Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Amazon (AMZN) will take a stake in Just Eat Takeaway's (TKAYY) Grubhub as part of a commercial agreement in the U.S. [more]
- The U.K. has opened a competition investigation into Microsoft's (MSFT) proposed acquisition of Activision Blizzard (ATVI) [more]
- The FDA has suspended its ban on Juul (MO) products while the vaping company appeals [more]
- Resolute Forest (RFP) agreed to be acquired by Paper Excellence Group for $2.7B [more]
- Kornit (KRNT) provided downbeat Q2 revenue guidance [more]
2. WALL STREET CALLS:
- Wells Fargo upgrades Rocket Companies (RKT) to Overweight, raises price target to $10 [more]
- RingCentral (RNG) downgraded to Hold from Buy at Needham [more]
- Atlantic downgrades Coinbase (COIN) to Neutral, lowers price target "materially" [more]
- Enanta (ENTA) upgraded to Outperform at Evercore ISI ahead of COVID anti-viral data [more]
- BMO Capital downgrades Universal Health (UHS) and HCA Healthcare (HCA) to Underperform [more]
3. AROUND THE WEB:
- Marriott (MAR) suffered another data breach, CyberScoop reports [more]
- Vivendi (VIVHY) subsidiary Canal+ is seeking a stake in Lionsgate (LGF.A), Les Echos reports [more]
- Cushman & Wakefield (CWK) was held in contempt of court in Trump case, CNBC says [more]
- United Airlines (UAL) is blaming the FAA for worsening industry's issues, Bloomberg reports [more]
- Shopify (SHOP) has quietly delayed its compensation overhaul, Globe and Mail reports [more]
4. MOVERS:
- Veru (VERU) higher after announcing the results from a Phase 3 COVID-19 study evaluating sabizabulin [more]
- Rivian Automotive (RIVN) gains after reporting Q2 production of 4,401 vehicles [more]
- Tilray Brands (TLRY) increases after its cannabis brand Good Supply expanded its product offering in Quebec [more]
- ContextLogic (WISH) declines after the U.S. EPA ordered the company to stop selling several unregistered disinfectants through its e-commerce marketplace [more]
- Hut 8 Mining (HUT) falls in New York after reporting it mined 328 Bitcoin in June [more]
5. EARNINGS/GUIDANCE:
- Rada Electronic (RADA) provided downbeat Q2 revenue guidance and withdrew FY22 guidance in light of the pending merger with Leonardo DRS [more]
- T2 Biosystems (TTOO) provided lower-than-expected revenue guidance for Q2 [more]
- Art's Way (ARTW) reported a year-over-year increase in Q2 earnings and revenue [more]
- Safe-T (SFET) reported upbeat preliminary Q2 revenue [more]
- Nephros (NEPH) reported a 27% year-over-year increase in preliminary Q2 revenue [more]
INDEXES:
Near midday, the Dow was down 117.41, or 0.38%, to 30,850.41, the Nasdaq was down 45.16, or 0.40%, to 11,277.08, and the S&P 500 was down 14.06, or 0.37%, to 3,817.33.