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GPS, JWN, HPQ...
11/24/2021 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: 

  • Gap (GPS) slides after Q3 earnings miss, guidance cut [more]
  • Nordstrom (JWN) drops nearly 30% after Q3 results miss estimates [more]
  • HP Inc. (HPQ) rises after Q4 report and FY22 guidance [more]
  • Dell Technologies (DELL) higher after reporting better than expected Q3 earnings [more]
  • Deere (DE) reported Q4 results, sees demand exceeding industry's ability to produce next year [more]


2. WALL STREET CALLS: 

  • Chevron (CVX) upgraded to Outperform from Sector Perform at RBC Capital [more]
  • Alibaba (BABA) downgraded to Hold from Buy at Argus [more]
  • Gap (GPS) downgraded to Neutral from Overweight at JPMorgan [more]
  • Nordstrom (JWN) downgraded to Hold from Buy at Jefferies [more]
  • Spotify (SPOT) initiated with a Buy at Benchmark [more]


3. AROUND THE WEB: 

  • Apple (AAPL) picks TSMC (TSM) to make 5G iPhone modems from 2023, Nikkei reports [more]
  • Nike (NKE) cancels retail store's orders until summer 2022, Newsweek reports [more]
  • Symphony in talks to buy parts of FIS (FIS) capital markets assets, Bloomberg says [more]
  • GM's (GM) 2022 Hummer EV Edition 1 pickup enters production, Inside EVs says [more]
  • Citron repeats call for RealReal (REAL) shares to reach $30 in next 12 months "if not acquired first" [more]


4. MOVERS: 

  • Standard Lithium (SLI) gains in New York trading after announcing Koch Strategic Platforms, a subsidiary of Koch Investments, will make a $100M investment in the company [more]
  • GoHealth (GOCO) rises after regulatory filing showed its CEO Clinton Jones and Chief Strategy Officer Brandon Cruz each bought 530,000 shares of its stock [more]
  • Golden Ocean Group (GOGL) and Nano Dimension (NNDM) higher after reporting quarterly results [more]
  • Kura Oncology (KURA) declines after announcing the FDA placed the KOMET-001 Phase 1b study of KO-539 on a partial clinical hold [more]
  • Faraday Future Intelligent Electric (FFIE) falls after receiving a letter from Nasdaq indicating the company was not in compliance with Nasdaq listing rules [more]


5. EARNINGS/GUIDANCE: 

  • Anaplan (PLAN) falls following Q3 results, outlook [more]
  • Autodesk (ADSK) drops after Q3 results, FY22 guidance [more]
  • Guess (GES) rises after Q3 earnings beat, dividend hike [more]
  • Pure Storage (PSTG) jumps after Q3 results, FY22 guidance beat estimates [more]
  • VMware (VMW) higher after "beat and raise" report [more]


INDEXES: 

Near midday, the Dow was down 120.66, or 0.34%, to 35,693.14, the Nasdaq was up 16.59, or 0.11%, to 15,791.73, and the S&P 500 was down 3.03, or 0.06%, to 4,687.67.

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