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: 

• PepsiCo (PEP) reported upbeat Q3 earnings and revenue [more]
• Johnson & Johnson (JNJ) has submitted data in support of a COVID-19 booster shot to the FDA [more]
  
• Following an hourslong outage yesterday, Facebook (FB) CTO Mike Schroepfer said that it "may take some time" for the company's platforms and services to get to 100% functionality [more]
  
• Southwest (LUV) will require all of its employees to become vaccinated against COVID-19 in cooperation with President Biden's COVID Action Plan [more]
  
• Lululemon's (LULU) board of directors approved a $500M increase to the company's share repurchase program [more]
  

2. WALL STREET CALLS: 

• Albertsons (ACI), Sprouts Farmers Market (SFM) cut to Underperform at BMO Capital [more]
• Lordstown Motors (RIDE) downgraded to Underweight from Equal Weight at Morgan Stanley [more]
  
• CommScope (COMM) downgraded to Neutral from Outperform at Credit Suisse [more]
  
• Snap (SNAP) remained favorite app among teens in Piper's semi-annual survey [more]
  
• Clearway Energy (CWEN) upgraded to Outperform from In Line at Evercore ISI [more]
  

3. AROUND THE WEB: 

• Southwest Gas (SWX) is nearing a deal to buy Dominion's (D) Questar, Reuters reports [more]
• Meanwhile, Carl Icahn has taken a significant stake in Southwest Gas and is pushing the company to abandon the Questar deal, WSJ says [more]
  
• Kerrisdale Capital said it is short Camber Energy (CEI) [more]
  
• Invesco (IVZ) and State Street (STT) are in talks to merge asset management operations, FT reports [more]
  
• Tesla (TSLA) has accused Rivian of stealing trade secrets, Bloomberg reports [more]
  

4. MOVERS: 

• Hyzon Motors (HYZN) rises after issuing a statement that said the short seller report by Blue Orca released late September was “inaccurate and misleading” [more]
• SmileDirectClub (SDC) increases after announcing the United States Patent & Trademark Office will issue a patent on the company’s SmileBus concept [more]
  
• Agrify (AGFY) higher after acquiring Precision Extraction Solutions and Cascade Science [more]
  
• UpHealth (UPH) lower after announcing a 23M share offering priced at $1.75 [more]
  
• Atea Pharmaceuticals (AVIR) falls after Morgan Stanley analyst Matthew Harrison downgraded the stock to Equal Weight from Overweight with a $55 price target [more]
  

5. EARNINGS/GUIDANCE: 

• Comtech (CMTL) reported lower than expected Q4 results [more]
• Duckhorn Portfolio (NAPA) reported upbeat Q4 results [more]
  
• Biohaven Pharmaceuticals (BHVN) provided Q3 NURTEC ODT product revenue guidance [more]
  
• Booz Allen (BAH) reaffirmed FY22 adjusted earnings guidance [more]
  
• Sandstorm Gold (SAND) reported preliminary Q3 revenue [more]
  

INDEXES: 

Near midday, the Dow was up 466.06, or 1.37%, to 34,468.98, the Nasdaq was up 230.36, or 1.62%, to 14,485.84, and the S&P 500 was up 64.98, or 1.51%, to 4,365.44.