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GOOGL, MSFT, KO...
10/27/2021 13:10pm
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: 

  • Alphabet (GOOGL) reported a Q3 earnings and revenue beat [more]
  • Microsoft (MSFT) also reported better-than-expected Q1 results and provided upbeat Q2 revenue guidance [more]
  • Coca-Cola (KO) reported upbeat Q3 earnings and revenue [more]
  • McDonald's (MCD) reported a 12.7% boost in Q3 global comps [more]
  • General Motors (GM) reported Q3 upside, guided to high end of fiscal year range [more]


2. WALL STREET CALLS: 

  • Cloudflare (NET) downgraded to Hold from Buy at Jefferies [more]
  • Etsy (ETSY) initiated with a Hold at Argus [more]
  • UPS (UPS) downgraded to Hold from Buy at Loop Capital [more]
  • B. Riley starts Redbox (RDBX) with Buy, sees "meaningful upside potential" [more]
  • Goldman ups Tesla (TSLA) target to $1,125 after "important" Hertz (HTZZ) order [more]


3. AROUND THE WEB: 

  • The FTC is looking into Facebook (FB) disclosures for potential violations, WSJ says [more]
  • General Motors (GM) sees the chip shortage lasting into 2022, Bloomberg says [more]
  • Boeing's (BA) low production rate is affecting suppliers, WSJ reports [more]
  • Third Point urging Shell (RDS.A) to split into two after taking stake, WSJ reports [more]
  • Amazon (AMZN) is falling behind on its cashierless grocery store plan, Business Insider reports [more]


4. MOVERS: 

  • Marqeta (MQ) higher after partnering with Bill.com (BILL) to provide commercial card products for Bill.com’s financial institution customers [more]
  • Enphase (ENPH), Harley-Davidson (HOG), and Masco (MAS) gain after reporting quarterly results [more]
  • Cortexyme (CRTX) drops after announcing its Phase 2/3 GAIN trial did not meet its co-primary endpoints [more]
  • StoneCo (STNE) and PagSeguro (PAGS) decline in New York after Viceroy said it is short the two stocks [more]
  • New York Community Bancorp (NYCB), Fiserv (FISV), Alkermes (ALKS), and Six Flags (SIX) fall after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Robinhood (HOOD) reported lower-than-expected Q3 results [more]
  • Visa (V) reported upbeat Q3 results [more]
  • Twitter (TWTR) reported in-line Q3 revenue and quarterly losses [more]
  • Spotify (SPOT) provided Q4 revenue guidance [more]
  • Boeing (BA) reported worse than expected Q3 losses [more]


INDEXES: 

Near 1 pm ET, the Dow was down 117.11, or 0.33%, to 35,639.77, the Nasdaq was up 97.70, or 0.64%, to 15,333.41, and the S&P 500 was up 0.62, or 0.01%, to 4,575.41.

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