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STZ.B, MRK, SBUX...
12/7/2021 13:12pm
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: 

  • Intel (INTC) intends to take Mobileye public [more]
  • American Airlines (AAL) CEO Doug Parker will retire [more]
  • Mimecast (MIME) will become a private company through a $5.8B transaction with Permira [more]
  • Apple's (AAPL) success in China is aided by CEO Tim Cook's $275B deal, The Information says [more]
  • MongoDB (MDB) reported upbeat Q3 results [more]


2. WALL STREET CALLS: 

  • Apple (AAPL) gets Street-high target at Morgan Stanley on virtual reality product optimism [more]
  • Bumble (BMBL) upgraded to Overweight from Neutral at JPMorgan [more]
  • Starbucks (SBUX) upgraded to Buy from Neutral at MKM Partners [more]
  • Guggenheim downgrades Merck (MRK) on Keytruda concentration, low pipeline visibility [more]
  • Tesla (TSLA) price target raised to $1,000 from $725 at UBS [more]


3. AROUND THE WEB: 

  • Constellation Brands (STZ) will construct a brewery in Southeastern Mexico, WSJ reports [more]
  • Tesla (TSLA) CEO Elon Musk has criticized federal electric vehicle spending, WSJ says [more]
  • CareTrust REIT (CTRE) is exploring options, including a potential sale, Bloomberg reports [more]
  • Apple's treatment of Roblox (RBLX) is in focus amid a DOJ probe, The Information says [more]
  • A cereal union at Kellogg (K) said the latest agreement was rejected, Bloomberg reports [more]


4. MOVERS: 

  • Trupanion (TRUP) jumps after announcing a pet insurance and wellness plans partnership with Chewy (CHWY) [more]
  • CommScope (COMM) rises after Jefferies analyst George Notter upgraded the stock to Buy from Hold [more]
  • Designer Brands (DBI) and AutoZone (AZO) higher after reporting quarterly results [more]
  • Silvergate Capital (SI) falls after a 3.3M share secondary offering priced at $145 [more]
  • GitLab (GTLB) lower after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Coupa Software (COUP) posted above-consensus revenue in Q3, but guidance had analysts cutting targets [more]
  • HealthEquity (HQY) lowered its earnings and revenue guidance for FY22 [more]
  • AeroVironment (AVAV) lowers 2022 sales outlook [more]
  • John Wiley & Sons (JWA) reported better-than-expected Q2 results [more]
  • Core & Main (CNM) reported upbeat Q3 results [more]


INDEXES: 

Near midday, the Dow was up 523.56, or 1.49%, to 35,750.59, the Nasdaq was up 482.47, or 3.17%, to 15,707.63, and the S&P 500 was up 98.82, or 2.15%, to 4,690.49.

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