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: 

• Kohl's (KSS) confirmed it has received letters expressing interest in acquiring the company following reports indicating the department store operator is fielding takeover offers from at least two suitors [more]
• Enerflex (ENRFF) and Exterran Corporation (EXTN) announced plans to combine in a $735M all-share transaction [more]
  
• Pfizer (PFE) and Opko Health (OPK) received a Complete Response Letter for the Biologics License Application for somatrogon for the treatment of growth hormone deficiency in pediatric patients [more]
  
• Adtalem Global Education (ATGE) to divest Financial Services segment for $1B in cash [more]
  
• Netherlands orders Apple (AAPL) to pay first penalty payment of EUR 5M [more]
  

2. WALL STREET CALLS: 

• Snap (SNAP) downgraded to Neutral at Wedbush on IDFA headwinds, increasing competition [more]
• Fox Corp. (FOXA) upgraded to Buy from Neutral at UBS [more]
  
• Piper Sandler upgrades Discover (DFS) on "great setup" for shares [more]
  
• Splunk (SPLK) upgraded to Buy from Neutral at BTIG [more]
  
• Comcast (CMCSA), Charter (CHTR) both upgraded to Outperform at RBC Capital [more]
  

3. AROUND THE WEB: 

• Activist investment firm Trian involved at Unilever (UL), NY Times reports [more]
• Activist investor Blackwells Capital to call on Peloton to fire CEO, WSJ reports [more]
  
• Ford (F) is shutting off orders for the $20,000 Maverick pickup as it has maxed out on what it can build, The Wall Street Journal says [more]
  
• Wynn (WYNN) looking to sell online sports betting business at deep discount, NY Post says [more]
  
• Apple (AAPL) readies wide array of hardware products for fall 2022, Bloomberg reports [more]
  

4. MOVERS: 

• Netflix (NFLX) slides further, adding to recent losses as Jefferies cuts stock to Hold, sees too much near-term uncertainty [more]
• Vodafone Group (VOD) advances in New York after Bloomberg reported the company recently explored a potential purchase of Three UK from CK Hutchison (CKHUY) and after Reuters reported the company is in talks with Iliad to combine their Italian businesses [more]
  
• Alto Ingredients (ALTO) gains after updating its full-year 2021 gross profit guidance [more]
  
• Infinera (INFN) higher after B. Riley analyst Dave Kang upgraded the stock to Buy [more]
  
• Plug Power (PLUG) falls after Truist analyst Tristan Richardson lowered the firm's price target on the stock to $27 from $44 [more]
  

5. EARNINGS/GUIDANCE: 

• Halliburton (HAL) lower after reporting Q4 results [more]
• Philips (PHG) reported Q4 results, said it expects to start year with comparable sales decline [more]
  
• Goosehead Insurance (GSHD) gave Q4 and 2021 revenue guidance [more]
  
• Hayward (HAYW) guided to worse than expected Q4 revenue [more]
  
• Bank of Hawaii (BOH) said it finished 2021 with "solid financial performance" [more]
  

INDEXES: 

Near midday, the Dow was down 818.19, or 2.39%, to 33,447.18, the Nasdaq was down 508.93, or 3.70%, to 13,259.99, and the S&P 500 was down 133.74, or 3.04%, to 4,264.20.