M share secondary offering priced at $35.65 [more]
  • Up Fintech (TIGR) lower after announcing 6.5M offering of American Depositary Shares [more]


5. EARNINGS/GUIDANCE: 

  • J. Jill (JILL) rises after reporting a quarterly adjusted profit [more]
  • Marvell (MRVL) gains after reporting upbeat quarterly results [more]
  • Seagate (STX) higher after raising its Q4 earnings guidance [more]
  • Thor Industries (THO) slips despite reporting upbeat Q3 results [more]
  • Coupa Software (COUP) falls even after providing upbeat Q2 and FY22 guidance [more]


INDEXES: 

Near midday, the Dow was up 3.98, or 0.01%, to 34,634.22, the Nasdaq was up 8.62, or 0.06%, to 13,890.34, and the S&P 500 was up 0.85, or 0.02%, to 4,227.37.

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