Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- DocuSign (DOCU) provided a "beat and raise" report for Q2 and boosted its stock repurchase program to $500M [read more]
- Kroger (KR) reported better-than-expected Q2 earnings, reaffirmed its FY23 guidance, and announced, along with Albertsons (ACI), a divestiture plan with C&S Wholesale Grocers [read more]
- The SEC is investigating co-founder of Chewy (CHWY) and chairman of GameStop (GME) Ryan Cohen's ownership and sale of Bed Bath & Beyond (BBBY) stock, according to The Wall Street Journal [read more]
- UPS (UPS) plans to raise average prices by 5.9% in 2024 [read more]
- Smartsheet (SMAR) provided a "beat and raise" report for Q2 [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- China plans to broaden ban on Apple's (AAPL) iPhones in sensitive departments to government agencies and state companies, Bloomberg reports [read more]
- Goldman Sachs (GS) plans to implement more job cuts for lower performing staff, FT says [read more]
- Spotify (SPOT) plans to test a free audiobook bundle for its paying subscribers, WSJ reports [read more]
- The Unions for Las Vegas Strip workers move closer to a potential strike, which could impact casino-resorts that are handled by Caesars Entertainment (CZR), Wynn Resorts, (WYNN), and MGM Resorts (MGM), WSJ reports [read more]
- Peloton (PTON) is being sued by the family of a New York man who they claim was killed by his Peloton bike, CNBC reports [read more]
4. MOVERS:
5. EARNINGS/GUIDANCE:
- RH (RH) reported Q2 results and narrowed its FY23 guidance [read more]
- Braze (BRZE) reported Q2 results, with CEO Bill Magnuson commenting the company "delivered another strong quarter" [read more]
- Zumiez (ZUMZ) reported Q2 results and provided guidance for Q3, with CEO Rick Brooks commenting the company's "year-over-year top-line performance was meaningfully better compared with the first quarter" [read more]
- Planet Labs (PL) announced Q2 results and cut its FY24 guidance [read more]
- Rent The Runway (RENT) reported Q2 EPS that beat consensus, but its revenue missed estimates [read more]
INDEXES:
Near midday, the Dow was up 57.99, or 0.17%, to 34,558.72, the Nasdaq was up 46.85, or 0.34%, to 13,795.68, and the S&P 500 was up 11.24, or 0.25%, to 4,462.38.