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 warned it sees "soft crypto market conditions from Q2 continuing into 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:
- 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]
- Ford (F) CEO Jim Farley doesn't expect EV battery costs to ease in the near future, CNBC reports [more]
- Spotify (SPOT) tests concert tickets sale straight to fans, The Verge reports [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:
The Dow rose 535.10, or 1.63%, to 33,309.51, the Nasdaq gained 360.88, or 2.89%, to 12,854.81, and the S&P 500 advanced 87.77, or 2.13%, to 4,210.24.