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VOLT, CODA, GURE...
9/14/2021 16:09pm
Wall Street in Fives - Must Read Lists for Tuesday

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:

  • At its "California Streaming" virtual event, Apple (AAPL) unveiled a number of new products, including a new iPhone, Apple Watch, and iPad [more]
  • Oracle (ORCL) reported lower than expected Q1 revenue [more]
  • Intuit (INTU) agreed to acquire Mailchimp in a roughly $12B cash and stock deal [more]
  • Goldman Sachs (GS) named Denis Coleman III as its next CFO, replacing the retiring Stephen Scherr [more]
  • Veoneer (VNE) confirmed receipt of Qualcomm's (QCOM) takeover bid, but said its previously agreed upon deal with Magna (MGA) remains in full force and effect [more]

2. WALL STREET CALLS:

  • Amazon (AMZN) price target raised to $4,700 from $4,200 at Evercore ISI [more]
  • Microsoft (MSFT) price target raised to $331 from $305 at Morgan Stanley [more]
  • Morgan Stanley, "cautiously selective" in EV space, starts Lucid Group (LCID) at Underweight [more]
  • Lion Electric (LEV) initiated with an Outperformer at CIBC [more]
  • Comcast (CMCSA) talked down Q3 internet net additions, says KeyBanc [more]

3. AROUND THE WEB:

  • Senator Elizabeth Warren has asked the Federal Reserve to break up Wells Fargo (WFC), NY Times reports [more]
  • Facebook (FB) and Twitter (TWTR) have been fined by Russia over content deemed illegal, Reuters reports [more]
  • SEC Chair Gary Gensler said the SEC is getting ready to publish a post-mortem of the GameStop (GME) trading saga "shortly," Reuters says [more]
  • Citron Research said RealReal (REAL) shares are going to $30 in 12 months [more]
  • Comcast (CMCSA) is facing a bidding war for English Premier League rights, Bloomberg reports [more]

4. MOVERS:

  • Angie's List (ANGI) rises after reporting August monthly revenue up 21% [more]
  • Soaring Eagle Acquisition (SRNG) higher after its deal with Ginkgo Bioworks (DNA) was approved by shareholders [more]
  • Crox (CROX) jumps after guiding for revenues of over $5B by 2026 [more]
  • Figs (FIGS) slides after filing to sell 8.83M shares of Class A common stock for holders [more]
  • Herbalife Nutrition (HLF) falls after lowering Q3, FY21 guidance [more]

5. EARNINGS/GUIDANCE:

  • FuelCell Energy (FCEL) reported upbeat Q3 results [more]
  • Core & Main (CNM) reported downbeat Q2 earnings [more]
  • Gulf Resources (GURE) provided Q3 and 2021 revenue guidance [more]
  • Coda Octopus (CODA) reported upbeat Q3 earnings and revenue [more]
  • Volt Information Sciences (VOLT) also reported upbeat Q3 results [more]

INDEXES:

The Dow fell 292.06, or 0.84%, to 34,577.57, the Nasdaq lost 67.82, or 0.45%, to 15,037.76, and the S&P 500 declined 25.68, or 0.57%, to 4,443.05.

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