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:
- Tesla (TSLA) reported Q3 vehicle deliveries of 241,300 [more]
- Qualcomm (QCOM) and SSW Partners will acquire Veoneer (VNE) for $37 per share in cash [more]
- Sun Life (SLF) will acquire DentaQuest for $2.475B [more]
- Amplify Energy (AMPY) announced an oil spill off the coast of Southern California [more]
- Perion Network (PERI) announced the acquisition of Vidazoo and raised its FY21 and FY22 revenue guidance [more]
2. WALL STREET CALLS:
- JPMorgan's Stephen Tusa downgraded 3M (MMM) on a lack of progress, prefers DuPont (DD) [more]
- DuPont (DD) upgraded at JPMorgan with share weakness seen as "overdriven" [more]
- ContextLogic (WISH) downgraded to Underperform from Perform at Oppenheimer [more]
- Astra Space (ASTR) initiated with an Underperform at BofA [more]
- Barclays upgraded Southwest Airlines (LUV) to Overweight [more]
3. AROUND THE WEB:
- Guardant Health (GH) is opting not to pursue a deal to acquire NeoGenomics (NEO), Bloomberg reports [more]
- Apple (AAPL) has canceled plans to release an OLED iPad Air in 2022, MacRumors reports [more]
- Teva (TEVA) is recalling over 2.5M vials of drugs amid contamination fears, Bloomberg says [more]
- GM's (GM) Cruise will announce a $50B revenue target, Bloomberg reports [more]
- Delta (DAL) reinstated an initial Q3 revenue view as ticket sales improve, Reuters reports [more]
4. MOVERS:
- Xenon Pharmaceuticals (XENE) surges in New York after reporting results from its Phase 2b X-TOLE clinical trial [more]
- Teekay LNG Partners (TGP) increases in New York announcing it will be acquired by Stonepeak in a $6.2B transaction [more]
- Peabody Energy (BTU) higher after B. Riley analyst Lucas Pipes upgraded the stock to Buy with a price target of $22, up from $15 [more]
- Palantir (PLTR) lower after filing for an automatic mixed securities shelf on Friday [more]
- Trade Desk (TTD) falls after Vertical Group downgraded the stock to Neutral [more]
5. EARNINGS/GUIDANCE:
- OpGen (OPGN) reported lower-than-expected preliminary Q3 revenue [more]
- Jeld-Wen (JELD) cut its FY21 revenue guidance [more]
- American Campus (ACC) raised its FY21 FFOM view [more]
- Karat Packaging (KRT) provided Q3 and 2021 net sales guidance [more]
- Genetic Technologies (GENE) reported September quarter revenue [more]
INDEXES:
Near midday, the Dow was down 373.24, or 1.09%, to 33,953.22, the Nasdaq was down 338.06, or 2.32%, to 14,228.64, and the S&P 500 was down 64.41, or 1.48%, to 4,292.63.