Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- IBM (IBM) reported upbeat Q2 results and reiterated its FY22 revenue growth guidance [more]
- Johnson & Johnson (JNJ) reported better-than-expected Q2 results and lowered its FY22 earnings guidance [more]
- Lockheed Martin (LMT) reported downbeat Q2 earnings and revenue and lowered its FY22 outlook [more]
- NCR Corp. (NCR) is in exclusive talks to be sold to Veritas Capital, according to The Wall Street Journal [more]
- Hasbro (HAS) reported upbeat Q2 earnings, saying it is making "significant progress" in its strategic review [more]
2. WALL STREET CALLS:
- Exxon Mobil (XOM) upgraded to Overweight from Neutral at Piper Sandler [more]
- Macquarie downgrades Block (SQ) on expected cuts to estimates [more]
- Cinemark (CNK) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
- Sunrun (RUN) and Sunnova Energy (NOVA) downgraded to Neutral from Overweight at Piper Sandler [more]
- Morgan Stanley double upgraded Cboe Global Markets (CBOE) to Overweight from Underweight [more]
3. AROUND THE WEB:
- Skechers (SKX) was named a short at Spruce Point [more]
- Apple (AAPL) seen facing supply issues with the iPhone 14 series, 9to5Mac reports [more]
- Boeing (BA) nearing deal to sell Dreamliners to AerCap (AER), WSJ reports [more]
- GM (GM) will begin selling its battery-powered Chevy Blazer next year, Bloomberg says [more]
- Intel (INTC) price increases may push PC vendors into early purchases, DigiTimes reports [more]
4. MOVERS:
- Apellis Pharmaceuticals (APLS) higher after announcing the FDA has accepted and granted Priority Review designation for the intravitreal pegcetacoplan NDA [more]
- West Fraser Timber (WFG) increases in New York after Reuters reported CVC Capital and Kronospan have submitted a joint expression of interest to buy the company [more]
- Silvergate Capital (SI) gains after reporting quarterly results [more]
- Ultragenyx (RARE) falls after providing interim data on the study of GTX-102 [more]
- Signature Bank (SBNY) declines after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Halliburton (HAL) reported upbeat Q2 results [more]
- Citizens Financial (CFG) reported upbeat Q2 underlying EPS [more]
- Aveanna (AVAH) said it expects weaker than anticipated Q2 results [more]
- Verra Mobility (VRRM) raised its FY22 revenue guidance [more]
- Ally Financial (ALLY) reported downbeat Q2 results [more]
INDEXES:
Near midday, the Dow was up 480.96, or 1.55%, to 31,553.57, the Nasdaq was up 250.46, or 2.20%, to 11,610.50, and the S&P 500 was up 71.79, or 1.87%, to 3,902.64.