Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Pfizer (PFE) and BioNTech (BNTX) submitted an EUA application for a bivalent vaccine booster in children [more]
- Casino operators MGM (MGM), Wynn Resorts (WYNN), Melco (MLCO), and Las Vegas Sands (LVS) are surging as Macau reportedly plans to open to mainland tour groups in November [more]
- Li Auto (LI) slashed its Q3 delivery outlook [more]
- Rackspace Technology (RXT) named Amar Maletira CEO [more]
- Peloton (PTON) Chief Marketing Officer Dara Treser is leaving the company to run marketing at Autodesk (ADSK) [more]
2. WALL STREET CALLS:
- UBS cuts Lyft (LYFT) to Neutral, sees more "structural headwinds" relative to Uber (UBER) [more]
- Planet Fitness (PLNT) double upgraded to Strong Buy at Raymond James [more]
- Farfetch (FTCH) initiated with a Sell at Citi [more]
- Needham upgrades Chegg (CHGG) to Buy on international expansion, domestic stabilization [more]
- AB InBev (BUD) downgraded to Hold from Buy at Jefferies [more]
3. AROUND THE WEB:
- Apple (AAPL) has started manufacturing the iPhone 14 in India, TechCrunch reports [more]
- Enochian (ENOB) removed a "misstatement" after Hindenburg filed a lawsuit against the company [more]
- JetBlue (JBLU) and American Airlines (AAL) will defend their partnership in an antitrust trial, WSJ reports [more]
- A fire broke out at Tesla's (TSLA) Gigafactory Berlin, Electrek reports [more]
- Grab (GRAB) expects no big layoffs despite a weak market, Reuters reports [more]
4. MOVERS:
- XPeng (XPEV) increases in New York after announcing adjustments to configurations of the G9 SUV [more]
- Mister Car Wash (MCW) higher after being named to join the S&P 600 [more]
- Atlas Corp. (ATCO) higher in New York after Poseidon Acquisition Corp. raised the price offered in a bid to acquire the company [more]
- Golden Ocean (GOGL) declines in New York after Jefferies downgraded the stock to Hold with a price target of $10, down from $14 [more]
- AMC Entertainment (AMC) falls after entering into an equity distribution agreement for the possible sale of up to 425M preferred equity units [more]
5. EARNINGS/GUIDANCE:
- Tronox (TROX) cut its Q3 adjusted EBITDA guidance [more]
- Lifeway Foods (LWAY) reported mixed Q2 results [more]
- Legacy Holdings (LEGH) reported an increase in first half earnings [more]
- InMed Pharmaceuticals (INM) reported upbeat FY22 earnings [more]
- Jefferies analyst Randal Konik recently cut his price target on Nike (NKE) ahead of the company's earnings report this week [more]
INDEXES:
Near midday, the Dow was down 175.68, or 0.59%, to 29,414.73, the Nasdaq was flat at 10,867.98, and the S&P 500 was down 19.46, or 0.53%, to 3,673.77.