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 better than expected Q2 results [more]
- UPS (UPS) also reported upbeat quarterly results [more]
- Along with its results, General Electric (GE) reiterated its FY21 earnings guidance [more]
- 3M (MMM) in focus after its own "beat and raise" report [more]
- Amazon (AMZN) halted a plan to roll out Workday's (WDAY) HR software, Business Insider says [more]
2. WALL STREET CALLS:
- AT&T (T) cut to Hold at Argus on potential dividend cut [more]
- American Airlines (AAL) upgraded to Neutral from Negative at Susquehanna and upgraded to Hold from Sell at Berenberg [more]
- Advance Auto Parts (AAP) upgraded to Strong Buy, AutoZone (AZO) downgraded to Outperform at Raymond James [more]
- Southwestern Energy (SWN) upgraded to Outperform from Underperform at Raymond James [more]
- ATI Physical Therapy (ATIP) downgraded at Barrington, Jefferies, Citi and Benchmark after quarterly report [more]
3. AROUND THE WEB:
- Moderna (MRNA) said its manufacturing partners outside the U.S. are facing delays, Bloomberg reports [more]
- Tencent's (TCEHY) WeChat has temporarily halted new user registration in China, TechCrunch says [more]
- FTC now has until August 19 to file an amended antitrust suit against Facebook (FB), WSJ reports [more]
- Nearly 1,000 Activision Blizzard (ATVI) employees filed a letter supporting a recent discrimination lawsuit against the company, Bloomberg says [more]
- Toyota (TM) is looking to "buy time" with its opposition to a full electric vehicle transition, NY Times reports [more]
4. MOVERS:
- APi Group (APG) increases after entering into a definitive agreement to acquire Chubb Fire & Security Business from Carrier Global (CARR) for an enterprise value of $3.1B [more]
- Relmada Therapeutics (RLMD) rises after reporting results from its human abuse potential study with REL-1017 [more]
- Sirius XM (SIRI), Raytheon Technologies (RTX), and Graphic Packaging (GPK) higher, respectively, after reporting quarterly results [more]
- Full Truck Alliance (YMM) lower in New York after reporting it fulfilled 36M orders in its second quarter [more]
- Lamb Weston (LW) and Logitech (LOGI) fell, respectively, in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- F5 Networks (FFIV) reported quarterly results [more]
- Boston Scientific (BSX) provided "beat and raise" report [more]
- Commvault (CVLT) reported better than expected Q1 results [more]
- Ecolab (ECL) reported upbeat Q2 results [more]
- Turning Point Brands (TPB) raised its FY21 revenue guidance [more]
INDEXES:
Near midday, the Dow was down 193.90, or 0.55%, to 34,950.41, the Nasdaq was down 294.71, or 1.99%, to 14,546.01, and the S&P 500 was down 40.93, or 0.93%, to 4,381.37.