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 slip 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]
- Scorpio Tankers (STNG) double downgraded to Underperform at BofA, cut to Sell at Deutsche Bank [more]
3. AROUND THE WEB:
- Short-seller The Bear Cave sees "problems" at OppFi (OPFI) [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]
- The FAA has issued a new safety directive for Boeing (BA) 737 MAX aircraft, Reuters says [more]
- Nautilus Biotechnology (NAUT) jumped after CNBC reported Amazon (AMZN) held a $14.7M position in the company at the end of Q2 [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 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 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:
The Dow rose 271.58, or 0.78%, to 35,064.25, the Nasdaq gained 114.58, or 0.78%, to 14,895.12, and the S&P 500 advanced 26.44, or 0.60%, to 4,429.10.