Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Salesforce (CRM) provided a "beat and raise" report for Q2 [read more]
- Okta (OKTA) also provided a "beat and raise" report for Q2 [read more]
- Crowdstrike (CRWD) reported better-than-expected Q2 results and provided upbeat guidance for Q3 and FY24 [read more]
- Amazon (AMZN) announced the Buy with Prime app for Shopify (SHOP) [read more]
- Hormel (HRL) reported downbeat Q3 results and lowered its FY23 earnings and revenue guidance [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Baidu (BIDU) and ByteDance launched their AI chatbots to the public, FT reports [read more]
- The Federal Reserve raised risk and compliance concerns over Goldman Sachs' (GS) collaborations with financial technology firms, FT says [read more]
- Investors seeks damages from Glencore (GLNCY) over claims the company made misleading statements in past share prospectuses to hide corrupt activities, FT reports [read more]
- American Air (AAL) flight attendants vote in favor of a strike, The Hill reports [read more]
- Investment firm sues Disney (DIS) over scheme to hide streaming losses, NY Post reports [read more]
4. MOVERS:
- Microvast (MVST) higher after Janney Montgomery Scott initiated coverage of the stock with a Buy rating [read more]
- iCoreConnect (ICCT) rises after completing its business combination with FG Merger Corp. (FGF) [read more]
- Ke Holdings (BEKE) increases in New York after reporting quarterly results [read more]
- Pure Storage (PSTG) falls after reporting quarterly results [read more]
- Gaotu Techedu (GOTU) lower in New York after CLSA downgraded the stock to Underperform [read more]
5. EARNINGS/GUIDANCE:
- Chewy (CHWY) reported Q2 results, provided guidance for Q3, and backed its outlook for FY23 [read more]
- Victoria's Secret (VSCO) provided Q2 results, with Wells Fargo commenting the "uncertainty" on the company's ability to execute a turnaround is "mounting" and the stock's valuation "should continue to erode" [read more]
- Dollar General (DG) announced Q2 results, with CEO Jeff Owen commenting "While we are not satisfied with our overall financial results, we made significant progress in the second quarter improving execution in our supply chain and our stores" [read more]
- Campbell Soup (CPB) reported Q4 results, with CEO Mark Clouse commenting "we delivered a strong fiscal 2023" [read more]
- Ciena (CIEN) reported Q3 EPS and revenue that beat consensus [read more]
INDEXES:
Near midday, the Dow was up 32.27, or 0.09%, to 34,922.51, the Nasdaq was up 53.49, or 0.38%, to 14,072.80, and the S&P 500 was up 8.45, or 0.19%, to 4,523.32.
