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10/20/2021 16:10pm
Wall Street in Fives - Must Read Lists for Wednesday

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:

  • Netflix (NFLX) reported better than expected Q3 earnings, including 4.38M global streaming paid net additions [more]
  • Novavax (NVAX) said to be running into production issues with COVID-19 vaccine, which company denies [more]
  • Verizon (VZ) reported Q3 results and raised its FY21 adjusted earnings guidance [more]
  • Micron (MU) will invest over $150B in manufacturing and R&D investments [more]
  • United Airlines (UAL) reported upbeat Q3 results [more]

2. WALL STREET CALLS:

  • Deutsche Bank downgrades Netflix (NFLX) on valuation, keeps $590 price target [more]
  • Ford (F) upgraded to Outperform from Neutral at Credit Suisse [more]
  • Mizuho downgraded Qorvo (QRVO), Micron (MU) and Western Digital (WDC), all to Neutral from Buy [more]
  • Guggenheim downgraded four solar stocks, including First Solar (FSLR), to Neutral on rising estimate risk [more]
  • Synchrony (SYF) downgraded to Neutral from Overweight at JPMorgan [more]

3. AROUND THE WEB:

  • PayPal (PYPL) is exploring a possible acquisition of Pinterest (PINS) for around $70 per share, Bloomberg says [more]
  • Facebook (FB) is planning on changing its name to reflect its new metaverse focus, The Verge reports [more]
  • The new Exxon Mobil (XOM) board is questioning some planned investments, WSJ reports [more]
  • DuPont (DD) and Chemours (CC) have downplayed the dangers of their chemicals, NY Times reports [more]
  • White Diamond issued a short report on NextPlay Technologies (NXTP) [more]

4. MOVERS:

  • Radius Health (RDUS) higher after saying its EMERALD trial met both its primary endpoints [more]
  • Rite Aid (RAD) rises after Deutsche Bank raised the firm’s price target on the stock to $15 from $13 [more]
  • Canadian National Railway (CNI) gains in New York after reporting quarterly results [more]
  • ATI Physical Therapy (ATIP) lower after CJS Securities analyst Larry Solow downgraded the stock to Market Perform from Outperform [more]
  • Healthcare Services (HCSG) falls after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • Biogen (BIIB) provided a "beat and raise" report for Q3 [more]
  • Brinker (EAT) reported downbeat Q1 earnings excluding items [more]
  • Abbott (ABT) also provided a "beat and raise" report for Q3 [more]
  • Canadian Pacific (CP) reiterated 2021 earnings growth guidance [more]
  • Anthem (ANTM) issued a "beat and raise" report for Q3 as well [more]

INDEXES:

The Dow rose 152.03, or 0.43%, to 35,609.34, the Nasdaq lost 7.41, or 0.049%, to 15,121.68, and the S&P 500 advanced 16.56, or 0.37%, to 4,536.19.

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