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AAPL, KHC, AVGO...
9/3/2021 16:09pm
Wall Street in Fives - Must Read Lists for Friday

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:

  • Apple (AAPL) has delayed new children protection features following feedback [more]
  • Kraft Heinz (KHC) will pay $62M to settle SEC accounting scheme charges [more]
  • Broadcom (AVGO) reported upbeat Q3 earnings and revenue [more]
  • HP Enterprise (HPE) provided a "beat and raise" report for Q3 [more]
  • Kansas City Southern's (KSU) board will open talks with Canadian Pacific (CP), CNBC reports [more]

2. TOP CALLS:

  • Barclays upgraded Baxter (BAX) to Equal Weight after its deal for Hill-Rom (HRC) [more]
  • Vipshop (VIPS) downgraded to Neutral from Buy at UBS [more]
  • Brigham Minerals (MNRL) downgraded to Equal Weight from Overweight at Wells Fargo [more]
  • Daiwa upgraded Youdao (DAO) to Hold from Underperform [more]
  • Forte Biosciences (FBRX) downgraded to Sell from Buy at Chardan [more]

3. AROUND THE WEB:

  • Beijing is weighing taking DiDi (DIDI) under state control, Bloomberg reports [more]
  • Japan is poised to support the Kioxia-Western Digital (WDC) deal with conditions, Reuters says [more]
  • Chevron (CVX) is meeting with Engine No. 1 to prepare for an activist challenge, WSJ reports [more]
  • Meanwhile, Chevron is also looking to sell Eagle Ford Basin assets for as much as $3.8B, Reuters says [more]
  • Moderna (MRNA) booster application has "insufficient data," NY Times reports [more]

4. MOVERS:

  • Impel NeuroPharma (IMPL) jumps after announcing FDA approval of TRUDHESA [more]
  • Spok (SPOK) rises after initiating review of strategic alternatives [more]
  • FuboTV (FUBO) higher after Fubo Gaming was granted a Manage Service Provider Certification from the Arizona Department of Gaming [more]
  • Forte Biosciences (FBRX) lower after its FB-401 trial failed to meet statistical significance [more]
  • Yext (YEXT) falls after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • PagerDuty (PD) reported upbeat Q2 results [more]
  • Joann (JOAN) reported downbeat Q2 results [more]
  • Guidewire (GWRE) also reported better-than-expected Q4 earnings and revenue [more]
  • MongoDB (MDB) provided upbeat FY22 guidance [more]
  • DocuSign (DOCU) reported upbeat Q2 results [more]

INDEXES:

The Dow fell 74.73, or 0.21%, to 35,369.09, the Nasdaq gained 32.34, or 0.21%, to 15,363.52, and the S&P 500 declined 1.52, or 0.034%, to 4,535.43.

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