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CVX, EVGO, RDS.A...
11/15/2021 16:11pm
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:

  • Royal Dutch Shell (RDS.A) has proposed to change its name to Shell plc and move its headquarters to Britain [more]
  • Elon Musk taunts Bernie Sanders, suggests sale of more Tesla (TSLA) stock in tweet [more]
  • Mantle Ridge reported a 5.7% stake in Dollar Tree (DLTR) [more]
  • American Tower (AMT) agreed to acquire CoreSite Realty (COR) for $170 per share in cash [more]
  • Restaurant Brands (QSR) agreed to acquire Firehouse Subs for $1B in an all-cash transaction [more]

2. WALL STREET CALLS:

  • Morgan Stanley starts Crowdstrike (CRWD) at Underweight amid competitive pressure [more]
  • Chevron (CVX) upgraded to Buy at UBS on higher oil price expectations [more]
  • EVgo (EVGO) downgraded to Neutral from Outperform at Credit Suisse [more]
  • Blink Charging (BLNK) upgraded to Buy from Neutral at H.C. Wainwright [more]
  • 23andMe (ME) downgraded to Neutral from Buy at Citi [more]

3. AROUND THE WEB:

  • Roblox (RBLX) is looking to bring educational video games to classrooms, WSJ reports [more]
  • Intel (INTC) has dropped plans to make wafers in China to ease shortages, Bloomberg reports [more]
  • Boeing (BA) is "getting close" to resuming 787 deliveries, Reuters reports [more]
  • Globus Medical (GMED) made a takeover approach to NuVasive (NUVA), Bloomberg says [more]
  • McDonald's (MCD) has reached new partnership deals with DoorDash (DASH) and Uber Eats (UBER), Restaurant Business reports [more]

4. MOVERS:

  • EyePoint (EYPT) surges after reporting interim safety and efficacy data from its Phase 1 DAVIO trial [more]
  • CyrusOne (CONE) rises after being acquired by KKR (KKR) and GIP for $90.50 per share in cash [more]
  • Vivint Smart Home (VVNT) higher after providing "beat and raise" report for Q3 [more]
  • BioXcel Therapeutics (BTAI) slips after Goldman Sachs analyst Corinne Jenkins double downgraded the stock to Sell from Buy [more]
  • Telos (TLS) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • Casper Sleep (CSPR) reported downbeat Q3 earnings and agreed to be acquired by Durational Capital for $6.90 per share [more]
  • Tyson Foods (TSN) reported upbeat Q4 earnings and revenue [more]
  • Splunk (SPLK) reported preliminary Q3 revenue and announced the departure of CEO Doug Merritt [more]
  • Oatly Group (OTLY) reported Q3 sales that missed consensus expectations [more]
  • Butterfly Network (BFLY) provided downbeat FY21 revenue guidance [more]

INDEXES:

The Dow fell 12.86, or 0.036%, to 36,087.45, the Nasdaq lost 7.11, or 0.045%, to 15,853.85, and the S&P 500 declined 0.05, or 0.0011%, to 4,682.80.

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