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MRNA, UAL, BA...
6/10/2021 16:06pm
Wall Street in Fives - Must Read Lists for Thursday

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: 

  • Moderna (MRNA) has requested emergency use authorization from the FDA for its COVID-19 vaccine in adolescents [more]
  • United Airlines (UAL) is in talks to buy jets from Boeing (BA) and Airbus (EADSY), according to Reuters [more]
  • The U.S. has suspended J&J (JNJ) COVID-19 vaccine shipments due to a surplus of expiring doses, according to WSJ [more]
  • Clover Health (CLOV) slides as stock gets first sell rating following Reddit-fueled rally [more]
  • Electronic Arts (EA) dips as Vice reported that cyberattackers have stolen "a wealth" of video game source code [more]

2. WALL STREET CALLS: 

  • Oppenheimer downgrades Fastly (FSLY) on increased risk following shutdown [more]
  • JPMorgan upgrades UPS (UPS) on "incremental positives" from investor day [more]
  • Wingstop (WING) upgraded to Buy at BTIG on accelerating domestic development [more]
  • ServiceNow (NOW) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
  • JMP upgrades Iovance (IOVA) to Outperform, sees 149% potential upside [more]

3. AROUND THE WEB: 

  • JBS USA (JBSAY) paid an $11M ransom in bitcoin to cyberattackers, WSJ reports [more]
  • The U.K.'s CMA is planning a probe into Amazon's (AMZN) use of data, FT says [more]
  • Amazon is also facing a potential $425M privacy fine from the EU, WSJ reports [more]
  • Ford (F) has amassed 100,000 F-150 Lightning pre-orders, NY Times reports [more]
  • Intel (INTC) offered more than $2B to buy chipmaker SiFive, Bloomberg says [more]

4. MOVERS:

  • Embraer (ERJ) rises after confirming its subsidiary Eve has began negotiations related to a possible business combination with Zanite Acquisition (ZNTE) [more]
  • Community Health Systems (CYH) gains after RBC Capital analyst Frank Morgan upgraded the stock to Outperform [more]
  • Organon (OGN) higher after Evercore ISI analyst Umer Raffat initiated coverage of the stock with an Outperform rating [more]
  • Ocugen (OCGN) falls after deciding to no longer pursue an Emergency Use Authorization for Covaxin, its COVID-19 vaccine candidate, and instead pursue a biologics license application [more]
  • Materialise (MTLS) drops after announcing an offering of 4M shares [more]

5. EARNINGS:

  • GameStop (GME) slips after reporting Q1 losses, plans to offer shares for sale [more]
  • RH (RH) jumps after quarterly "beat and raise" report [more]
  • Signet Jewelers (SIG) gains after reporting upbeat Q1 results [more]
  • FuelCell (FCEL) lower after reporting Q2 results [more]
  • KLX Energy (KLXE) falls after reporting Q1 losses [more]

INDEXES:

The Dow rose 19.10, or 0.055%, to 34,466.24, the Nasdaq gained 108.58, or 0.78%, to 14,020.33, and the S&P 500 advanced 19.63, or 0.47%, to 4,239.18.

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