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BCS, MRNA, KO...
11/1/2021 12:11pm
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: 

  • Barclays (BCS) CEO Jes Staley stepped down following an Epstein probe [more]
  • Moderna (MRNA) said the FDA needs more time to complete a review of its COVID-19 shot for teens [more]
  • Coca-Cola (KO) acquired full ownership of BodyArmor, buying the remaining stake it didn't own for $5.6B in cash [more]
  • Comtech (CMTL) confirmed receipt of an unsolicited takeover proposal from Acacia Research (ACTG) [more]
  • PG&E (PCG) reported quarterly results, noting it recorded a $1.15B liability in Q3 related to the Dixie fire [more]


2. WALL STREET CALLS: 

  • Stephens upgrades Starbucks to Overweight, calls viewing recently announced wage hikes as a negative "shortsighted" [more]
  • Shake Shack (SHAK) upgraded to Buy from Hold at Truist [more]
  • Crowdstrike (CRWD) downgraded to Neutral from Buy at BTIG [more]
  • BofA cuts Lockheed Martin (LMT) to Neutral on slowing growth, "inconsistent" strategy [more]
  • Northland downgrades AMD (AMD) on slowing growth, upgrades Intel (INTC) on foundry chances [more]


3. AROUND THE WEB: 

  • Digital Currency Group is selling shares to SoftBank (SFTBY) and Google (GOOGL) in a deal valuing the crypto conglomerate at over $10B, CNBC says [more]
  • JPMorgan (JPM) will continue to back Adler despite allegations, FT reports [more]
  • Shanghai Disney (DIS) suspended entry on Halloween, CNBC reports [more]
  • A German labor union called for strikes at seven Amazon (AMZN) sites, Reuters reports [more]
  • WSJ reports on Roblox (RBLX) outage late last week that continued through Sunday afternoon [more


4. MOVERS:  

  • ANI Pharmaceuticals (ANIP) increases after reporting quarterly results and after announcing the FDA approved the company’s sNDA for Purified Cortrophin Gel [more]
  • Golden Star (GSS) higher in New York after announcing it will be acquired by Chifeng Jilong Gold in an all-cash offer valued at $470M [more]
  • Desktop Metal (DM) gains after announcing the opening of a new in-house manufacturing facility [more]
  • Lithium Americas (LAC) down after submitting an unconditional offer to acquire Millennial Lithium for C$4.70 per share [more]
  • Oil States (OIS) lower after reporting quarterly results [more


5. EARNINGS/GUIDANCE: 

  • Franklin Resources (BEN) reported preliminary Q4 results and agreed to acquire Lexington Partners for $1.75B [more]
  • Kulicke & Soffa (KLIC) provided upbeat Q4 revenue guidance [more]
  • Alexander's (ALX) reported downbeat Q3 FFO [more]
  • ON Semiconductor (ON) reported upbeat Q3 results [more]
  • Essential Utilities (WTRG) reported downbeat Q3 results [more


INDEXES: 

Near midday, the Dow was up 48.66, or 0.14%, to 35,868.22, the Nasdaq was up 65.23, or 0.42%, to 15,563.62, and the S&P 500 was up 2.56, or 0.06%, to 4,607.94.

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