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FOUR, NSA, ABBV...
7/21/2021 16:07pm
Wall Street in Fives - Must Read Lists for Wednesday

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: 

  • Netflix (NFLX) sinks after guidance for 3.5M streaming paid net additions in Q3 misses forecasts [more]
  • Chipotle (CMG) reported better than expected results with comp sales up 31.2% [more]
  • Coca-Cola (KO) reported better than expected quarterly results [more]
  • Johnson & Johnson (JNJ) in focus after a "beat and raise" quarterly report and inclusion in opioid settlement pact [more]
  • New York AG Letitia James announced a proposed $26B global agreement with opioid distributors and J&J [more]

2. WALL STREET CALLS:

  • Deutsche Bank names Electronic Arts (EA) top pick in video games, upgrades to Buy [more]
  • RealReal (REAL) upgraded to Buy from Neutral at BofA [more]
  • Halliburton (HAL) upgraded to Buy at Goldman Sachs and to Neutral at Exane BNP Paribas after earnings [more]
  • ContextLogic (WISH) downgraded to Neutral from Buy at BofA [more]
  • IAC (IAC) upgraded to Outperform from Market Perform at BMO Capital [more]

3. AROUND THE WEB:

  • AON (AON) in settlement talks with DOJ over Willis Towers Watson (WLTW) deal, Insurance Insider says [more]
  • Kerrisdale Capital announced a long position in Acutus Medical (AFIB) [more]
  • Churchill Capital (CCIV) and Lucid Motors (LCID) are scrambling to get shareholder votes ahead of tonight's deadline, CNBC reports [more]
  • MoneyGram (MGI) is drawing takeover interest from Stellar and Advent, Bloomberg says [more]
  • All Apple (AAPL) iPhones released in 2022 will be 5G-capable, Nikkei Asia reports [more]

4. MOVERS:

  • Interpublic Group (IPG) higher after reporting quarterly results [more]
  • Knight-Swift Transportation (KNX) and SAP (SAP) decline, respectively, after reporting quarterly results [more]
  • Shift4 Payments (FOUR) falls after announcing a 1.79M share offering of its common stock [more]
  • National Storage (NSA) lower after announcing an 8.8M share offering priced at $51.25 [more]
  • Carnival (CCL) rises after announcing yesterday that it expects to operate up to 75% of its fleet capacity by the end of 2021 [more]

5. EARNINGS/GUIDANCE:

  • Verizon (VZ) provided a "beat and raise" report [more]
  • Anthem (ANTM) raised its FY21 earnings and revenue guidance [more]
  • Nasdaq (NDAQ) reported upbeat quarterly results [more]
  • Harley-Davidson (HOG) reported better than expected earnings and revenue [more]
  • Seagate (STX) provided upbeat Q1 guidance [more]

INDEXES:

The Dow rose 286.01, or 0.83%, to 34,798.00, the Nasdaq gained 133.08, or 0.92%, to 14,631.95, and the S&P 500 advanced 35.63, or 0.82%, to 4,358.69.

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