Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Tesla (TSLA) CEO Elon Musk sold nearly 8M shares of company stock [more]
- Coinbase (COIN) reported downbeat Q2 results and provided conservative guidance for Q3 [more]
- Fox Corp. (FOXA) reported lower-than-expected Q4 results [more]
- Wendy's (WEN) provided a "beat and raise" report for Q2 [more]
- Shift Technologies (SFT) announced a stock-for-stock merger with CarLotz (LOTZ) [more]
2. WALL STREET CALLS:
- MoffettNathanson downgrades Roku (ROKU) to sell on "challenged" position [more]
- Altice USA (ATUS) downgraded to Hold at HSBC following share price rally [more]
- Twitter (TWTR) price target raised to $50 from $30 at Wedbush [more]
- Coinbase (COIN) downgraded to Underperform from Market Perform at Keefe Bruyette [more]
- RealReal (REAL) double downgraded to Underperform at BofA [more]
3. AROUND THE WEB:
- Deutsche Bank (DB) will add to its team in Africa, Bloomberg reports [more]
- Volkswagen's (VWAGY) incoming CEO plans to shrink the size of the board, Reuters reports [more]
- United (UAL) put down a $10M deposit on an Archer Aviation (ACHR) aircraft, WSJ reports [more]
- TSMC (TSM) received sub-7nm chip orders from Qualcomm (QCOM), DigiTimes reports [more]
- Amazon (AMZN) will expand its Amazon One service to more Whole Foods locations, The Verge says [more]
4. MOVERS:
- Invitae (NVTA) higher after reporting quarterly results and backing FY22 revenue guidance [more]
- Array Technologies (ARRY) rises after reporting quarterly results [more]
- WM Technology (MAPS) and PLBY Group (PLBY) fall after reporting quarterly results [more]
- Nextdoor (KIND) declines after reporting quarterly results and cutting FY22 revenue guidance [more]
- Mirum Pharmaceuticals (MIRM) lower after announcing a 3.48M share offering [more]
5. EARNINGS/GUIDANCE:
- Sweetgreen (SG) reported downbeat Q2 results and cut its 2022 sales outlook [more]
- Trade Desk (TTD) reported mixed Q2 results [more]
- Roblox (RBLX) reported downbeat Q2 results [more]
- Ametch Systems (ASYS) reported better-than-expected preliminary Q3 results [more]
- CyberArk (CYBR) reported upbeat Q2 results [more]
INDEXES:
Near midday, the Dow was up 508.00, or 1.55%, to 33,282.41, the Nasdaq was up 307.76, or 2.46%, to 12,801.69, and the S&P 500 was up 80.36, or 1.95%, to 4,202.83.