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11/5/2021 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: 

  • Pfizer (PFE) reported that its COVID-19 oral antiviral reduced risk of hospitalization or death by 89% in a recent interim analysis of a study, sending its shares higher and rival Merck's (MRK) lower [more]
  • Uber (UBER) reported upbeat Q3 revenue [more]
  • Peloton (PTON) reported downbeat Q1 results and provided worse than expected guidance for Q2 and FY22 [more]
  • Square (SQ) reported downbeat Q3 earnings and revenue [more]
  • Pinterest (PINS) reported better than expected Q3 results [more]


2. WALL STREET CALLS: 

  • Peloton (PTON) gets no less than six downgrades after earnings [more]
  • Citrix (CTXS) downgraded to Underweight on increased uncertainty at Morgan Stanley [more]
  • Skyworks (SWKS) downgraded to Hold from Buy at Summit Insights [more]
  • Shake Shack (SHAK) upgraded to Buy from Neutral at BTIG [more]
  • Nikola (NKLA) downgraded to Neutral from Buy at BTIG [more]


3. AROUND THE WEB: 

  • Prescience Point said it is long Penn National (PENN), sees "huge dislocation" [more]
  • Kroger (KR) said that a press release on accepting "bitcoin cash" this holiday season is fake, Reuters reports [more]
  • JPMorgan's (JPM) refusal to raise its bid for Hertz (HTZZ) in May cost co-investors, NY Post says [more]
  • Intel (INTC) will buy Centaur Technology for $125M, DigiTimes reports [more]
  • Boeing (BA) investors reached a settlement in a 737 MAX board oversight suit, WSJ reports [more]


4. MOVERS: 

  • Lionsgate (LGF.A) surges after saying it is exploring potential alternatives for STARZ [more]
  • TripAdvisor (TRIP) rises after saying it will engage in a EUR2M promotional collaboration with Atout France [more]
  • Expedia (EXPE), Shake Shack (SHAK), and Endo (ENDP) higher after reporting quarterly results [more]
  • Deciphera (DCPH) falls after announcing its INTRIGUE study missed its primary endpoint [more]
  • Emergent BioSolutions (EBS) lower after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • GoPro (GPRO) reported upbeat Q3 results [more]
  • DraftKings (DKNG) reported downbeat Q3 results [more]
  • Airbnb (ABNB) reported upbeat Q3 earnings and revenue [more]
  • Pinnacle West (PNW) provided upbeat FY21 earnings guidance [more]
  • Chemours (CC) provided a "beat and raise" report for Q3 [more]


INDEXES: 

Near midday, the Dow was up 218.26, or 0.60%, to 36,342.49, the Nasdaq was up 86.03, or 0.54%, to 16,026.34, and the S&P 500 was up 26.41, or 0.56%, to 4,706.47.

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