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:
- Ford (F) reported much better than expected Q3 earnings and revenue and raised its adjusted EBIT guidance for FY21 [more]
- Caterpillar (CAT) also reported upbeat Q3 earnings [more]
- Merck (MRK) provided a "beat and raise" report for Q3 [more]
- eBay (EBAY) reported upbeat Q3 results but gave lower than expected guidance [more]
- Altria (MO) and AB InBev (BUD) both reported quarterly results, and Altria said it intends to maintain its AB InBev investment [more]
2. WALL STREET CALLS:
- Elanco (ELAN) downgraded to Hold from Buy at Stifel [more]
- Teradyne (TER) upgraded to Buy from Sell at UBS, upgraded to Buy from Hold at Craig-Hallum and upgraded to Outperform from Market Perform at Cowen after earnings [more]
- Paccar (PCAR) upgraded to Outperform from Neutral at Credit Suisse [more]
- Teva (TEVA) downgraded to Market Perform from Outperform at Raymond James [more]
- Sherwin-Williams (SHW) downgraded to Neutral at BofA on "dual headwinds" [more]
3. AROUND THE WEB:
- Betaville issued a "Rare Alert" on Aurinia Pharmaceuticals (AUPH) [more]
- SoftBank (SFTBY) made a $25M investment in OurCrowd in exchange for a stake, CNBC says [more]
- Mimecast (MIME) is weighing options, including a potential sale, WSJ reports [more]
- Facebook (FB) has struggled to recruit talent, Protocol says [more]
- Up to 50M doses of Johnson & Johnson's (JNJ) vaccine are sitting idle in an Emergent (EBS) plant, Reuters reports [more]
4. MOVERS:
- Triterras (TRIT) surges after its board's Audit Committee said allegations contained in a recent short report lacked factual support or material basis [more]
- Volta (VLTA) rises after Leonardo DiCaprio said he is partnering with the company [more]
- LendingClub (LC), Wolfspeed (WOLF), and Nielsen (NLSN) higher after reporting quarterly results [more]
- Rafael Pharmaceuticals (RFL) plunges after its AVENGER 500 trial of CPI-613 did not meet its primary endpoint [more]
- Stanley Black & Decker (SWK) and AXT Inc. (AXTI) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Shopify (SHOP) reported downbeat Q3 results [more]
- Twilio (TWLO) reported upbeat Q3 earnings and revenue [more]
- Yum! Brands (YUM) also reported upbeat Q3 results [more]
- Spirit Airlines (SAVE) provided lower than expected guidance for Q4 revenue [more]
- MasterCard (MA) reported upbeat Q3 results [more]
INDEXES:
Near midday, the Dow was up 183.67, or 0.52%, to 35,674.36, the Nasdaq was up 185.22, or 1.22%, to 15,421.06, and the S&P 500 was up 37.59, or 0.83%, to 4,589.27.