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:
- GameStop (GME) shares active after company reports Q2 results [more]
- U.S. airlines including Southwest (LUV), Delta (DAL), United (UAL), JetBlue (JBLU), and American (AAL) are in focus after providing downbeat Q3 operating guidance [more]
- Caesars (CZR) agreed to sell non-U.S. assets of William Hill to 888 Holdings (EIHDF) for GBP2.2B [more]
- Ford India (F) will cease vehicle manufacturing amid a restructuring of its India operations [more]
- JPMorgan (JPM) agreed to acquire restaurant discovery platform The Infatuation [more]
2. WALL STREET CALLS:
- Cisco (CSCO) downgraded to Equal Weight from Overweight at Morgan Stanley [more]
- Cowen upgrades Macy's (M) to Outperform, sees "American icon reinvented" [more]
- Citi starts Lucid Group (LCID) at Buy on electric vehicle tech credentials [more]
- Blade Air Mobility (BLDE) initiated with an Overweight at JPMorgan [more]
- BioMarin (BMRN) upgraded to Buy from Hold at Stifel [more]
3. AROUND THE WEB:
- Google (GOOG) is facing another EU probe over Google Assistant, Business Insider says [more]
- Starboard has failed to win Box (BOX) board seats, Bloomberg reports [more]
- General Motors (GM) will extend a shutdown of its Orion assembly plant in Michigan amid a recall of its Chevrolet Bolt vehicles, Reuters says [more]
- Walmart (WMT) will phase out quarterly bonuses for store workers, WSJ reports [more]
- President Biden is expected to ask the Labor Department to put out a rule for any employers with more than 100 staff to have a vaccine and/or testing requirement, NBC says [more]
4. MOVERS:
- BeyondSpring (BYSI) jumps after Baird analyst Joel Beatty initiated coverage of the stock with an Outperform rating and $50 price target [more]
- Lovesac (LOVE) rises after reporting quarterly results [more]
- Peloton (PTON) higher after announcing the launch of its private label apparel brand [more]
- Humanigen (HGEN) plunges after the FDA denied its request for emergency use authorization of lenzilumab in newly hospitalized COVID-19 patients [more]
- J. Jill (JILL) slips after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Lululemon (LULU) provided "beat and raise" report for Q2 [more]
- RH (RH) provided "beat and raise" report for Q2 [more]
- SentinelOne (S) reported upbeat quarterly revenue in first report since IPO [more]
- Boston Beer (SAM) cut its FY21 adjusted earnings guidance [more]
- Invacare (IVC) lowered its FY21 revenue guidance [more]
INDEXES:
The Dow fell 151.69, or 0.43%, to 34,879.38, the Nasdaq lost 38.38, or 0.25%, to 15,248.25, and the S&P 500 declined 20.79, or 0.46%, to 4,493.28.