Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Palantir (PLTR) provided a "beat and raise" report for Q2 [read more]
- Uber (UBER) reported better-than-expected Q2 earnings and revenue [read more]
- Caterpillar (CAT) reported upbeat Q2 results but said it expects FY24 revenue to be "slightly lower" than FY23 [read more]
- CSX (CSX) reported reported better-than-expected Q2 earnings [read more]
- Netflix (NFLX) is lowering prices for advertising, Adweek reports [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- WPP (WPP) is close to an agreement to sell its controlling stake in FGS Global to KKR (KKR) for about $800M, FT reports [read more]
- Tesla (TSLA) plans to recall 1.68M vehicles in China due to safety concerns in the front trunk latch system, CCTV says [read more]
- Management at Warner Bros. Discovery (WBD) wants to avoid breaking up the company, FT says [read more]
- Unionized workers at Samsung Electronics (SSNLF) in South Korea have returned to work after failing to win concessions from the global tech giant, NY Times reports [read more]
- Elliott Management told investors in a letter that Nvidia (NVDA) is in a "bubble" and the AI technology driving the giant's share price is "overhyped," FT reports [read more]
4. MOVERS:
- Yum China (YUMC) gains in New York after Macquarie double upgraded the stock to Outperform [read more]
- TG Therapeutics (TGTX) increases after reporting quarterly results [read more]
- Lumen (LUMN) higher after Citi upgraded the stock to Neutral [read more]
- Jumia Technologies (JMIA) falls in New York after reporting Q2 results and announcing plans to reduce cash utilization [read more]
- AdaptHealth (AHCO) lower after reporting Q2 results and providing guidance for FY24 [read more]
5. EARNINGS/GUIDANCE:
- Avis Budget (CAR) reported Q2 results, with EPS and revenue missing consensus [read more]
- Hims & Hers (HIMS) reported Q2 results and raised its guidance for FY24 [read more]
- Yum! Brands (YUM) reported Q2 results and provided guidance for FY24 [read more]
- Celsius (CELH) reported what its CEO called the company's "best Q2 financial results ever" [read more]
- Kenvue (KVUE) reported Q2 results and backed its FY24 guidance [read more]
INDEXES:
Near midday, the Dow was up 415.84, or 1.07%, to 39,119.11, the Nasdaq was up 267.36, or 1.65%, to 16,467.44, and the S&P 500 was up 84.52, or 1.63%, to 5,270.85.
