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IAC, TWTR, PFE...
10/7/2021 16:10pm
Wall Street in Fives - Must Read Lists for Thursday

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: 

  • IAC's (IAC) Dotdash will acquire Meredeith's (MDP) National Media Group for $42.18 per share [more]
  • Twitter (TWTR) will sell MoPub to AppLovin (APP) for $1.05B in cash [more]
  • Pfizer (PFE) and BioNTech (BNTX) officially submitted an EUA request to the FDA for their COVID-19 vaccine for children [more]
  • Citrix (CTXS) named Bob Calderoni as its interim CEO and updated its Q3 revenue guidance [more]
  • Funds managed by Blackstone Capital (BX) signed a definitive agreement with EQT VII fund and KHF to acquire a majority stake in VFS Global [more]

2. WALL STREET CALLS:

  • Square (SQ) assumed with Buy from Hold at Jefferies [more]
  • Goldman upgrades Nio (NIO) to Buy on ET7's potential, sees 65% upside [more]
  • Morgan Stanley upgrades Five Below (FIVE) to Overweight on "overblown" concerns [more]
  • MoffettNathanson upgrades AT&T (T) to Neutral after "blood-letting"' of shares [more]
  • Pinnacle West (PNW) downgraded to Sell from Buy at Guggenheim [more]

3. AROUND THE WEB:

  • Emerson (EMR) is in talks over a potential tie-up with Aspen Technology (AZPN), Bloomberg says [more]
  • Short seller Bear Cave sees "problems" at Joint Corp. (JYNT) [more]
  • Apple (AAPL) is developing technology to expand its reach within cars, Bloomberg reports [more]
  • Apple and Google (GOOGL) will be investigated by Japan's antitrust watchdog, Nikkei says [more]
  • Faraday Future (FFIE) was named as a short idea by J Capital Research [more]

4. MOVERS:

  • Rocket Lab (RKLB) rises after announcing that it has been selected to launch NASA's Advanced Composite Solar Sail System, or ACS3, on the Electron launch vehicle [more]
  • Merus (MRUS) jumps after presenting early clinical data on MCLA-158 [more]
  • New Fortress (NFE) higher after Scotiabank analyst Alonso Guerra-Garcia said the stock should be bought ahead of earnings [more]
  • Osmotica Pharmaceuticals (OSMT) falls after a 14M share spot secondary priced at $2.50 [more]
  • NeuroRx (NRXP) lower after Relief Therapeutics (RLFTF) announced that it has filed a lawsuit against the company and its CEO, Jonathan Javitt, for multiple breaches of the collaboration agreement between Relief and NeuroRx relating to the development and commercialization of RLF-100 [more]

5. EARNINGS/GUIDANCE:

  • Conagra Brands (CAG) reaffirmed its FY22 adjusted earnings guidance [more]
  • Levi Strauss (LEVI) reported upbeat Q3 results [more]
  • Resources Connection (RGP) also reported upbeat quarterly results [more]
  • Lamb Weston (LW) reported downbeat Q1 results [more]
  • Tilray (TLRY) reported largely in-line Q1 results [more]

INDEXES:

The Dow rose 337.95, or 0.98%, to 34,754.94, the Nasdaq gained 152.10, or 1.05%, to 14,654.02, and the S&P 500 advanced 36.21, or 0.83%, to 4,399.76.

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