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9/10/2021 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:

  • The judge in the antitrust fight between Apple (AAPL) and Epic Games issued a ruling, finding in favor of Epic on the Tenth Count for violation of California's Unfair Competition Law, with a separate injunction, and in favor of defendant Apple on all other counts [more]
  • Bank of America (BAC) added five new members to its senior management team, including naming Alastair Borthwick its new CFO [more]
  • Affirm (AFRM) reported upbeat Q4 revenue [more]
  • Apellis (APLS) shares are sliding after its Phase 3 DERBY study of pegcetacoplan did not meet its primary endpoint [more]
  • Zscaler (ZS) reported better than expected Q4 earnings and revenue [more]

2. WALL STREET CALLS:

  • Cigna (CI) downgraded to Underperform from Buy at BofA [more]
  • Credit Suisse downgrades Freeport McMoRan (FCX) to sell on copper price risk [more]
  • Editas Medicine (EDIT) upgraded to Outperform from Perform at Oppenheimer [more]
  • Fresenius Medical (FMS) downgraded to Underweight from Neutral at JPMorgan [more]
  • American Tower (AMT), Crown Castle (CCI) and Equinix (EQIX) each downgraded to Perform from Outperform at Oppenheimer [more]

3. AROUND THE WEB:

  • Apple (AAPL) plans to boost its output of new TV shows and movies in 2022, The Information reports [more]
  • Bausch Health (BHC) will pay $300M to settle a Glumetza antitrust suit, Reuters reports [more]
  • Facebook (FB) is developing a machine learning chip, The Information says [more]
  • Sonos (SONO) is raising prices on most of its products on September 12, Engadget reports [more]
  • DigitalBridge (DBRG) is exploring the sale of its Latin America telecom tower owner, Bloomberg reports [more]

4. MOVERS:

  • Endo (ENDP) surges after it settled New York state opioid cases for a total payment of $50M [more]
  • S&W Seed (SANW) rises after entering into a U.S. stevia pilot production supply agreement with Ingredion (INGR) [more]
  • UP Fintech (TIGR) higher after reporting quarterly results [more]
  • Impel NeuroPharma (IMPL) falls after its 3M share secondary offering priced at $15.00 [more]
  • American Outdoor Brands (AOUT) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • Albemarle (ALB) reiterated its FY21 earnings and revenue guidance [more]
  • Kroger (KR) provided a "beat and raise" report for Q2 [more]
  • Dave & Buster's (PLAY) reported upbeat Q2 results [more]
  • Take-Two (TTWO) reiterated its FY22 earnings guidance along with stating that expanded and enhanced versions of Grand Theft Auto V and Grand Theft Auto Online have been delayed [more]
  • Teradata (TDC) provided downbeat FY22 earnings guidance [more]

INDEXES:

The Dow fell 271.66, or 0.78%, to 34,607.72, the Nasdaq lost 132.76, or 0.87%, to 15,115.49, and the S&P 500 declined 34.70, or 0.77%, to 4,458.58.

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