Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Amazon (AMZN) agreed to acquire iRobot (IRBT) for $1.7B, or $61 per share in cash [more]
- Warner Bros. Discovery (WBD) reported downbeat Q2 results and cut its FY22 adjusted EBITDA guidance, with CEO David Zaslav saying the company will combine its HBO Max and Discovery+ streaming services next summer [more]
- Amgen (AMGN) reported upbeat Q2 results and reiterated its FY22 earnings guidance [more]
- Western Digital (WDC) reported better-than-expected Q4 earnings and revenue but provided downbeat Q1 guidance [more]
- Block (SQ) reported a Q2 earnings beat [more]
2. WALL STREET CALLS:
- Virgin Galactic (SPCE) downgraded to Sell from Hold at Truist [more]
- JPMorgan downgrades Paramount (PARA) to Underweight on soft DTC revenue [more]
- Hyzon Motors (HYZN) downgraded to Underweight from Overweight at JPMorgan [more]
- Twilio (TWLO) downgraded to Hold at Stifel and to Neutral at Atlantic Equities after earnings [more]
- Morgan Stanley downgrades Fisker (FSR) on risk of raising new capital [more]
3. AROUND THE WEB:
- Palantir (PLTR) told Bloomberg its headcount will rise about 25% by the end of the year [more]
- Tesla (TSLA) investors voted to approve a 3-to-1 stock split, Bloomberg says [more]
- Car makers are asking the U.S. to ease proposed requirements for EV tax breaks, WSJ reports [more]
- Dr Reddy's (RDY) and Intas are in talks to acquire Athenex (ATHX), Economic Times reports [more]
- Pfizer (PFE) in advanced talks to buy Global Blood Therapeutics (GBT) for about $5B, WSJ reports [more]
4. MOVERS:
- Atlas Corp (ATCO) rises in New York after confirming the receipt of a “take private” proposal [more]
- Carvana (CVNA) higher after reporting quarterly results [more]
- Opendoor Technologies (OPEN) gains after reporting quarterly results and announcing a multi-year partnership with Zillow (Z) [more]
- Twilio (TWLO) falls after reporting quarterly results [more]
- B&G Foods (BGS) declines after reporting quarterly results and providing FY22 guidance [more]
5. EARNINGS/GUIDANCE:
- Yelp (YELP) provided a "beat and raise" report for Q2 [more]
- DoorDash (DASH) reported mixed Q2 results [more]
- Cloudflare (NET) reported upbeat Q2 revenue [more]
- Doximity (DOCS) reported upbeat Q1 results but cut its FY22 revenue outlook [more]
- NortonLifeLock (NLOK) reported mixed Q1 results [more]
INDEXES:
Near midday, the Dow was down 138.03, or 0.42%, to 32,588.79, the Nasdaq was down 148.16, or 1.16%, to 12,572.42, and the S&P 500 was down 32.21, or 0.78%, to 4,119.73.