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KBH, DAL, TSM...
1/13/2022 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: 

  • Delta Air Lines (DAL) reported better than expected Q4 earnings and revenue [more]
  • KB Home (KBH) also reported upbeat Q4 earnings [more]
  • TSMC (TSM) reported better than expected Q4 earnings and revenue [more]
  • Navient (NAVI) has reached a $1.85B settlement with multiple state attorneys general to resolve student loan servicing claims [more]
  • Mimecast (MIME) disclosed that it recieved a $92.50 per share proposal from a portfolio company, which Bloomberg reported is Proofpoint [more]


2. WALL STREET CALLS: 

  • Snap (SNAP) downgraded to Market Perform from Outperform at Cowen [more]
  • Bumble (BMBL) upgraded to Buy at Goldman Sachs, initiated with a Neutral at Piper Sandler [more]
  • Home Depot (HD) upgraded to Buy at Truist as new analyst assumed coverage [more]
  • Guggenheim downgraded Biogen (BIIB) to Neutral after CMS draft memo on framework for covering Aduhelm [more]
  • Goldman Sachs downgraded Dominion (D) to Sell from Neutral [more]


3. AROUND THE WEB: 

  • Tesla (TSLA) scrubbed the 2022 production date from its Cybertruck website, The Verge says [more]
  • Goldman Sachs (GS) delayed its return to office for U.S. staff, Bloomberg reports [more]
  • TSMC's (TSM) northern Taiwan site to make 3nm chips for Intel (INTC), DigiTimes reports [more]
  • Blackstone (BX) is requiring U.S. staff to get COVID-19 booster shots, Bloomberg says [more]
  • Beyond Meat (BYND) has become one of the most shorted companies, FT reports [more]


4. MOVERS: 

  • Nikola (NKLA) higher after its Nikola Tre battery-electric vehicle was approved by CARB as a zero-emission vehicle [more]
  • Just Eat Takeaway (GRUB) increases in New York after reporting yesterday that Q4 orders were up 14% [more]
  • Denali Therapeutics (DNLI) falls after the FDA placed a clinical hold on it's DNL919 IND application [more]
  • Virgin Galactic (SPCE) declines after announcing an offer to sell $425M in convertible senior notes [more]
  • GrowGeneration (GRWG) lower after cutting its Q4 and FY21 revenue view [more]


5. EARNINGS/GUIDANCE: 

  • Accelerate Diagnostics (AXDX) provided downbeat Q4 and FY21 revenue guidance [more]
  • Big 5 Sporting Goods (BGFV) gave guidance for Q4 and FY21 [more]
  • Quanterix (QTRX) reported upbeat preliminary Q4 revenue [more]
  • Covetrus (CVET) provided FY22 adjusted EBITDA guidance [more]
  • E2open (ETWO) reported downbeat Q3 results [more]


INDEXES: 

Near midday, the Dow was up 183.64, or 0.51%, to 36,473.96, the Nasdaq was down 102.52, or 0.67%, to 15,085.87, and the S&P 500 was down 5.22, or 0.11%, to 4,721.13.

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