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11/16/2021 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: 

  • Walmart (WMT) provided a "beat and raise" report for Q3 [more]
  • Home Depot (HD) reported better than expected Q3 sales and earnings [more]
  • Pfizer (PFE) and MPP signed a license agreement for antiviral treatment candidate PF-07321332 [more]
  • Peloton (PTON) confirmed a 23.9M share offering priced at $46 [more]
  • Aramark (ARMK) reported upbeat Q4 earnings and revenue [more]


2. WALL STREET CALLS: 

  • QuantumScape (QS) cut to Equal Weight at Morgan Stanley on threat of competition [more]
  • Atlantic Equities downgrades Robinhood (HOOD) on "abrupt cessation" of user growth [more]
  • Avis Budget (CAR) downgraded to Underweight from Equal Weight at Barclays [more]
  • Nvidia (NVDA) price target raised to $400 from $225 at Credit Suisse [more]
  • Allegiant Travel (ALGT) upgraded to Buy from Neutral at Goldman Sachs [more]


3. AROUND THE WEB: 

  • Activision Blizzard (ATVI) CEO Bobby Kotick was aware of claims of employee misconduct in many parts of the company, WSJ says [more]
  • Amazon (AMZN) scrapped its Jersey City office deal, Bloomberg reports [more]
  • Twitter (TWTR) CFO Ned Segal told the Wall Street Journal that investing in crypto "doesn't make sense right now" [more]
  • Horizon Therapeutics (HZNP) lost its bid to block a generic form of Duexis, Bloomberg says [more]
  • Google (GOOGL) told staff that the Pentagon contract won't go against its principles, NY Times says [more]


4. MOVERS: 

  • Amarin (AMRN) higher in New York after announcing new data on Vascepa/Vazkepa [more]
  • Rocket Lab (RKLB) rise after announcing definitive agreement to acquire Planetary Systems Corporation for $42M [more]
  • Romeo Power (RMO) and Canoo (GOEV) gain after reporting quarterly results [more]
  • Clover Health (CLOV) down after filing to sell 35M shares of its stock [more]
  • Riskified (RSKD), The Beachbody Company (BODY), Traeger (COOK), and Danimer Scientific (DNMR) fall after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Warner Music (WMG) reported downbeat Q3 earnings [more]
  • Talkspace (TALK) reported downbeat Q3 revenue [more]
  • Jumia Technologies (JMIA) reported year-over-year revenue growth in Q3 [more]
  • RMR Group (RMR) reported upbeat Q4 earnings [more]
  • Griffon (GFF) reported downbeat Q4 results [more]


INDEXES: 

Near midday, the Dow was up 178.61, or 0.49%, to 36,266.06, the Nasdaq was up 101.22, or 0.64%, to 15,955.07, and the S&P 500 was up 23.80, or 0.51%, to 4,706.60.

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