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:
- Apple (AAPL) has delayed new children protection features following feedback [more]
- Kraft Heinz (KHC) will pay $62M to settle SEC accounting scheme charges [more]
- Broadcom (AVGO) reported upbeat Q3 earnings and revenue [more]
- HP Enterprise (HPE) provided a "beat and raise" report for Q3 [more]
- Kansas City Southern's (KSU) board will open talks with Canadian Pacific (CP), CNBC reports [more]
2. TOP CALLS:
- Barclays upgraded Baxter (BAX) to Equal Weight after its deal for Hill-Rom (HRC) [more]
- Vipshop (VIPS) downgraded to Neutral from Buy at UBS [more]
- Brigham Minerals (MNRL) downgraded to Equal Weight from Overweight at Wells Fargo [more]
- Daiwa upgraded Youdao (DAO) to Hold from Underperform [more]
- Forte Biosciences (FBRX) downgraded to Sell from Buy at Chardan [more]
3. AROUND THE WEB:
- Beijing is weighing taking DiDi (DIDI) under state control, Bloomberg reports [more]
- Japan is poised to support the Kioxia-Western Digital (WDC) deal with conditions, Reuters says [more]
- Chevron (CVX) is meeting with Engine No. 1 to prepare for an activist challenge, WSJ reports [more]
- Meanwhile, Chevron is also looking to sell Eagle Ford Basin assets for as much as $3.8B, Reuters says [more]
- Moderna (MRNA) booster application has "insufficient data," NY Times reports [more]
4. MOVERS:
- Impel NeuroPharma (IMPL) jumps after announcing FDA approval of TRUDHESA [more]
- Spok (SPOK) rises after initiating review of strategic alternatives [more]
- FuboTV (FUBO) higher after Fubo Gaming was granted a Manage Service Provider Certification from the Arizona Department of Gaming [more]
- Forte Biosciences (FBRX) lower after its FB-401 trial failed to meet statistical significance [more]
- Yext (YEXT) falls after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- PagerDuty (PD) reported upbeat Q2 results [more]
- Joann (JOAN) reported downbeat Q2 results [more]
- Guidewire (GWRE) also reported better-than-expected Q4 earnings and revenue [more]
- MongoDB (MDB) provided upbeat FY22 guidance [more]
- DocuSign (DOCU) reported upbeat Q2 results [more]
INDEXES:
The Dow fell 74.73, or 0.21%, to 35,369.09, the Nasdaq gained 32.34, or 0.21%, to 15,363.52, and the S&P 500 declined 1.52, or 0.034%, to 4,535.43.