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10/22/2021 12:10pm
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: 

  • Intel (INTC) provided a "beat and raise" report for Q3, but stock sinks on capital spending plans [more]
  • Snap (SNAP) reported better than expected Q3 earnings, but provided a worse than expected revenue outlook for Q4 [more]
  • A CDC panel unanimously backed Moderna's (MRNA) and Johnson & Johnson's (JNJ) COVID vaccine boosters [more]
  • Honeywell (HON) narrowed its FY21 earnings guidance [more]
  • American Express (AXP) reported upbeat Q3 results [more]


2. WALL STREET CALLS: 

  • Intel (INTC) downgraded by no less than three Wall Street firms and targets were cut at many others after the company's quarterly report [more]
  • JPMorgan upgrades Zoom Video (ZM) to Overweight on attractive risk/reward [more]
  • Nvidia (NVDA) upgraded to Buy from Sell at Summit Insights [more]
  • Moderna (MRNA) initiated with a Sell at Deutsche Bank [more]
  • Citi upgrades "too cheap to ignore" Urban Outfitters (URBN) to Buy [more]


3. AROUND THE WEB: 

  • Italy plans to coax Intel (INTC) into building a chipmaking plant, Reuters reports [more]
  • Micron (MU) will install EUV tools at Taiwan plants in 2024, DigiTimes says [more]
  • Carvana (CVNA) faces fines and disciplinary actions in several states, WSJ reports [more]
  • Western Digital (WDC) and Kioxia merger talks have been put on hold, WSJ says [more]
  • BAT (BTI) invests in energy and wellness drink startup Tru, Bloomberg reports [more]


4. MOVERS: 

  • Digital World Acquisition (DWAC) continues climb after announcing Trump Media deal yesterday [more]
  • Athira Pharma (ATHA) rises after completing enrollment in its Phase 2 ACT-AD trial of ATH-1017 [more]
  • Cleveland-Cliffs (CLF) higher after reporting quarterly results [more]
  • Ocular Therapeutix (OCUL) slips after announcing that the OTX-CSI trial did not meet its primary endpoint [more]
  • HCA Healthcare (HCA) lower after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Mattel (MAT) provided a "beat and raise" report for Q3 [more]
  • Boston Beer (SAM) reported downbeat Q3 earnings [more]
  • Beyond Meat (BYND) lowered its Q3 revenue guidance [more]
  • Seagate (STX) reported upbeat Q1 revenue [more]
  • Regions Financial (RF) reported upbeat Q3 results [more]


INDEXES: 

Near midday, the Dow was down 12.43, or 0.03%, to 35,590.65, the Nasdaq was down 155.67, or 1.02%, to 15,060.03, and the S&P 500 was down 18.00, or 0.40%, to 4,531.78.

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