Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Oracle (ORCL) reported mixed Q2 results, with Cloud revenue up 24% year-over-year in constant currency [read more]
- Icosavax (ICVX) agreed to be acquired by AstraZeneca (AZN) for $15 per share in cash at closing plus a non-tradable contingent value right [read more]
- Hasbro (HAS) confirmed that it plans to eliminate an additional 900 positions starting in Q4 [read more]
- Wyndham (WH) has confirmed receipt of a "highly conditional" offer from Choice Hotels (CHH) [read more]
- Rumble (RUM) CEO Chris Pavlovski confirmed the company has experienced a cyberattack [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Volkswagen (VWAGY) is building a team of 3,000 Chinese engineers in Hefei, China, NY Times reports [read more]
- KKR (KKR) is evaluating options for its music assets after potential buyers expressed interest, FT says [read more]
- Jury finds Google (GOOGL) has illegal monopoly in Epic app store dispute, The Verge reports [read more]
- Nvidia (NVDA) sees Vietnam as a potential second home for the company, Bloomberg says [read more]
- Ford (F) intends to reduce the production of its electric F-150 Lightning pickup by 50%, Automotive News says [read more]
4. MOVERS:
- Nokia (NOK) increases in New York after revising its 2026 operating margin target and announcing it began to deploy multi-vendor Open RAN network in Germany with Deutsche Telekom [read more]
- Seagen (SGEN) rises after Pfizer (PFE) announced its acquisition of the company has received all regulatory approvals [read more]
- Cassava Sciences (SAVA) higher after announcing a dividend distribution of warrants to shareholders [read more]
- Lucid Group (LCID) falls after announcing CFO Sherry House will depart the company [read more]
- GoPro (GPRO) down after Morgan Stanley downgraded the shares to Underweight [read more]
5. EARNINGS/GUIDANCE:
- Johnson Controls (JCI) reported Q4 results and provided guidance for Q1 and FY24 [read more]
- Centene (CNC) backed its FY23 outlook and provided guidance for FY24 [read more]
- Agrify (AGFY) reported Q2 results, with EPS higher year-over-year [read more]
- Adobe (ADBE) will report its quarterly results on Wednesday [read more]
- Essa Pharma (EPIX) reported Q4 EPS that beat consensus, with CEO David Parkinson commenting, "We are pleased with the progress made in 2023 with masofaniten" [read more]
INDEXES:
Near midday, the Dow was up 139.25, or 0.39%, to 36,544.18, the Nasdaq was up 27.25, or 0.19%, to 14,459.73, and the S&P 500 was up 6.20, or 0.14%, to 4,628.64.