Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Campbell Soup (CPB) agreed to acquire Sovos Brands (SOVO) for $23 per share in cash [read more]
- Veritiv (VRTV) agreed to be acquired by CD&R for $170 per share in cash [read more]
- Tabula Rasa Healthcare (TRHC) agreed to be acquired by Nautic Partners for $10.50 per share in cash [read more]
- Tyson Foods (TSN) reported downbeat Q3 results and announced the closure of four additional chicken facilities [read more]
- Berkshire Hathaway (BRK.A) reported a year-over-year increase in Q2 operating earnings [read more]
2. WALL STREET CALLS:
- DraftKings (DKNG) was upgraded to Overweight from Equal Weight at Wells Fargo [read more]
- At least five firms downgraded Sage Therapeutics (SAGE) after the FDA issued a CRL for zuranolone in major depressive disorder [read more]
- Monster Beverage (MNST) was upgraded to Overweight from Neutral at Piper Sandler [read more]
- Guggenheim upgraded Fortinet (FTNT) to Buy from Neutral [read more]
- Redburn downgraded American Airlines (AAL) and Southwest (LUV) but upgraded United Airlines (UAL) to Buy [read more]
3. AROUND THE WEB:
4. MOVERS:
- Vistagen Pharmaceuticals (VTGN) surges after its social anxiety disorder trial hit its primary endpoint [read more]
- Nano Dimension (NNDM) rises after its board approved a $227.5M share repurchase plan [read more]
- Black Knight (BKI) higher after announcing with Intercontinental Exchange that they have jointly stipulated, along with the FTC, to dismiss the federal court case [read more]
- BioNTech (BNTX) falls after reporting quarterly results [read more]
- Mesoblast (MESO) lower after Maxim downgraded the stock to Hold [read more]
5. EARNINGS/GUIDANCE:
- Genius Sports (GENI) reported Q2 results and provided guidance for FY23 [read more]
- Elanco (ELAN) reported Q2 results, raised its FY23 guidance, and provided outlook for Q3 [read more]
- Gogo (GOGO) reported Q2 results and cut its FY23 revenue view [read more]
- TreeHouse (THS) reported Q2 results, with CEO Steve Oakland commenting the company is "confident" in achieving its "near- and long-term financial goals" [read more]
- Henry Schein (HSIC) reported Q2 results and backed its FY23 guidance, with CEO Henry Schein commenting the company reported "solid results" [read more]
INDEXES:
The Dow rose 407.51, or 1.16%, to 35,473.13, the Nasdaq gained 85.16, or 0.61%, to 13,994.40, and the S&P 500 advanced 40.41, or 0.90%, to 4,518.44.