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BIIB, C, FLMN...
1/12/2022 12:01pm
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: 

  • Biogen (BIIB) sliding after The Centers for Medicare & Medicaid Services, or CMS, posted its draft National Coverage Analysis for monoclonal antibodies directed against amyloid for the treatment of Alzheimer's disease [more]
  • Citi (C) will exit its consumer, small business, and middle market banking operations in Mexico [more]
  • Falcon Minerals (FLMN) and Desert Peak Minerals will combine in an all-stock transaction [more]
  • 51job (JOBS) received a proposal to amend the merger consideration for a going-private deal with a lower price [more]
  • DirecTV (T) and Dish Network (DISH) have renewed merger talks, NY Post says [more]


2. WALL STREET CALLS: 

  • PayPal (PYPL) downgraded to Hold from Buy at Jefferies [more]
  • Snowflake (SNOW) upgraded to Overweight on recent selloff at Barclays [more]
  • Evercore upgrades DoorDash (DASH) with shares off 40% [more]
  • Craig-Hallum bullish on BuzzFeed (BZFD), initiates at Buy [more]
  • William Blair upgrades Shopify (SHOP) to Outperform [more]


3. AROUND THE WEB: 

  • Santander (SAN) is exploring a bid for Citi's operations in Mexico, Bloomberg reports [more]
  • Didi (DIDI) started formal discussions with the Hong Kong stock exchange for a listing, FT reports [more]
  • Apple (AAPL) is in talks to acquire the rights to MLB's weekday package, CNBC reports [more]
  • Pardes Biosciences (PRDS) will spend its SPAC IPO funds on a COVID-19 pill trial, WSJ reports [more]
  • California's DMV is "revisiting" Tesla's (TSLA) self-driving beta, L.A. Times reports [more]


4. MOVERS: 

  • Ocugen (OCGN) rises after announcing the results from a study on a booster dose of candidate vaccine COVAXIN [more]
  • Planet Labs (PL) increases after Goldman Sachs analyst Noah Poponak initiated coverage of the stock with a Buy rating and $11 price target [more]
  • Bed Bath & Beyond (BBBY) higher after a regulatory filing showed directors of the company bought 33,000 shares of its common stock [more]
  • Hyzon Motors (HYZN) declines after announcing it delivered 87 fuel cell powered heavy-duty vehicles in 2021 [more]
  • Jefferies Financial (JEF) and Wipro (WIT) fall after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Quest Diagnostics (DGX) reported upbeat preliminary Q4 earnings and revenue [more]
  • Philips (PHG) provided Q4 and FY21 revenue guidance that Citi called "disappointing" [more]
  • Intuitive Surgical (ISRG) provided upbeat Q4 and 2021 revenue guidance, but Piper called its 2022 procedure outlook "a touch light" [more]
  • Bionano Genomics (BNGO) reported an upbeat Q4 and 2021 revenue outlook [more]
  • Kaleyra (KLR) sees its FY21 revenue at or above its previous guidance [more


INDEXES: 

Near midday, the Dow was up 43.61, or 0.12%, to 36,295.63, the Nasdaq was up 48.75, or 0.32%, to 15,202.20, and the S&P 500 was up 13.43, or 0.28%, to 4,726.50.

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