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:
- Penn National (PENN) reported quarterly results and agreed to acquire Score Media (SCR) for $2B in cash and stock [more]
- Uber (UBER) reported upbeat quarterly earnings and revenue [more]
- Booking (BKNG) reported Q2 losses, encouraged by "meaningful sequential improvement" [more]
- Robinhood (HOOD) shares slipping after company filed to sell up to 97.88M shares for shareholders [more]
- Qualcomm (QCOM) offered to acquire Veoneer (VNE) for $37 per share in cash [more]
2. WALL STREET CALLS:
- Walmart (WMT) upgraded to Overweight after share underperformance at Wells Fargo [more]
- Avis Budget (CAR) upgraded to Overweight with $100 target at JPMorgan [more]
- Revolve Group (RVLV) downgraded to Outperform at Raymond James and cut to Sector Weight post results at KeyBanc [more]
- BofA double downgrades Cardinal Health (CAH) to Underperform after earnings, sees "too many unknowns" [more]
- Western Digital (WDC) downgraded to Hold from Buy at Summit Insights [more]
3. AROUND THE WEB:
- Short-seller The Bear Cave sees "problems" at OppFi (OPFI) [more]
- GSK (GSK) was granted a bid to reinstate a $235M patent verdict over Teva (TEVA), Bloomberg reports [more]
- Spruce Point issued a short report on Genius Sports (GENI), sees 60%-80% downside [more]
- CVS (CVS) will stop offering J&J's (JNJ) COVID-19 vaccines in pharmacies, CNBC reports [more]
- SoftBank (SFTBY) will invest $100M in Honor Ventures, FT reports [more]
4. MOVERS:
- Astra Space (ASTR) gains after announcing a launch window for its first commercial orbital launch with the U.S. Space Force [more]
- Ocugen (OCGN) rises after the Times Now of India reported that Covaxin, the company's COVID-19 candidate vaccine, will likely get WHO clearance after August 15 [more]
- Gogo (GOGO), Datadog (DDOG), and Wayfair (W) higher, respectively, after reporting quarterly results [more]
- Green Plains (GPRE) falls after announcing a 4.75M share offering priced at $32 [more]
- Nevro (NVRO), Karyopharm (KPTI), Fastly (FSLY), and Fiverr International (FVRR) lower, respectively, in New York after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Etsy (ETSY) reported upbeat quarterly earnings and revenue [more]
- Roku (ROKU) reported much better than expected Q2 earnings [more]
- Electronic Arts (EA) raised its FY22 earnings guidance [more]
- Adtran (ADTN) reported upbeat Q2 results [more]
- Pinnacle West (PNW) also reported upbeat quarterly results [more]
INDEXES:
Near midday, the Dow was up 191.45, or 0.55%, to 34,984.12, the Nasdaq was up 92.26, or 0.62%, to 14,872.79, and the S&P 500 was up 17.43, or 0.40%, to 4,420.09.