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6/29/2021 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: 

  • United Airlines (UAL) has announced a deal to add 270 new Boeing (BA) and Airbus (EADSY) aircraft [more]
  • Big banks like Goldman Sachs (GS), Bank of America (BAC), and JPMorgan (JPM) in focus after announcing new capital return plans after Fed stress tests [more]
  • In other bank news, JPMorgan agreed to acquire OpenInvest [more]
  • Walmart (WMT) is launching a private brand analog insulin [more]
  • Moderna (MRNA) announced new results showing activity of its vaccine against variants of SARS-CoV-2 [more]


2. WALL STREET CALLS: 

  • Textron (TXT) on rise after Morgan Stanley analyst Kristine Liwag upgraded to Overweight with a Street-high price target of $87 [more]
  • CSX (CSX) upgraded to Buy from Neutral at Citi [more]
  • Carvana (CVNA) downgraded to Neutral from Overweight at Piper Sandler [more]
  • Wells Fargo upgrades Keurig Dr Pepper (KDP) on carbonated beverage tailwind [more]
  • Herbalife Nutrition (HLF) initiated with a Buy rating, $70 target at B. Riley [more]


3. AROUND THE WEB: 

  • Amazon (AMZN) is acquiring the exclusive rights to the "SmartLess" podcast, Bloomberg says [more]
  • Consumer Reports said the Tesla (TSLA) Model 3 has regained "CR Top Pick" status [more]
  • Apple (AAPL) is on track to spend 50% more this year on user data it stores on Google's (GOOGL) cloud, The Information reports [more]
  • Facebook's (FB) Instagram will soon test sharing ad revenue with publishers, Axios says [more]
  • TSMC (TSM) could post record revenue in June, DigiTimes says [more]


4. MOVERS: 

  • Cerevel (CERE) has nearly doubled after reporting results from Phase 1b clinical trial of CVL-231 [more]
  • PLBY Group (PLBY) gains after entering a definitive agreement to acquire Honey Birdette for $333M in a cash and stock transaction [more]
  • Morgan Stanley (MS) higher after doubling its quarterly dividend to 70c from 35c per share and after authorizing a stock buyback of up to $12B [more]
  • UiPath (PATH) declines after announcing a 1.5M share Block Trade offering priced at $70.80 [more]
  • Iovance Biotherapeutics (IOVA) falls after reporting clinical data for its TIL therapy LN-145 from its IOV-COM-202 study [more]


5. EARNINGS/GUIDANCE: 

  • Capri Holdings (CPRI) raises FY22 EPS view [more]
  • FactSet (FDS) reports Q3 adjusted EPS [more]
  • Purple Innovation (PRPL) cuts Q2 revenue view, withdraws FY21 guidance [more]
  • Jefferies Financial (JEF) reports Q2 EPS, raises annual dividend 25% [more]
  • Sempra Energy (SRE) raises FY21 adjusted EPS view, introduces FY22 EPS guidance [more]


INDEXES: 

Near midday, the Dow was up 82.40, or 0.24%, to 34,365.67, the Nasdaq was down 4.46, or 0.03%, to 14,496.05, and the S&P 500 was up 4.02, or 0.09%, to 4,294.63.

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