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9/20/2021 16:09pm
Wall Street in Fives - Must Read Lists for Monday

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:

  • Pfizer (PFE) and BioNTech (BNTX) said a recent trial of their COVID-19 vaccine in children aged 5-11 years showed a "favorable" safety profile [more]
  • Brooks Automation (BRKS) agreed to sell its semiconductor solutions group business to Thomas H. Lee for $3B [more]
  • Twitter (TWTR) will pay $809.5M to settle a class action lawsuit [more]
  • Coinbase (COIN) has officially launched Coinbase Prime to all institutions, shelved plans to launch crypto lending program [more]
  • GM (GM) said Chevrolet Bolt electric battery production resumes [more]

2. WALL STREET CALLS:

  • Texas Instruments (TXN) downgraded to Neutral from Buy at Longbow [more]
  • Novartis (NVS) downgraded to Sell from Hold at Deutsche Bank [more]
  • Morgan Stanley upgrades Teradata (TDC) to Overweight, says Cloud business underappreciated [more]
  • Oatly Group (OTLY) initiated with a Buy at Citi [more]
  • Ginkgo Bioworks (DNA) initiated with a Buy at HSBC [more]

3. AROUND THE WEB:

  • The U.S. plans to ease travel restrictions for international visitors, CNBC reports [more]
  • Didi (DIDI) co-founder and president Jean Liu plans to step down, Reuters reports [more]
  • TripAdvisor (TRIP) intends to reverse course on subscriptions to cash-back model, Skift says [more]
  • Facebook (FB) leaders are worrying whether the platform has gotten "too big," WSJ reports [more]
  • SEC investigating Activision Blizzard (ATVI) over sexual harassment claims, WSJ says [more]

4. MOVERS:

  • Synlogic (SYBX) jumps after announcing SYNB1618 demonstrated clinically meaningful reductions of phenylalanine at several dose levels and SYNB1934 demonstrated two-fold higher activity than SYNB1618 in a head-to-head Phase 1 study in healthy volunteers [more]
  • Verastem (VSTM) rises after announcing a clinical collaboration agreement with Amgen (AMGN) to evaluate the combination of VS-6766, Verastem Oncology's investigational dual RAF/MEK inhibitor, with Amgen's KRAS G12C inhibitor Lumakras in KRAS G12C-mutant non-small cell lung cancer [more]
  • SmileDirectClub (SDC) higher as the stock is the highest trending ticker on WallStreetBets Reddit thread and is also in the top-10 on StockTwits in terms of message volume over the past 24 hours [more]
  • Teladoc (TDOC) slips after affirming its Q3 and FY21 outlook and after COO David Sides resigned [more]
  • Wynn Resorts (WYNN) lower after Jim Chanos said the stock should be trading in the $40s [more]

5. EARNINGS/GUIDANCE:

  • Cognyte (CGNT) provided "beat and raise" report for Q2 [more]
  • Adagio Therapeutics (ADGI) reported year-over-year growth in Q2 EPS [more]
  • Personalis (PSNL) affirmed its Q3 and FY21 revenue outlook [more]
  • Molina Healthcare (MOH) reiterated its FY21 EPS and revenue guidance [more]
  • D.R. Horton (DHI) slashed its revenue view for Q4 and FY21 [more]

INDEXES:

The Dow fell 614.41, or 1.78%, to 33,970.47, the Nasdaq lost 330.07, or 2.19%, to 14,713.90, and the S&P 500 declined 75.26, or 1.7%, to 4,357.73.

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