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INTC, AAL, MIME...
12/7/2021 16:12pm
Wall Street in Fives - Must Read Lists for Tuesday

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]
  • Philip Morris (PM) is seeking an emergency order to keep selling IQOS in the U.S., Bloomberg says [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]
  • Altice USA (ATUS) falls after CEO Dexter Goei said he sees the company trending towards being slightly negative in Q4 in terms of broadband subscriber growth [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:

The Dow rose 492.40, or 1.40%, to 35,719.43, the Nasdaq gained 461.76, or 3.03%, to 15,686.92, and the S&P 500 advanced 95.08, or 2.07%, to 4,686.75.

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