Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Apple (AAPL) reported upbeat Q3 earnings and revenue, adding that the response to the iPhone 13 "continues to be strong" [more]
- Amazon (AMZN) reported mixed Q2 results but provided upbeat Q3 revenue guidance [more]
- Intel (INTC) reported downbeat Q2 results and slashed its FY22 earnings and revenue guidance [more]
- Exxon Mobil (XOM) reported mixed Q2 results while Chevron (CVX) beat on the top and bottom lines [more]
- Procter & Gamble (PG) reported mixed Q4 results [more]
2. WALL STREET CALLS:
- Baird downgraded Intel (INTC) to Neutral while Susquehanna lowered its rating on the shares to Negative [more]
- JPMorgan downgraded Comcast (CMCSA) to Neutral while Macquarie cut its rating on Comcast to Underperform [more]
- Oppenheimer upgraded First Solar (FSLR) to Outperform from Perform [more]
- Baird upgraded Northrop Grumman (NOC) to Outperform from Neutral [more]
- JPMorgan double downgraded Spirit Airlines (SAVE) to Underweight from Overweight [more]
3. AROUND THE WEB:
- The Air Force has grounded its F-35 (LMT) fleet on ejection seat concerns, Breaking Defense reports [more]
- Under Armour (UAA) pays $67.5M to settle UCLA lawsuit, LA Times says [more]
- Meta's (META) Instagram will roll back some recent changes, Platformer reports [more]
- Netflix (NFLX) agrees to a deal over an immersive NYC-based "Squid Game" experience, THR says [more]
- Instacart is aiming to go public via an IPO this year, WSJ reports [more]
4. MOVERS:
- First Solar (FSLR) rises after reported upbeat Q2 results [more]
- Five9 (FIVN) jumps after providing a "beat and raise" report for Q2 [more]
- Sarepta (SRPT) higher after saying it intends to submit a Biologics License Application seeking accelerated approval for SRP-9001 to treat ambulant individuals with Duchenne muscular dystrophy [more]
- Holley (HLLY) lower after cutting its FY22 revenue guidance [more]
- Edwards Lifesciences (EW) lower after reporting quarterly results [more]
5. EARNINGS/GUIDANCE:
- Colgate-Palmolive (CL) provided a "beat and raise" report for Q2 [more]
- Roku (ROKU) reported downbeat Q2 results and provided worse-than-expected Q3 revenue guidance [more]
- AbbVie (ABBV) reported mixed Q2 results [more]
- DexCom (DXCM) reported downbeat Q2 results [more]
- Newell Brands (NWL) cut its FY22 earnings and revenue guidance [more]
INDEXES:
Near midday, the Dow was up 107.09, or 0.33%, to 32,636.72, the Nasdaq was up 124.93, or 1.03%, to 12,287.52, and the S&P 500 was up 32.09, or 0.79%, to 4,104.52.