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TSLA, T, IBM...
10/21/2021 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:

  • Tesla (TSLA) reported better than expected Q3 results [more]
  • AT&T (T) also reported upbeat quarterly earnings and revenue [more]
  • IBM (IBM) shares fell after the company reported a Q3 revenue miss [more]
  • Pfizer (PFE) and BioNTech (BNTX) said their COVID-19 vaccine booster restores efficacy to 95.6% in a clinical trial [more]
  • Digital World Acquisition (DWAC) shares quadrupled in price after the special purpose acquisition company announced a deal to bring Trump Media & Technology Group public [more]

2. WALL STREET CALLS:

  • LivePerson (LPSN) downgraded to Underweight from Overweight at Barclays [more]
  • Prologis (PLD) upgraded to Conviction Buy from Buy at Goldman Sachs [more]
  • Denny's (DENN) upgraded to Buy from Hold at Truist [more]
  • SVB Leerink downgrades TCR2 (TCRR) on "protracted road" to recovery [more]
  • Vale (VALE) double-downgraded to Underperform from Outperform at RBC Capital [more]

3. AROUND THE WEB:

  • China's internet watchdog has suggested that Didi Global (DIDI) explore a Hong Kong listing, WSJ reports [more]
  • Amazon (AMZN) employee group in New York intends to vote on unionization, WSJ says [more]
  • Micron (MU) is considering setting up a new DRAM fab in Japan, DigiTimes reports [more]
  • Intel (INTC) ended talks with chip designer SiFive without a deal, Bloomberg reports [more]
  • Rogers (RCI) chairman Edward Rogers is seeking to replace five board members, Bloomberg says [more]

4. MOVERS:

  • TriState Capital (TSC) higher after entering into a definitive agreement to be acquired by Raymond James Financial (RJF) and after reporting its quarterly results [more]
  • Kadmon (KDMN) rises after noting neither Sanofi (SNY) nor the company received a standard form letter from the Federal Trade Commission Bureau of Competition during the HSR waiting period, which expired October 20 [more]
  • Skillz (SKLZ) gains after appointing former Amazon (AMZN) executive Vatsal Bhardwaj as Chief Production Officer [more]
  • Match Group (MTCH), other app developers jump after Google cuts services fees on subscriptions [more]
  • Shapeways (SHPW) falls after filing to sell 35.5M shares of its common stock [more]

5. EARNINGS/GUIDANCE:

  • AutoNation (AN) reported upbeat Q3 results [more]
  • Crocs (CROX) also reported better than expected Q3 results [more]
  • Equifax (EFX) raised its FY21 adjusted earnings and revenue guidance [more]
  • Freeport McMoRan (FCX) reported upbeat Q3 adjusted earnings [more]
  • Union Pacific (UNP) also reported upbeat Q3 results [more]

INDEXES:

The Dow fell 6.26, or 0.018%, to 35,603.08, the Nasdaq gained 94.02, or 0.62%, to 15,215.70, and the S&P 500 advanced 13.59, or 0.30%, to 4,549.78.

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