Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Netflix (NFLX) reported better-than-expected Q2 earnings and provided upbeat Q3 earnings guidance [read more]
- Tesla (TSLA) reported better-than-expected Q2 results and said it still expects to produce around 1.8M vehicles for the year [read more]
- IBM (IBM) reported upbeat Q2 earnings but downbeat Q2 revenue [read more]
- Johnson & Johnson (JNJ) provided a "beat and raise" report for Q2, adding it will provide "timely" new guidance when it is no longer a majority Kenvue (KVUE) holder via an exchange offer that could come as soon as the "coming days" [read more]
- Keurig Dr Pepper (KDP) agreed to acquire a 33% ownership of La Colombe for $300M [read more]
2. WALL STREET CALLS:
- Estee Lauder (EL) downgraded to Equal Weight from Overweight at Barclays [read more]
- Carvana (CVNA) downgraded to Underperform from Sector Perform at RBC Capital [read more]
- AB InBev (BUD) assumed with Overweight from Equal Weight at Morgan Stanley [read more]
- Omnicell (OMCL) downgraded to Underweight from Overweight at Wells Fargo [read more]
- Skyworks (SWKS) downgraded on lack of catalysts at Barclays [read more]
3. AROUND THE WEB:
- Tesla (TSLA) wants to double the production capacity of its assembly plant outside of Berlin, NY Times reports [read more]
- Pfizer's (PFE) facility in North Carolina was heavily damaged by a tornado, WTVD reports [read more]
- TSMC (TSM) is delaying the start of mass production at its Arizona facility until 2025 due to labor shortages, Nikkei Asia says [read more]
- Google (GOOG) is testing a new A.I. product that can produce news content, NY Times says [read more]
- Microsoft (MSFT) is on track to deliver an improved version of its combat goggles by July 31, Bloomberg reports [read more]
4. MOVERS:
- Zions Bancorp (ZION) increases after reporting quarterly results [read more]
- Equality Lifestyle (ELS) rises after being named to join the S&P 400 [read more]
- XP Inc. (XP) higher in New York after Credit Suisse upgraded the stock to Neutral [read more]
- Vir Biotechnology (VIR) falls after its PENINSULA trial of VIR-2482 did not meet primary or secondary efficacy endpoints [read more]
- Discover (DFS) lower after reporting quarterly results and stating that it will pause share repurchases amid its compliance review [read more]
5. EARNINGS/GUIDANCE:
- United Airlines (UAL) reported Q2 results and provided guidance for FY23 and Q3 [read more]
- Las Vegas Sands (LVS) reported Q2 EPS and revenue that beat consensus [read more]
- Alcoa (AA) reported Q2 results, with CEO Roy Harvey commenting he expects to see financial improvement in Q3 [read more]
- Travelers (TRV) reported Q2 results [read more]
- Philip Morris (PM) reported Q2 results, revised its FY23 guidance, and provided its outlook for Q3 [read more]
INDEXES:
Near midday, the Dow was up 269.78, or 0.77%, to 35,330.99, the Nasdaq was down 205.69, or 1.43%, or 14,152.33%, to xxx, and the S&P 500 was down 15.93, or 0.35%, to 4,549.79.