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:
- Nvidia (NVDA) reports better than expected Q1 results, provides upbeat Q2 guidance [more]
- Best Buy (BBY) reports upbeat Q2 results, sees enterprise comp sales up 17% [more]
- Snowflake (SNOW) gives Q2 and FY22 revenue guidance that disappoints [more]
- Pioneer Merger Corp. (PACX) agrees to take Acorns Grow public through merger [more]
- The FDA issued an emergency use authorization for GlaxoSmithKline (GSK) and Vir's (VIR) COVID-19 antibody therapy sotrovimab [more]
2. WALL STREET CALLS:
- Nvidia (NVDA) upgraded to Buy from Hold at Craig-Hallum [more]
- Chipotle (CMG) upgraded to Overweight from Equal Weight at Stephens [more]
- Ford (F) upgraded to Outperform from Sector Perform at RBC Capital [more]
- KBW downgrades Deutsche Bank (DB) to sell-equivalent with shares ahead of consensus [more]
- Occidental Petroleum (OXY) upgraded to Buy from Neutral at Goldman Sachs [more]
3. AROUND THE WEB:
- General Motors (GM) told Bloomberg that it is restarting five plants that were closed due to a chip shortage [more]
- Multiple state AGs weigh action against Amazon (AMZN) over antitrust violations, Bloomberg says [more]
- Amazon (AMZN), Microsoft (MSFT), and Google (GOOGL) are pursuing a deal to provide cloud services to Boeing (BA), Information reports [more]
- DOJ has launched criminal probe into Eli Lilly centered on plant that makes the company's COVID-19 therapy and other drugs, Reuters says [more]
- Nintendo (NTDOY) plans to release an upgraded version of the Switch in September or October, Bloomberg reports [more]
4. MOVERS:
- Lantheus Holdings (LNTH) rises after FDA approves PYLARIFY [more]
- Tellurian (TELL) higher after signing liquefied natural gas sales and purchase agreement with Gunvor Singapore for 3M tons per annum over a ten year period [more]
- Beyond Meat (BYND) gains after launching the first 6-pack of its Beyond Burgers in Canada [more]
- Anaplan (PLAN) falls after reporting quarterly results and announcing departure of CFO David Morton, Jr [more]
- Oak Street Health (OSH) lower after filing to sell 12.05M shares, up from 10M shares, priced at $62 [more]
5. EARNINGS:
- Titan Machinery (TITN) jumps after sales and earnings beat [more]
- Dollar General (DG) advances following "beat and raise" report [more]
- Dollar Tree (DLTR) slides as outlook misses expectations [more]
- Burlington Stores (BURL) sales and earnings beat fails to push shares higher [more]
- Toronto-Dominion (TD) shares slide despite Q2 results CEO calls "strong" [more]
INDEXES:
The Dow rose 141.59, or 0.41%, to 34,464.64, the Nasdaq lost 1.72, or 0.013%, to 13,736.28, and the S&P 500 advanced 4.89, or 0.12%, to 4,200.88.