Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Shares of Trump Media (DJT) surged following Saturday's assassination attempt on the former president [read more]
- Goldman Sachs (GS) reported better-than-expected Q2 results and increased its quarterly dividend to $3.00 per share [read more]
- Alphabet (GOOGL) is in talks to acquire cybersecurity startup Wiz for $23B, according to Reuters [read more]
- Macy's (M) said it will terminate discussions with Arkhouse Management and Brigade Capital [read more]
- Cleveland-Cliffs (CLF) agreed to acquire Stelco for roughly $2.5B [read more]
2. WALL STREET CALLS:
- Apple (AAPL) upgraded to Buy at Loop Capital, named top pick in enterprise IT hardware at Morgan Stanley [read more]
- Susquehanna cut Caesars (CZR) to Negative, sees underperformance persisting [read more]
- Carrier Global (CARR) upgraded at Baird, here's why [read more]
- Electronic Arts (EA) downgraded to Neutral from Buy at Citi [read more]
- Baxter (BAX) and Staar Surgical (STAA) downgraded to Underweight as Morgan Stanley shook up MedTech ratings [read more]
3. AROUND THE WEB:
- The Federal Trade Commission is investigating DaVita (DVA) and Fresenius Medical Care (FMS) over allegations they illegally thwart smaller competitors, Politico says [read more]
- AT&T (T) paid a member of the ShinyHunters hacking group more than $370,000 to delete call records stolen from the company's Snowflake (SNOW) account, Wired reports [read more]
- Meta (META) said it intends to remove restrictions it placed on former President Donald Trump's Instagram and Facebook accounts, Axios says [read more]
- Apple's (AAPL) India revenue up 33% year-over-year to $8B, Bloomberg reports [read more]
- Boeing (BA) has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, Reuters says [read more]
4. MOVERS:
- Planet Labs (PL) higher after signing a seven-figure pilot contract with an international ministry of defense customer [read more]
- Zeta Global (ZETA) gains after Truist initiated coverage of the stock with a Buy rating [read more]
- SolarEdge (SEDG) lower in New York after sending a letter to its employees regarding its decision to reduce its workforce by 400 [read more]
- Celsius Holdings (CELH) falls after TD Cowen lowered its price target on the stock [read more]
- PennantPark (PNNT) declines after Compass Point downgraded the stock to Sell [read more]
5. EARNINGS/GUIDANCE:
- AutoNation (AN) provided guidance for Q2 [read more]
- BlackRock (BLK) reported Q2 results, with EPS beating consensus [read more]
- Revolution Medicines (RVMD) provided guidance for FY24 [read more]
- Guaranty Bancshares (GNTY) reported Q2 results, with EPS beating consensus [read more]
- Enhabit (EHAB) reported preliminary Q2 results, with CEO Barb Jacobsmeyer commenting, "The strong start to 2024 extended in Q2" [read more]
INDEXES:
Near midday, the Dow was up 339.06, or 0.85%, to 40,339.96, the Nasdaq was up 144.40, or 0.78%, to 18,542.84, and the S&P 500 was up 37.48, or 0.67%, to 5,652.83.
