Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Dick's Sporting (DKS) provided "beat and raise" report for Q2 [more]
- Macy's (M) reported upbeat Q2 results but lowered its FY22 earnings and revenue guidance [more]
- JD.com (JD) reported upbeat Q2 results, including a 9.2% in creative in annual active customer accounts [more]
- Zoom Video (ZM) reported better-than-expected Q2 earnings and provided guidance for Q3 and FY23 [more]
- Medtronic (MDT) reported upbeat Q1 results but lowered its FY23 revenue outlook [more]
2. WALL STREET CALLS:
- Denny's (DENN) was upgraded to Outperform from Neutral at Wedbush [more]
- Grocery Outlet (GO) was downgraded to Underweight from Equal Weight at Morgan Stanley [more]
- Cantor Fitzgerald downgraded Aerie (AERI) to Neutral on the Alon (ALC) acquisition [more]
- Macquarie initiated coverage of Baidu (BIDU) with an Outperform rating [more]
- Argus started AutoNation (AN) at Buy, sees technology boosting sales and margins [more]
3. AROUND THE WEB:
- The White House plans to announce a student debt relief plan on Wednesday, Bloomberg reports [more]
- Tesla (TSLA) CEO Elon Musk is seeking more Twitter (TWTR) data following a whistleblower complaint, NY Post reports [more]
- Astellas (ALPMY) is seeking a regulatory review of its hot flash drug in Europe, Bloomberg says [more]
- Meta (META) reached a $37.5M settlement of a Facebook lawsuit, Reuters reports [more]
- Apple (AAPL) will start producing the iPhone 14 in India two months after China, Bloomberg reports [more]
4. MOVERS:
- Aerie Pharmaceuticals (AERI) increases after Alcon (ALC) acquired the company for $15.25 per share [more]
- Palo Alto Networks (PANW) higher after announcing quarterly results [more]
- Cano Health (CANO) gains after Owl Creek said the company is worth $14 per share [more]
- DLocal (DLO) and XPeng (XPEV) lower in New York after reporting quarterly results [more]
- ZIM Integrated Shipping Services (ZIM) lower in New York after Citi downgraded the stock to Neutral from Buy with a price target of $51.50, down from $120 [more]
5. EARNINGS/GUIDANCE:
- J.M. Smucker (SJM) provided a "beat and raise" report for Q1 [more]
- Nordson (NDSN) reported better-than-expected Q2 results [more]
- Dole (DOLE) reported mixed Q2 results and cut its FY22 outlook [more]
- BOS Better Online Solutions (BOSC) reported a year-over-year increase in Q2 revenue [more]
- Dada Nexus (DADA) reported downbeat Q2 earnings [more]
INDEXES:
The Dow fell 140.05, or 0.42%, to 32,923.56, the Nasdaq gained 11.18, or 0.090%, to 12,392.76, and the S&P 500 declined 4.96, or 0.12%, to 4,133.03.