Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Target (TGT) reported lower-than-expected Q2 sales and earnings and reiterated its FY22 revenue guidance [more]
- Lowe's (LOW) reported mixed Q2 results and affirmed its FY22 outlook [more]
- TJX (TJX) reported downbeat Q2 earnings and revenue [more]
- Tesla (TSLA) founder Elon Musk tweeted a joke that he was buying Manchester United (MANU), though Bloomberg separately reported that the Glazer family would consider selling a minority stake in the soccer club [more]
- Laird Superfood (LSF) received an offer to be acquired by EF Hutton for $3 per share [more]
2. WALL STREET CALLS:
- Apple (AAPL) upgraded to Outperform at Credit Suisse as new analyst assumes coverage [more]
- Roth Capital upgrades DraftKings (DKNG) to Buy ahead of NFL season [more]
- Weber (WEBR) downgraded to Sell from Neutral at Citi [more]
- J.M. Smucker (SJM) upgraded to Buy from Neutral at BofA [more]
- Guggenheim cuts Teladoc (TDOC) to Sell with growth remaining pressured [more]
3. AROUND THE WEB:
- Blackstone (BX) looks to raise $400M0 in a Sona Comstar stake sale, Bloomberg reports [more]
- Royal Caribbean (RCL) is seeking approval to sail again in Hong Kong, SCMP reports [more]
- Alphabet (GOOGL) invested $1.5B in blockchain from September to June, Cointelegraph reports [more]
- Toyota (TM) and CATL shut down plants in China's Sichuan province, Bloomberg says [more]
- Apple (AAPL) is in talks with suppliers to make the Apple Watch in Vietnam, Nikkei Asia reports [more]
4. MOVERS:
- Tilray (TLRY) rises in New York after receiving approval to commercialize cannabis products in Poland [more]
- Genius Brands (GNUS) gains after reporting quarterly results [more]
- Blueprint Medicines (BPMC) declines after announcing results from Part 2 of its PIONEER trial of Ayvakit [more]
- Krispy Kreme (DNUT) lower after reporting quarterly results [more]
- Fubo (FUBO) lower after Wedbush downgraded the stock to Neutral from Outperform with a price target of $6, up from $5 [more]
5. EARNINGS/GUIDANCE:
- Agilent (A) provided a "beat and raise" report for Q3 [more]
- Analog Devices (ADI) reported better-than-expected Q3 results [more]
- Progressive (PGR) reported upbeat July earnings [more]
- Performance Food Group (PFGC) also provided a "beat and raise" report for Q4 [more]
- Children's Place (PLCE) reported downbeat Q2 results [more]
INDEXES:
Near midday, the Dow was down 281.09, or 0.82%, to 33,870.92, the Nasdaq was down 220.22, or 1.68%, to 12,882.33, and the S&P 500 was down 47.20, or 1.10%, to 4,258.00.