Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- An EU court upheld an antitrust ruling against Google (GOOGL) but reduced the fine on the company to EUR4.125B [more]
- Johnson & Johnson (JNJ) announced a $5B share repurchase program [more]
- Comcast (CMCSA) increased its share repurchase authorization to $20B [more]
- Dow (DOW) expects Q3 net sales to be $600M lower than consensus [more]
- Twilio (TWLO) is reducing its workforce by roughly 11% [more]
2. WALL STREET CALLS:
- Evercore double downgrades Block (SQ) to sell on "growing headwinds" [more]
- PayPal (PYPL) upgraded to Outperform from Market Perform at Raymond James [more]
- BofA upgrades SoFi Technologies (SOFI) to Buy on "meaningful catalyst path" [more]
- Nikola (NKLA) upgraded to Buy from Neutral at BTIG [more]
- Loop Capital cuts Match Group (MTCH) to Hold, sees potential for more earnings misses [more]
3. AROUND THE WEB:
- Stephen Curry is said to be near a $1B lifetime deal with Under Armour (UAA), Tribune reports [more]
- Zoom Video (ZM) to debut own email and calendar services, The Information says [more]
- Baxter (BAX) looking to sell its renal-care services and hemodialysis units, Bloomberg reports [more]
- Moderna (MRNA) has held talks to supply COVID-19 vaccines to China, Reuters reports [more]
- SoftBank (SFTBY) considers launching a third Vision Fund, WSJ reports [more]
4. MOVERS:
- Ferroglobe (GSM) higher after B. Riley initiated coverage of the stock with a Buy rating and $12 price target [more]
- Starbucks (SBUX) increases announcing its new targets for the next three years in its Investor Day presentation [more]
- Vintage Wine Estates (VWE) decreases after reporting quarterly results [more]
- Altimmune (ALT) declines after announcing results from the Phase 1b study of pemvidutide [more]
- Point Biopharma (PNT) lower after announcing a 13.9M share offering [more]
5. EARNINGS/GUIDANCE:
- Raytheon (RTX) reiterated its FY22 earnings and revenue outlook [more]
- O-I Glass (OI) raised its FY22 adjusted earnings guidance [more]
- Nucor (NUE) provided downbeat Q3 earnings guidance [more]
- Cross Country Healthcare (CCRN) raised its Q3 earnings and revenue guidance [more]
- Goosehead Insurance (GSHD) backed its FY22 revenue outlook [more]
INDEXES:
Near midday, the Dow was up 80.43, or 0.26%, to 31,185.40, the Nasdaq was up 82.39, or 0.71%, to 11,715.96, and the S&P 500 was up 15.64, or 0.40%, to 3,948.33.