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MRNA, PYPL, HTZZ...
10/25/2021 16:10pm
Wall Street in Fives - Must Read Lists for Monday

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:

  • Moderna (MRNA) reported "positive" interim data from the KidCOVE study of its COVID-19 vaccine in children [more]
  • PayPal (PYPL) said it is not pursuing a Pinterest (PINS) acquisition "at this time" [more]
  • Tesla (TSLA) market cap exceeded $1T after Hertz (HTZZ) announced an initial 100,000-vehicle order with the EV maker [more]
  • Kimberly-Clark (KMB) declines after reporting quarterly results [more]
  • Restaurant Brands (QSR) reported downbeat Q3 results [more]

2. WALL STREET CALLS:

  • Micron (MU) initiated with an Underperform at Bernstein [more]
  • Goldman started Warby Parker (WRBY) with a Buy, while analysts at Morgan Stanley and Evercore were less bullish on the current valuation [more]
  • Citi downgrades Carnival (CCL) to Neutral, sees more upside in Norwegian (NCLH) [more]
  • Whirlpool (WHR) downgraded to Underperform from Sector Perform at RBC Capital [more]
  • Five9 (FIVN) upgraded to Overweight from Sector Weight at KeyBanc [more]

3. AROUND THE WEB:

  • Citron Research put a $55 price target on Marqeta (MQ) [more]
  • Spruce Point started Heska (HSKA) with a "Strong Sell," sees 50%-60% downside risk [more]
  • A Facebook (FB) test account was radicalized "within days" in 2019, NBC News reports [more]
  • Exxon Mobil (XOM) is considering pay increases to halt "major" attrition, Bloomberg reports [more]
  • Iceberg Research announced a short position in Digital World Acquisition (DWAC) [more]

4. MOVERS:

  • Bakkt Holdings (BKKT) surges after announcing crypto partnerships with MasterCard (MA) and Fiserv (FISV) [more]
  • XPeng (XPEV) higher in New York after revealing plans to develop flying cars and smart robots [more]
  • Aurinia Pharmaceuticals (AUPH) rises in New York after Bloomberg reported Friday night that Bristol-Myers (BMY) has expressed interest in buying the company [more]
  • Tellurian (TELL) gains after announcing it will transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American [more]
  • Revance (RVNC) lower after Wells Fargo analyst Jacob Hughes downgraded the stock to Equal Weight [more]

5. EARNINGS/GUIDANCE:

  • MagnaChip (MX) reported upbeat Q3 earnings and revenue [more]
  • Lennox (LII) reported downbeat Q3 results [more]
  • Community Financial (TCFC) reported better than expected Q3 earnings [more]
  • HNI Corporation (HNI) provided Q4 revenue growth guidance [more]
  • HSBC (HSBC) also reported upbeat Q3 earnings [more]

INDEXES:

The Dow rose 64.13, or 0.18%, to 35,741.15, the Nasdaq gained 136.51, or 0.90%, to 15,226.71, and the S&P 500 advanced 21.58, or 0.47%, to 4,566.48.

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