Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Third Point accumulates position in Disney (DIS), urges company to acquire Comcast's (CMCSA) Hulu stake prior to deadline and lays out case for spin off of ESPN [more]
- Unity (U) rejected a takeover proposal from AppLovin (APP) and reaffirmed its commitment to its deal with IronSource (IS) [more]
- Moderna (MRNA) received MHRA authorization of its omicron-containing bivalent booster [more]
- PlayAGS (AGS) confirmed receipt of a non-binding bid that it rejected after Reuters reported earlier that Inspired (INSE) submitted a bid [more]
- AMMO (POWW) said it will separate its ammunition and marketplace businesses into two public companies [more]
2. WALL STREET CALLS:
- Shift Technologies (SFT) and Vroom (VRM) were both downgraded to Underweight at JPMorgan [more]
- Illinois Tool Works (ITW) downgraded to Sell at Deutsche Bank on valuation [more]
- Poshmark (POSH) upgraded to Overweight from Equal Weight at Barclays [more]
- Terran Orbital (LLAP) initiated with a Buy at Stifel [more]
- BMO Capital downgraded Dollar General (DG) to Market Perform [more]
3. AROUND THE WEB:
- Lufax (LU) is planning a Hong Kong listing, Bloomberg reports [more]
- Summer movies show audiences, studio chiefs committed to theaters, WSJ says [more]
- Peloton (PTON) is cutting about 800 jobs, WSJ reports [more]
- STAT News' Adam Feuerstein sees "no reality" in which Clene's (CLNN) Phase 2 VISIONARY-MS study results are "positive" [more]
- Three people were injured in a shooting outside Six Flags Great America (SIX), WSJ says [more]
4. MOVERS:
- Viridian Therapeutics (VRDN) jumps after reporting quarterly results and after announcing data from the Phase 1/2 trial of VRDN-001 [more]
- Alaunos Therapeutics (TCRT) increases after reporting quarterly results [more]
- Taseko Mines (TGB) gains in New York after announcing the EPA issued a draft permit for the Florence Copper Project [more]
- Turquoise Hill Resources (TRQ) declines in New York after terminating a review to be bought by Rio Tinto (RIO) [more]
- Hecla Mining (HL) lower after Alexco Resource’s proposed acquisition by Hecla was recommended by ISS [more]
5. EARNINGS/GUIDANCE:
- Team (TISI) reported upbeat quarterly results and announced a deal to sell its Quest Integrity business to Baker Hughes (BKR) for $280M [more]
- Li Auto (LI) reported upbeat Q2 results [more]
- Clear Secure (YOU) reported better-than-expected Q2 revenue [more]
- Ideaya Biosciences (IDYA) reported downbeat Q2 results [more]
- Weber (WEBR) reported better-than-expected Q3 revenue, announced a suspension of its quarterly dividend and laid out plans to reduce its workforce [more]
INDEXES:
Near midday, the Dow was up 103.01, or 0.31%, to 33,864.06, the Nasdaq was up 51.13, or 0.39%, to 13,098.31, and the S&P 500 was up 8.38, or 0.20%, to 4,288.53.