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Wall Street rebounds after virus-related sell-off
By Sinéad Carew and Kevin Buckland (Reuters) - Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday's sell-off, as investors were hopeful that the Omicron... More
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- Adagio Therapeutics (ADGI) Shares Are Up 80% Since Friday. Here's Why
- Goldman Sachs Removes Alibaba (BABA) From its Conviction List, Downgrades to Buy on Macro and Competition Headwinds
- Oil pares gains, but ends higher after Friday slump
- Pre-Open Stock Movers 11/29: (KRYS) (ADGI) (TWTR) Higher; (MRK) (UPS) Lower (more...)
- Currencies recover from Omicron chaos but analysts warn more volatility ahead
- Bumble (BMBL) Shares Gain as Raymond James Upgrades to Outperform, Sees Attractive Entry Point and Over 40% Upside
- Adagio Therapeutics (ADGI) Stock Now Up 70%, Stifel Says Merck's (MRK) Molnupiravir is not a Competitive Threat to ADG20
- Buy Applied Materials (AMAT) Shares, Stifel Sees Long-Term Secular Outperformer
- Fintel's Short Squeeze List Topped by Pioneer Power (PPSI), Nuzee (NUZE), Newegg (NEGG)
- Allbirds (BIRD) Stock Up as Street Starts New Coverage With Mostly Bullish Ratings
- Microstrategy, Inc. (MSTR) purchased approximately 7,002 bitcoins for approximately $414.4 million in cash
- Hertz Global (HTZ) Announces $2B Share Buyback
- DiDi (DIDI) Stock Falls on Report China Seeks Delisting From US Amid Data Security Concerns
- Apple (AAPL) on Pace to Sell Over 10 Million iPhones for Black Friday - Wedbush
- Buy Tech Winners on Variant Fears - Wedbush
- Over $200 Billion Wiped Off Cryptocurrency on Fresh Virus Concerns, Bitcoin (BTC) Price Approaches BofA's 'Key Level'
- New Variant 'Concerning,' Market Reaction 'Understandable' - Credit Suisse
- Apple (AAPL) to Launch AR Headset in Late 2022, Long-Term Goal is to Replace iPhone with AR in Ten Years - TFI's Kuo
- Why Zoom (ZM) Stock is Up 9% Today
- Tesla decides against state aid for German battery plant as Musk opposes subsidies
- 2 Reasons Why Uber (UBER) Shares Are Down 5% Today
- Dollar Tree (DLTR) PT Raised to $150 at Morgan Stanley in the Second PT Increase in a Week, Sees Short Path to $170
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Here's What Analysts are Saying as Twitter (TWTR) Stock Erases Earlier Gains
Earlier today, Twitter (NYSE: TWTR) announced CEO Jack Dorsey will step down as CEO and that CTO Parag Agrawal will replace him both in the... More
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Moderna (MRNA) Stock Up 10% as WHO Says Omicron Covid Variant Poses 'Very High' Global RIsk
Shares of Moderna (NASDAQ: MRNA) are up more than 10% in pre-open Tuesday as investors continue to bet the company is well-positioned to deliver a COVID-19 vaccine that... More
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2 Reasons Why Citi Downgraded Merck (MRK) to Neutral Today, Opened a Negative Catalyst Watch
Shares of Merck (NYSE: MRK) are down 1.7% in pre-open Monday after Citi analyst Andrew Baum downgraded to Neutral from Buy with a price target of $85.00 per share from the... More
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Why EV Li Auto (LI) Stock Is Up 8% Today
Li Auto (NASDAQ: LI) shares are up over 8% in pre-open Monday after the company reported solid Q3 results.The company reported deliveries of Li ONEs at... More
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Tesla (TSLA) Climbs as Musk Tells Employees to Focus on Cost Over 'Delivery Wave'
Shares of Tesla (NASDAQ: TSLA) climbed on Monday following a memo issued by CEO Elon Musk. The memo to employees urges them to focus on minimizing costs,... More
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Gaming: Macau VIP More Broken Than Ever - B. Riley
B. Riley analyst David Bain has weighed in on the latest developments in Macau after Alvin Chau, the CEO of the largest gaming promoter Suncity, is wanted by police for a mainland illegal gambling... More
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After-Hours Movers 11/29: (CPIX) (ADAG) (OM) Higher; (LIZI) (INTU) Lower (more...)
After-Hours MoversCumberland Pharmaceuticals Inc. (NASDAQ: CPIX) 129% HIGHER; announced the U.S. Food and Drug Administration (FDA) has approved expanded labeling for Caldolor®, an intravenously... More
Tuesday, November 30, 2021 2:03 AM EST
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Latest StreetInsider Headlines
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- 02:00 AM Interim report for the first nine months of 2021
- 02:00 AM Ferguson PLC Announces Transaction in Own Shares
- 02:00 AM Falcon Oil & Gas Ltd. - Investor Presentation
- 02:00 AM Hyperslice Relocates HQ to Leeds City Centre Tech Hub
- 02:00 AM Aegon to appoint Astrid Jäkel as Chief Risk Officer
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13Fs
- Buffett's Berkshire cuts stakes in U.S. drugmakers, invests in drug royalty company
- Warren Buffett's Berkshire Hathaway raises its stake Chevron (CVX)
- Valvoline (VVV) Ticks Higher on New JANA Stake
Accesswire
- Relief Therapeutics Announces Executive Changes
- 1933 Industries Reports Fourth Quarter and Annual Financial Results for Fiscal Year 2021
- Cloud DX Reports Fiscal Third Quarter Results
Analyst Comments
- UPDATE: Loop Capital Starts Shift4 Payments (FOUR) at Buy
- Goldman Sachs Starts AES Corp. (AES) at Buy, 'Under-appreciated global clean energy play'
- UPDATE: Goldman Sachs Starts Fluence Energy Inc. (FLNC) at Buy
Analyst PT Change
- Chesapeake Utilities (CPK) PT Raised to $123 at Guggenheim
- Church & Dwight Co. Inc. (CHD) PT Raised to $92 at Stifel, Following Strategic Business Update
- UPDATE: Goldman Sachs Downgrades Dollar Tree (DLTR) to Neutral
Board Changes
- Canopy Growth (CGC) Announces Board Changes
- Seer, Inc. (SEER) Appoints Meeta Gulyani to its Board
- Mondelez (MDLZ) Appoints Ertharin Cousin to its Board
Business Wire
- DE-CIX Expands to the Nordics: New Internet Exchanges for Norway, Denmark, and Finland
- Avolon Delivers First A330neo to Cebu Pacific
- Flower One Announces Third Quarter Revenue Growth of 18% Year-Over-Year
Commodities
- Omicron threatens oil demand recovery, already hit by Europe's rising COVID cases
- Oil rebounds to $76 on speculation Omicron-related drop overdone
- OPEC+ Leans Toward Ditching Output Hike As Oil Sinks On Virus - Bloomberg
Corporate News
- Chatham Asset Management Offers To Acquire R.R. Donnelley (RRD) For $10.25 Per Share In Cash
- Southwestern Energy (SWN) Announces Derivative Position Added to Support Acquisition Financing
- PerkinElmer (PKI) Announces That Omicron Variant Does Not Impact SARS-CoV-2 Detection Capability of its RT-PCR Assays
Cryptocurrency
- Cryptocurrencies post record inflows in first 11 months - CoinShares
- Microstrategy, Inc. (MSTR) purchased approximately 7,002 bitcoins for approximately $414.4 million in cash
- Over $200 Billion Wiped Off Cryptocurrency on Fresh Virus Concerns, Bitcoin (BTC) Price Approaches BofA's 'Key Level'
Dividends
- RGC Resources (RGCO) Raises Annual Dividend 5.4% to $0.195; 0.9% Yield
- Columbia Property Trust (CXP) Declares $2.17 Special Dividend in Connection with PIMCO Merger
- Four Corners Property Trust (FCPT) Raises Quarterly Dividend 4.7% to $0.3325; 4.9% Yield
Downgrades
- Goldman Sachs Downgrades Dollar Tree (DLTR) to Neutral
- Jefferies Downgrades HeidelbergCement AG (HEI:GR) (HDELY) to Hold
- Societe Generale Downgrades Prada SpA (1913:HK) (PRDSY) to Sell
Earnings
- LIZHI INC (LIZI) Reports Q3 Revenues of $78.4M, Average Total MAUs of 58.9M, Adjusted Net Loss of $4.2M
- Arco Platform Ltd. (ARCE) Reports Q3 Adjusted Net Loss of R$ (12.0)M
- Golub Capital BDC (GBDC) Tops Q4 EPS by 12c
Economic Data
- Coronavirus and CARES Act, Chair Jerome H. Powell
- Dallas Fed Man. Activity (Nov) 11.8 vs 15 Expected
- U.S. pending home sales surge in October
Equity Offerings
- Intuit (INTU) Stock Falls as Mailchip Co-Founder to to Sell ~1.55M Shares
- Pembina Pipeline (PBA) Files $5B Mixed Shelf
- Krystal Biotech (KRYS) Announces Proposed $200M Stock Offering
FDA
- PerkinElmer (PKI) Announces That Omicron Variant Does Not Impact SARS-CoV-2 Detection Capability of its RT-PCR Assays
- Olema Pharmaceuticals (OLMA) Says Falsified Information is Circulating on Social Media
- Cumberland Pharmaceuticals (CPIX) Announces Caldolor Now FDA Approved For Pre-Operative Administration
Fed
- Coronavirus and CARES Act, Chair Jerome H. Powell
- Fed's Powell says new innovation hub will help central bank improve payments
- Money Markets Push Back Bets On Second 25Bps Fed Hike To 2023 - Bloomberg
Globe Newswire
- Galantas Reports Financial Results For The Quarter Ended September 30, 2021
- Progress on share buyback programme
- Unaudited interim results for the third quarter and nine month period ended 30 September 2021
Guidance
- UnitedHealth forecasts 2022 profit below estimates
- UnitedHealth Group (UNH) Offers Mixed FY21 and FY22 Guidance
- Vale S.A. (VALE) announces production guidance
Hedge Funds
- Elliott Releases Statement On Leadership Change at Twitter (TWTR)
- Ancora Sends Letter to the Board of Directors of Berry Global (BERY) Regarding Opportunities for Enhanced Value Creation
- Ancora Holdings is pushing Berry Global (BERY) to explore a sale - DJ
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Fresh Vine Wine (VINE) Announces 2.2M IPO at $9-$10/sh
- HashiCorp, Inc (HCP) Announces 15.3M Share IPO at $68-$72/sh
- Medigus's (MDGS) Jeffs’ Brands Files IPO Registration Statement
Market Check
- Nasdaq Tests High, Up 1.6%, S&P 500 Up 1.2%
- UPDATE: Russell Futures Erase Gain, Go Red
- Tech rally lifts Wall Street from Omicron-driven slump
Mcap MediaWire
- AmpliTech Group, Inc. Announces Closing of Underwriters’ Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering
- Top Minds Back Bitcoin for a Fresh Leg (NASDAQ: BTBT) (NASDAQ: MSTR) (OTC US: ISWH) (NASDAQ: OSTK)
- How to Play the Crypto Shakeout (NYSE: SQ) (NASDAQ: OSTK) (OTC US: ISWH) (NASDAQ: BTBT)
Mergers and Acquisitions
- Chatham Asset Management Offers To Acquire R.R. Donnelley (RRD) For $10.25 Per Share In Cash
- Edgewell Personal Care Company (EPC) Announces Acquisition of Billie Inc.
- Apollo (APO) and Athene (ATH) Acquire Majority Stake in Aqua Finance at $1B Value
New Coverage
- UPDATE: Loop Capital Starts Shift4 Payments (FOUR) at Buy
- Goldman Sachs Starts AES Corp. (AES) at Buy, 'Under-appreciated global clean energy play'
- DA Davidson Starts Trebia Acquisition Corp (TREB) at Buy
Newsfile
- Novra Announces Financial Results for Third Quarter and First Nine Months of 2021
- Blue Star Gold Announces Closing of Non-Brokered Private Placements of Flow-Through and Non-Flow Through Common Shares and Warrant Extension
- Intellabridge Technology Corporation to Present at OTC Markets Small Cap Growth Virtual Investor Conference
Press Releases
- DE-CIX Expands to the Nordics: New Internet Exchanges for Norway, Denmark, and Finland
- Aegon to appoint Astrid Jäkel as Chief Risk Officer
- Ahold Delhaize share buyback update
Private Company News
- Impossible Foods raises $500 million in latest funding round led by Mirae
- Crypto startup Gemini valued at over $7 billion after latest fundraise
- Cloud security startup Lacework valued at $8.3 billion after mammoth funding round
PRNewswire
- Unify Platform AG Launches New Feature on UNIPLAT: Credit Rating of Researchers and Entrepreneurs
- SERB receives positive CHMP opinion for Voraxaze® (glucarpidase) as Rescue Therapy for High Dose Methotrexate Toxicity
- Tetragon Financial Group Limited October 2021 Monthly Factsheet
Reuters
- UnitedHealth forecasts 2022 profit below estimates
- Musk highlights 'supply chain nightmare' in tweet
- Goldman Sachs introduces new employee benefits - source
SEC Filings
- Form 4 Mueller Water Products, For: Nov 27 Filed by: Floyd Scott P.
- Form 4 RESMED INC For: Nov 23 Filed by: Douglas Robert Andrew
- Form 4 Victory Capital Holdings For: Nov 24 Filed by: DEMARTINI RICHARD M
SPAC
- Boxed and Seven Oaks (SVOKU) Announces up to $100M Forward-Purchase Agreement in Connection with Proposed Merger
- CHP Merger (CHPM) Approves Extension Proposal for Merger with Accelus
- Bitcoin Miner Griid Said to be in Talks to Merge with SPAC, Adit EdTech Acquisition (ADEX) - Bloomberg
Upgrades
- Keefe, Bruyette & Woods Upgrades Blackstone Mortgage Trust (BXMT) to Outperform
- Jefferies Upgrades Kingspan Group PLC (KSP:ID) to Buy
- Bumble (BMBL) Shares Gain as Raymond James Upgrades to Outperform, Sees Attractive Entry Point and Over 40% Upside
