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) provided a "beat and raise" report for Q3, but stock sinks on capital spending plans [more]
- Snap (SNAP) reported better than expected Q3 earnings, but provided a worse than expected revenue outlook for Q4 [more]
- A CDC panel unanimously backed Moderna's (MRNA) and Johnson & Johnson's (JNJ) COVID vaccine boosters [more]
- Honeywell (HON) narrowed its FY21 earnings guidance [more]
- American Express (AXP) reported upbeat Q3 results [more]
2. WALL STREET CALLS:
- Intel (INTC) downgraded by no less than three Wall Street firms and targets were cut at many others after the company's quarterly report [more]
- JPMorgan upgrades Zoom Video (ZM) to Overweight on attractive risk/reward [more]
- Nvidia (NVDA) upgraded to Buy from Sell at Summit Insights [more]
- Moderna (MRNA) initiated with a Sell at Deutsche Bank [more]
- Citi upgrades "too cheap to ignore" Urban Outfitters (URBN) to Buy [more]
3. AROUND THE WEB:
- Italy plans to coax Intel (INTC) into building a chipmaking plant, Reuters reports [more]
- Micron (MU) will install EUV tools at Taiwan plants in 2024, DigiTimes says [more]
- Carvana (CVNA) faces fines and disciplinary actions in several states, WSJ reports [more]
- Western Digital (WDC) and Kioxia merger talks have been put on hold, WSJ says [more]
- BAT (BTI) invests in energy and wellness drink startup Tru, Bloomberg reports [more]
4. MOVERS:
- Digital World Acquisition (DWAC) continues climb after announcing Trump Media deal yesterday [more]
- Athira Pharma (ATHA) rises after completing enrollment in its Phase 2 ACT-AD trial of ATH-1017 [more]
- Cleveland-Cliffs (CLF) higher after reporting quarterly results [more]
- Ocular Therapeutix (OCUL) slips after announcing that the OTX-CSI trial did not meet its primary endpoint [more]
- HCA Healthcare (HCA) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Mattel (MAT) provided a "beat and raise" report for Q3 [more]
- Boston Beer (SAM) reported downbeat Q3 earnings [more]
- Beyond Meat (BYND) lowered its Q3 revenue guidance [more]
- Seagate (STX) reported upbeat Q1 revenue [more]
- Regions Financial (RF) reported upbeat Q3 results [more]
INDEXES:
Near midday, the Dow was down 12.43, or 0.03%, to 35,590.65, the Nasdaq was down 155.67, or 1.02%, to 15,060.03, and the S&P 500 was down 18.00, or 0.40%, to 4,531.78.