Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Walmart (WMT) provided a "beat and raise" report for Q2 [more]
- Home Depot (HD) reported upbeat Q2 results and reiterated its FY22 outlook [more]
- WWE (WWE) reported better-than-expected quarterly results [more]
- ZipRecruiter (ZIP) reported upbeat Q2 results but lowered its FY22 revenue guidance [more]
- GSK (GSK) said the plaintiff in the first U.S. Zantac trial will file for voluntary dismissal [more]
2. WALL STREET CALLS:
- Zoom Video (ZM) downgraded to Sell from Neutral at Citi [more]
- Snowflake (SNOW) downgraded to Neutral at UBS as Citi opens negative Catalyst Watch ahead of earnings [more]
- B. Riley downgrades "meme stock" Bed Bath & Beyond (BBBY) to Sell [more]
- Daiwa upgraded PayPal (PYPL) to Outperform while downgrading Visa (V) and MasterCard (MA) to Neutral [more]
- Wolfe starts Matson (MATX) at Underperform, sees "peak EPS" in 2022 [more]
3. AROUND THE WEB:
- Amazon (AMZN) will raise seller fees for holidays amid surging inflation, CNBC reports [more]
- AstraZeneca (AZN) has sued a former dealmaker for sharing data with GSK (GSK), Bloomberg reports [more]
- A judge has criticized 3M's (MMM) bankruptcy strategy but won't prohibit it, WSJ reports [more]
- BMW (BMWYY) is investigating a fatal crash involving an iX SUV, Bloomberg says [more]
- Tencent (TCEHY) plans to sell "all or bulk" of its 17% stake in China's Meituan, Reuters reports [more]
4. MOVERS:
- Blend Labs (BLND) rises after reporting quarterly results and backing its FY22 revenue guidance [more]
- IonQ (IONQ) and Global-E Online (GLBE) gain in New York after reporting quarterly results [more]
- Carnival (CCL) higher after saying that booking activity for August 15 was nearly double the level for the equivalent day in 2019 [more]
- Albireo Pharma (ALBO) and AMMO (POWW) lower after reporting quarterly results [more]
- Bloom Energy (BE) lower after announcing 13M share offering [more]
5. EARNINGS/GUIDANCE:
- Ginkgo Bioworks (DNA) reported mixed Q2 results and increased its FY22 revenue guidance [more]
- Compass (COMP) reported downbeat Q2 results [more]
- Eagle Point Credit (ECC) reported upbeat Q2 earnings [more]
- Lumentum (LITE) reported upbeat Q4 results [more]
- Premier (PINC) reported upbeat Q4 results [more]
INDEXES:
The Dow rose 239.57, or 0.71%, to 34,152.01, the Nasdaq lost 25.50, or 0.19%, to 13,102.55, and the S&P 500 advanced 8.06, or 0.19%, to 4,305.20.