<link rel='stylesheet' href='https//fonts.googleapis.com/css?family=Roboto:400,500,700,400italic|Material+Icons'>
< Back to all Breaking News
GSK, EA, T...
6/23/2021 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: 

  • GlaxoSmithKline (GSK) provided details of its planned demerger of its consumer healthcare business in mid-2022 [more]
  • Electronic Arts (EA) agreed to acquire Playdemic from AT&T (T) for $1.4B in cash [more]
  • Amazon (AMZN) said Prime Day customers spent over $1.9B on small business products [more]
  • PVH Corp. (PVH) will sell its Heritage Brand IP and assets to ABG for $220M [more]
  • Southwest (LUV) said that Robert Jordan will succed Gary Kelly as CEO [more]


2. WALL STREET CALLS: 

  • Street Fight: JPMorgan cuts Carvana (CVNA) to Neutral as Jefferies ups price target to $400 [more]
  • Citi upgrades United Rentals (URI) to Buy, sees positive estimate revisions [more]
  • IntercontinentalExchange (ICE) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
  • Evercore upgrades land drillers Helmerich & Payne (HP), Patterson-UTI (PTEN) and Precision Drilling (PDS) to Outperform ahead of strong 2022 [more]
  • Citi opens "positive catalyst watch" on Verizon (VZ) into Q2 results [more]


3. AROUND THE WEB: 

  • Google (GOOGL) may soon face app store antitrust suit from state AGs, Reuters reports [more]
  • Apple (AAPL) CEO warns congress, claims antitrust bills were rushed, NY Times reports [more]
  • Embark to go public in deal with Northern Genesis Acquisition Corp. II (NGAB), WSJ says [more]
  • Bowling center operator Bowlero in talks to come public via deal with Isos Acquisition (ISOS), Bloomberg says [more]
  • Crypto exchange Bullish, Far Peak Acquisition (FPAC) in merger talks, Bloomberg says [more]


4. MOVERS: 

  • Luokung Technology (LKCO) rises after the Intelligent and Connected Vehicles-Highly Automated Driving Map-Acquisition Element Model and Exchange Format standard passed the project approval and review process and was approved for official release [more]
  • Nikola (NKLA) gains after investing $50M in cash and stock in exchange for a 20% equity interest in the clean hydrogen project being developed by Wabash Valley Resources [more]
  • Gemini (GMTX) lower after reporting initial data from its ongoing Phase 2a ReGAtta study of GEM103 [more]
  • Plug Power (PLUG) declines after Canaccord Genuity analyst Jed Dorsheimer downgraded the stock to Hold from Buy with a price target of $31, down from $69 [more]
  • WillScot Mobile Mini (WSC) falls after announcing a 14M share Spot Secondary offering priced at $27.95 [more]


5. EARNINGS: 

  • Patterson Companies (PDCO) drops after reporting downbeat Q4 results [more]
  • Winnebago (WGO) slips after reporting quarterly results [more]
  • Aspen Group (ASPU) gains after reporting better than expected Q4 revenue [more]
  • IHS Markit (INFO) lower after "beat and raise" earnings report [more]
  • Digital Bridge (DBRG) lower after raising its FY21 revenue guidance yesterday at investor day meeting [more]


INDEXES: 

Near midday, the Dow was down 13.04, or 0.04%, to 33,932.54, the Nasdaq was up 28.79, or 0.20%, to 14,282.05, and the S&P 500 was up 3.79, or 0.09%, to 4,250.23.

dynamic_feed Breaking News