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]
- West Fraser (WFG) said its received no buyout proposal from CVC and Kronospan following a media report regarding an offer [more]
- A Delaware Chancery Court judge ruled in favor of Twitter (TWTR) for an expedited trial in the company's lawsuit against Tesla (TSLA) CEO Elon Musk [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]
- Carlyle (CG) is exploring a sale of the remainder of Sequa, Bloomberg reports [more]
- Meta (META) is shifting resources towards the creator economy, WSJ says [more]
4. MOVERS:
- Apellis Pharmaceuticals (APLS) higher after announcing the FDA has accepted and granted Priority Review designation for the intravitreal pegcetacoplan NDA [more]
- NCR Corp. (NCR) rises after The Wall Street Journal said the company is in exclusive talks to be sold to Veritas Capital [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:
- Hasbro (HAS) reported upbeat Q2 earnings, saying it is making "significant progress" in its strategic review [more]
- 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]
INDEXES:
The Dow rose 754.44, or 2.43%, to 31,827.05, the Nasdaq gained 353.10, or 3.11%, to 11,713.15, and the S&P 500 advanced 105.84, or 2.76%, to 3,936.69.