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JNJ, UBER, RDS.A...
9/21/2021 12:09pm
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: 

  • Johnson & Johnson (JNJ) said its booster shot at two months provided 94% COVID-19 protection in the U.S. [more]
  • Uber (UBER) raised its Q3 adjusted EBITDA view, said it saw company's first months of Adjusted EBITDA profitability in July and August 2021 [more]
  • Shell (RDS.A) agreed to sell its Permian interest to ConocoPhillips (COP) for $9.5B [more]
  • U.S. Bancorp (USB) agreed to acquire MUFG Union Bank (MUFG) for $8B in cash and stock [more]
  • Walgreens (WBA) announced a $970M investment in specialty pharma care firm Shields [more]


2. WALL STREET CALLS: 

  • Vail Resorts (MTN) upgraded to Overweight from Sector Weight at KeyBanc [more]
  • Jefferies upgrades Steven Madden (SHOO) to Buy on "best-in-class" supply chain [more]
  • Big Lots (BIG) downgraded to Neutral from Overweight at Piper Sandler [more]
  • Bausch Health (BHC) has 50% upside based on sum-of-the-parts, says JPMorgan [more]
  • Apple (AAPL) iPhone 13 initial waits extended versus 12 cycle, says Credit Suisse [more]


3. AROUND THE WEB: 

  • Entain (GMVHF) confirmed receipt of a takeover proposal from DraftKings (DKNG) that CNBC's David Faber reported this morning is worth $20B [more]
  • The FDA is expected to announce a Pfizer (PFE) booster decision tomorrow, Bloomberg reports [more]
  • The DOJ will challenge the alliance between American Air (AAL) and JetBlue (JBLU) as anticompetitive, WSJ says [more]
  • Apple (AAPL) is working on iPhone technology to help detect depression, WSJ reports [more]
  • Elliott Management has quietly reduced its stake in SoftBank (SFTBY), NY Post reports [more]


4. MOVERS: 

  • Rekor Systems (REKR) higher after announcing the pilot deployment of its traffic management technology with the Utah Department of Transportation and Utah Department of Public Safety [more]
  • Upstart (UPST) increases after WSFS Bank (WSFS) announced it launched a digital personal loans product powered by Upstart [more]
  • Alcoa (AA) declines after announcing plans to restart aluminum smelting capacity at Alumar in Brazil [more]
  • SmileDirectClub (SDC) lower after Stifel analyst Jonathan Block downgraded the stock to Hold with a price target of $7, down from $9 [more]
  • Teck Resources (TECK) falls in New York after providing an update on its 2021 production guidance [more]


5. EARNINGS/GUIDANCE: 

  • Lennar (LEN) reported mostly in-line Q3 results [more]
  • Neogen (NEOG) reported better than expected Q1 revenue [more]
  • Conformis (CFMS) lowered its Q3 product revenue guidance [more]
  • Cracker Barrel (CBRL) reported lower than expected Q4 sales and earnings [more]
  • AutoZone (AZO) reported upbeat Q4 results [more]


INDEXES: 

Near midday, the Dow was up 162.70, or 0.48%, to 34,133.17, the Nasdaq was up 100.31, or 0.68%, to 14,814.21, and the S&P 500 was up 19.45, or 0.45%, to 4,377.18.

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