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:
- Alphabet (GOOGL) reported a Q3 earnings and revenue beat [more]
- Microsoft (MSFT) also reported better-than-expected Q1 results and provided upbeat Q2 revenue guidance [more]
- Coca-Cola (KO) reported upbeat Q3 earnings and revenue [more]
- McDonald's (MCD) reported a 12.7% boost in Q3 global comps [more]
- General Motors (GM) reported Q3 upside, guided to high end of fiscal year range [more]
2. WALL STREET CALLS:
- Cloudflare (NET) downgraded to Hold from Buy at Jefferies [more]
- Etsy (ETSY) initiated with a Hold at Argus [more]
- UPS (UPS) downgraded to Hold from Buy at Loop Capital [more]
- B. Riley starts Redbox (RDBX) with Buy, sees "meaningful upside potential" [more]
- Goldman ups Tesla (TSLA) target to $1,125 after "important" Hertz (HTZZ) order [more]
3. AROUND THE WEB:
- The FTC is looking into Facebook (FB) disclosures for potential violations, WSJ says [more]
- General Motors (GM) sees the chip shortage lasting into 2022, Bloomberg says [more]
- Boeing's (BA) low production rate is affecting suppliers, WSJ reports [more]
- Third Point urging Shell (RDS.A) to split into two after taking stake, WSJ reports [more]
- Amazon (AMZN) is falling behind on its cashierless grocery store plan, Business Insider reports [more]
4. MOVERS:
- Marqeta (MQ) higher after partnering with Bill.com (BILL) to provide commercial card products for Bill.com’s financial institution customers [more]
- Enphase (ENPH), Harley-Davidson (HOG), and Masco (MAS) gain after reporting quarterly results [more]
- Cortexyme (CRTX) drops after announcing its Phase 2/3 GAIN trial did not meet its co-primary endpoints [more]
- StoneCo (STNE) and PagSeguro (PAGS) decline in New York after Viceroy said it is short the two stocks [more]
- New York Community Bancorp (NYCB), Fiserv (FISV), Alkermes (ALKS), and Six Flags (SIX) fall after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Robinhood (HOOD) reported lower-than-expected Q3 results [more]
- Visa (V) reported upbeat Q3 results [more]
- Twitter (TWTR) reported in-line Q3 revenue and quarterly losses [more]
- Spotify (SPOT) provided Q4 revenue guidance [more]
- Boeing (BA) reported worse than expected Q3 losses [more]
INDEXES:
Near 1 pm ET, the Dow was down 117.11, or 0.33%, to 35,639.77, the Nasdaq was up 97.70, or 0.64%, to 15,333.41, and the S&P 500 was up 0.62, or 0.01%, to 4,575.41.