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:
- Siemens Healthineers (SMMNY) announces FDA marketing authorization for ELF Test [more]
- Walmart (WMT) announced the launch of a delivery service called GoLocal, which will carry goods from other local retailers to consumers [more]
- Cara Therapeutics (CARA), Vifor Pharma (GNHAF) said they received FDA approval for Korsuva [more]
- Camping World (CWH) raised its quarterly dividend 100% to 50c from 25c per share [more]
- Cigna (CI) announced a $2B accelerated stock repurchase program [more]
2. WALL STREET CALLS:
- Victoria's Secret (VSCO) downgraded to Equal Weight from Overweight at Morgan Stanley [more]
- Coinbase (COIN) initiated with Buy, $420 price target at Needham [more]
- Bath & Body Works (BBWI) reinstated with a Buy at Citi [more]
- Gevo (GEVO) initiated at Stifel with a Buy rating and $10 price target [more]
- Medtronic (MDT) price target raised to $152 from $140 at Piper Sandler [more]
3. AROUND THE WEB:
- Google (GOOG, GOOGL) unit Waymo debuts autonomous rides in San Francisco [more]
- DiDi (DIDI) freezes plans to launch in Europe, U.K., Telegraph reports [more]
- FAA launches review on Boeing (BA) employee reports of pressure, WSJ reports [more]
- Disney World (DIS) to require unionized employees to be vaccinated, CNBC reports [more]
- Samsung (SSNLF) rethinking possible NXP (NXPI) acquisition, Korea Times says [more]
4. MOVERS:
- Triple-S Management (GTS) soars after announcing it has entered into a definitive agreement with GuideWell in which GuideWell will acquire all the outstanding shares of the company for $36 per share in cash [more]
- PolarityTE (PTE) higher after providing an update to the FDA related to its Investigational New Drug application for SkinTE [more]
- Theravance Biopharma (TBPH) lower in New York after reporting its Phase 2b study of izencitinib did not meet its primary or secondary endpoints [more]
- Mister Car Wash (MCW) falls after announcing a 12M share offering of its stock priced at $19.57 [more]
- Altice USA (ATUS) lower after announcing a 13.8M share offering priced at $28.50 [more]
5. EARNINGS/GUIDANCE:
- Best Buy (BBY) beat estimates on its top and bottom lines for its Q2 and raised its FY sales outlook [more]
- Palo Alto Networks (PANW) beat EPS estimates by 13c and revenue was also above estimates [more]
- Advance Auto Parts (AAP) reported EPS and revenue that beat analyst estimates, with SSS up nearly 6% [more]
- Medtronic exceeded Q1 EPS expectations and raised its FY22 EPS view [more]
- Pinduoduo (PDD) said its Q2 EPS exceeded last year, while its revenue nearly doubled [more]
INDEXES:
The Dow rose 30.55, or 0.086%, to 35,366.26, the Nasdaq gained 77.15, or 0.52%, to 15,019.80, and the S&P 500 advanced 6.70, or 0.15%, to 4,486.23.