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]
- 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]
- Minutes from the last FOMC meeting show participants saw risk that FOMC could tighten more than needed [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]
- Alphabet (GOOGL) invested $1.5B in blockchain from September to June, Cointelegraph reports [more]
- Apple (AAPL) is targeting September 7 for an iPhone 14 launch event, Bloomberg reports [more]
- TPG (TPG) is exploring a possible sale of Immucor, Bloomberg says [more]
- Denbury (DEN) is exploring options including a sale, Bloomberg says [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]
- Bluebird Bio (BLUE) higher after the FDA announced approval of Zynteglo [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]
5. EARNINGS/GUIDANCE:
- TJX (TJX) reported downbeat Q2 earnings and revenue [more]
- Agilent (A) provided a "beat and raise" report for Q3 [more]
- Analog Devices (ADI) reported better-than-expected Q3 results [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:
The Dow fell 171.69, or 0.50%, to 33,980.32, the Nasdaq lost 164.43, or 1.25%, to 12,938.12, and the S&P 500 declined 31.16, or 0.72%, to 4,274.04.