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12/27/2021 16:12pm
Wall Street in Fives - Must Read Lists for Monday

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: 

  • FactSet (FDS) to acquire CUSIP Global Services from S&P Global (SPGI) for $1.925B [more]
  • News Corp. (NWSA) to acquire Base Chemicals business from S&P Global (SPGI) and IHS Markit (INFO) [more]
  • GoDaddy (GDDY) rises after Starboard Value discloses 6.5% stake, says may seek talks [more]
  • Mastercard (MA) SpendingPulse says U.S. retail sales grew 8.5% this holiday season [more]
  • Thousands of flights canceled globally amid omicron-driven COVID-19 wave [more]


2. WALL STREET CALLS: 

  • Barclays downgrades InnovAge (INNV) on uncertainty from Colorado sanctions [more]
  • Lucid Diagnostics (LUCD) initiated with a Buy at Ascendiant [more]
  • Innovid (CTV) initiated with an Outperform at BMO Capital [more]
  • Ascendiant "very concerned" about GameStop (GME) prospects, cuts price target [more]
  • SVB Leerink cuts BridgeBio (BBIO) target after "baffling" trial failure, sees risk to Alnylam (ALNY) [more]


3. AROUND THE WEB: 

  • Royal Caribbean (RCL), Carnival (CCL) sailings altered by COVID outbreaks, WaPo reports [more]
  • Moderna (MRNA) facing pressure over cost of vaccine, Financial Times reports [more]
  • Investors likely to cheer China's new requirements on offshore IPOs, SCMP says [more]
  • Didi (DIDI) extends lock-up for employees, barring share sales, FT reports [more]
  • Meta (FB) Oculus VR headset among most popular tech gifts over holidays, CNBC says [more]


4. MOVERS: 

  • Borr Drilling (BORR) rises after entering into deal to defer $1.4B in debt maturities [more]
  • CNH Industrial (CNHI) higher in New York after Morgan Stanley analyst Courtney Takavonis resumed coverage of the stock with an Overweight rating and $24 price target [more]
  • AMD (AMD) up after GlobalFoundries (GFS) announced it had agreed to amend its Wafer Supply Agreement [more]
  • BridgeBio (BBIO) plunges after announcing its Phase 3 ATTRibute-CM study did not meet its primary endpoint [more]
  • Cortexyme (CRTX) lower after announcing an offering to sell $150M of its stock [more]


5. EARNINGS/GUIDANCE: 

  • Cigna (CI) still sees FY21 adjusted EPS of at least $20.35, consensus $20.40 [more]
  • O-I Glass (OI) to sell Cristar Tabletop to Vidros Colombia, affirms Q4 adjusted EPS view [more]
  • CPI Aerostructures (CVU) reports Q1 results, affirms 2021 revenue view [more]
  • Bowman Consulting (BWMN) to buy Terra Associates, expects immediate accretion [more]
  • Clarivate (CLVT) will need to restate previously issued financial statements [more]


INDEXES: 

The Dow rose 351.82, or 0.98%, to 36,302.38, the Nasdaq gained 217.89, or 1.39%, to 15,871.26, and the S&P 500 advanced 65.40, or 1.38%, to 4,791.19.

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