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FL, WDAY, MRNA...
11/19/2021 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: 

  • Foot Locker (FL) provided a "beat and raise" report for Q3 [more]
  • Workday (WDAY) reported quarterly results, promoted Barbara Larson to CFO, and agreed to acquire VNDLY for $510M [more]
  • The COVID-19 vaccine boosters from Moderna (MRNA) and Pfizer (PFE) and BioNTech (BNTX) received expanded emergency use authorization from the FDA [more]
  • Intuit (INTU) reported upbeat Q1 earnings and revenue [more]
  • Palo Alto Networks (PANW) reiterated its FY22 earnings guidance [more]


2. WALL STREET CALLS: 

  • Walmart (WMT) upgraded to Buy from Neutral at MKM Partners [more]
  • Datadog (DDOG) upgraded to Outperform from Sector Perform at RBC Capital [more]
  • Snowflake (SNOW) downgraded to Neutral on valuation at Rosenblatt [more]
  • Zendesk (ZEN) downgraded to Market Perform from Outperform at Cowen [more]
  • Sirius XM (SIRI) downgraded to Underweight om slowing growth at Barclays [more]


3. AROUND THE WEB: 

  • Boeing (BA) has slowed down 787 Dreamliner production amid a cargo door issue, WSJ reports [more]
  • Ford (F) wants to sell its stake in Rivian Automotive (RIVN), CNBC says [more]
  • Meanwhile, Ford is seeking to boost electric vehicle production to 600,000 vehicles by 2023, Automotive News reports [more]
  • Roku (ROKU) intends to develop more original shows over the next two years, WSJ says [more]
  • Facebook (FB) is offering payments to creators to host Live Audio Rooms, The Information reports [more]


4. MOVERS: 

  • UWM Holdings (UWMC) jumps after accelerating its buyback in lieu of a secondary offering [more]
  • Gracell (GRCL) rises after receiving fast track designation for GC012F from the FDA [more]
  • Rover Group (ROVR) higher after an 11M share secondary priced at $10.00 [more]
  • 21Vianet (VNET) falls after Goldman Sachs analyst Tina Hou double downgraded the stock to Sell from Buy [more]
  • The Buckle (BKE) lower after reported quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Farfetch (FTCH) reported mixed Q3 results [more]
  • Applied Materials (AMAT) reported downbeat Q4 earnings and revenue [more]
  • Williams-Sonoma (WSM) provided a "beat and raise" report for Q3 [more]
  • Post Holdings (POST) reported downbeat Q4 earnings [more]
  • BellRing Brands (BRBR) provided FY22 revenue guidance [more]


INDEXES: 

Near midday, the Dow was down 167.19, or 0.47%, to 35,703.76, the Nasdaq was up 114.32, or 0.71%, to 16,108.03, and the S&P 500 was up 8.21, or 0.17%, to 4,712.75.

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