Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- American Express (AXP) reported mixed Q2 earnings but reaffirmed its FY23 earnings outlook [read more]
- CSX (CSX) reported mostly in-line Q2 results [read more]
- Bristol-Myers (BMY) received a positive CHMP opinion for Opdicvo in IIB or IIC melanoma [read more]
- The SEC announced settled fraud charges against Digital World Acquisition (DWAC) [read more]
- Intuitive Surgical (ISRG) provided a "beat and raise" report for Q2 [read more]
2. WALL STREET CALLS:
- Evercore, Deutsche Bank, Seaport and Pivotal Research all downgraded Sirius XM (SIRI) to Sell or equivalent ratings after the stock rose 42% yesterday "with no change in business fundamentals" [read more]
- Abbott (ABT) upgraded to Peer Perform from Underperform at Wolfe Research [read more]
- Piper downgrades Carvana (CVNA) to Neutral after post-earnings rally [read more]
- DA Davidson upgraded Harley-Davidson (HOG) to Buy from Neutral [read more]
- Oppenheimer initiated coverage of Live Nation (LYV) with an Outperform rating and $110 price target [read more]
3. AROUND THE WEB:
- Microsoft (MSFT) has asked the FTC to delay its August in-house trial, which will open the door for Microsoft and Activision Blizzard (ATVI) on potential settlement talks, Bloomberg says [read more]
- Alphabet's (GOOG) YouTube is raising prices in the U.S. to $13.99 per month, TechCrunch reports [read more]
- U.S. Transportation Secretary Pete Buttigieg said the agency is looking into why Delta (DAL) passengers remained on board the aircraft during extreme heat, Reuters says [read more]
- Warner Bros. (WBD) animation workers have filed a petition for a union election with the national Labor Relations Board, THR says [read more]
- Brazil's audit court will likely pause the sale of Braskem (BAK), Bloomberg reports [read more]
4. MOVERS:
5. EARNINGS/GUIDANCE:
- AutoNation (AN) reported Q2 results, with CEO Mike Manley commenting the "strong performance during the quarter reflects continued resiliency" [read more]
- Scholastic (SCHL) reported Q4 results, provided outlook for FY24, and approved an additional $100M for its stock repurchase program [read more]
- Knight-Swift (KNX) reported Q2 results and cut its FY23 outlook [read more]
- Huntington Bancshares (HBAN) reported better-than-expected Q2 results [read more]
- PPG (PPG) provided a "beat and raise" report for Q2 [read more]
INDEXES:
Near midday, the Dow was up 69.02, or 0.20%, to 35,294.20, the Nasdaq was up 11.69, or 0.08%, to 14,075.00, and the S&P 500 was up 12.69, or 0.28%, to 4,547.56.
