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STT, BABA, AYRWF...
8/16/2021 12:08pm
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: 

  • NHTSA has opened an investigation into Tesla's (TSLA) autopilot system after eleven crashes [more]
  • An ITC judge determined that Google (GOOGL) infringes on five Sonos (SONO) patents [more]
  • Hyatt (H) agreed to acquire Apple Leisure Group from affiliates of KKR (KKR) and CKSL Capital Partners for $2.7B in cash [more]
  • Oatly (OTLY) reported quarterly results and provided upbeat 2021 revenue guidance [more]
  • CureVac (CVAX) and GSK (GSK) said that CV2CoV showed improved immune response in a preclinical study [more]


2. WALL STREET CALLS: 

  • Chipotle (CMG) downgraded to Outperform from Strong Buy at Raymond James [more]
  • Honest's (HNST) weaker results send analysts in different directions as Guggenheim upgrades, Morgan Stanley downgrades shares [more]
  • Sonos (SONO) upgraded to Buy from Hold at Jefferies [more]
  • Darling Ingredients (DAR) added to Focus List at Citi [more]
  • Roth Capital says "it's time," upgrades Planet Fitness (PLNT) to Buy [more]


3. AROUND THE WEB: 

  • T-Mobile (TMUS) investigating claims of customer data breach, Reuters reports [more]
  • Intel (INTC) CEO pitches multi-billion chip plant plan to U.S. officials, WSJ reports [more]
  • Ayr Wellness (AYRWF) said to buy THC-drink maker Cultivauna, Bloomberg reports [more]
  • Chinese authorities say Alibaba (BABA) employee abused multiple times, WSJ reports [more]
  • State Street (STT) vacating Midtown Manhattan offices, WSJ reports [more]


4. MOVERS: 

  • Travere (TVTX) higher after announcing the results from its Phase 3 PROTECT study of sparsentan [more]
  • Walmart (WMT) gains ahead of earnings after R5 Capital analyst Scott Mushkin upgraded the stock to Buy from Hold  [more]
  • PG&E (PCG) higher after RBC Capital analyst Shelby Tucker upgraded the stock to Outperform from Sector Perform with an unchanged price target of $14 [more]
  • Sesen Bio (SESN) continues lower after reporting Friday afternoon that it received a Complete Response Letter from the FDA regarding the Biologics License Application for Vicineum [more]
  • Paysafe (PSFE) and DouYu (DOYU) lower in New York after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Oatly Group (OTLY) sees 2021 revenue exceeding consensus forecast [more]
  • Clear Secure (YOU) reports not as steep as projected Q2 loss [more]
  • LivaNova (LIVN) raises FY21 EPS view [more]
  • DouYu (DOYU) reports Q2 adjusted loss not as steep as consensus forecast [more]
  • Paysafe (PSFE) reports Q2 results, reaffirms FY21 revenue view [more]


INDEXES: 

Near midday, the Dow was down 54.44, or 0.15%, to 35,460.94, the Nasdaq was down 135.41, or 0.91%, to 14,687.49, and the S&P 500 was down 14.89, or 0.33%, to 4,453.11.

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