Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Alibaba (BABA) reported upbeat Q1 results, with CEO Zhang saying the company saw signs of recovery in June [more]
- Coinbase (COIN) shares jumped after the company was selected by BlackRock (BLK) for crypto trading access [more]
- Amgen (AMGN) agreed to acquire ChemoCentryx (CCXI) for $52 per share in cash [more]
- Eli Lilly (LLY) reported downbeat Q2 results and lowered its FY22 earnings outlook [more]
- Kellogg (K) provided a "beat and raise" report for Q2 [more]
2. WALL STREET CALLS:
- Levi Strauss (LEVI) downgraded to Equal Weight from Overweight at Morgan Stanley [more]
- Trupanion (TRUP) downgraded to Neutral from Overweight at Piper Sandler [more]
- Under Armour (UAA) downgraded to Neutral at Baird amid uncertain macro environment [more]
- Southern Company (SO) upgraded to Buy from Neutral at UBS [more]
- Paymentus (PAY) downgraded to Neutral from Buy at Goldman Sachs [more]
3. AROUND THE WEB:
- Global Blood Therapeutics (GBT) is attracting takeover interest, Bloomberg reports [more]
- Walmart (WMT) is laying off corporate employees, NY Times reports [more]
- Tencent (TCEHY) plans to boost its stake in Ubisoft (UBSFY), Reuters reports [more]
- Ondas (ONDS) was named as a short by Night Market Research [more]
- EU antitrust enforcers will investigate Google (GOOGL) Play Store rules, Politico reports [more]
4. MOVERS:
- BioCryst (BCRX) rises after reporting quarterly results and resuming enrollment in BCX9930 clinical program [more]
- Lordstown Motors (RIDE) higher after reporting quarterly results [more]
- Pacific Biosciences (PACB) increases after reporting quarterly results and FY22 guidance [more]
- Gannett (GCI) falls after reporting "challenging" Q2 results and cutting its FY22 outlook [more]
- Ecovyst (ECVT) declines after announcing 1.3M share offering [more]
5. EARNINGS/GUIDANCE:
- Paramount (PARA) reported mimed Q2 results [more]
- Yeti (YETI) reported a year-over-year decline in Q2 earnings [more]
- Cigna (CI) provided a "beat and raise" report for Q2 [more]
- Restaurant Brands (QSR) reported upbeat Q2 results [more]
- Adtran (ADTN) reported better-than-expected Q2 results [more]
INDEXES:
Near midday, the Dow was down 62.09, or 0.19%, to 32,750.41, the Nasdaq was up 16.81, or 0.13%, to 12,684.97, and the S&P 500 was down 1.06, or 0.03%, to 4,154.11.