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:
- Disney's (DIS) ESPN has talked with sports leagues about becoming minority investors in the sports network, CNBC says [read more]
- Thorne HealthTech (THRN) is working with a bank to explore a sale, Reuters reports [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]
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:
The Dow rose 2.51, or 0.0071%, to 35,227.69, the Nasdaq gained 27.49, or 0.20%, to 14,090.80, and the S&P 500 advanced 1.47, or 0.032%, to 4,536.34.
