Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Disney (DIS) reported upbeat Q3 results and said it may need to pay an additional $5B for NBCUniversal's (CMCSA) Hulu stake [read more]
- Airbnb (ABNB) reported better-than-expected Q2 results and provided Q3 and FY24 guidance that had analysts mostly trimming their targets [read more]
- Amgen (AMGN) reported Q2 earnings and revenue and narrowed its FY24 earnings and revenue outlook [read more]
- CVS Health (CVS) reported mixed Q2 results and cut its FY24 earnings and revenue guidance [read more]
- Shopify (SHOP) reported upbeat Q2 results, with gross merchandise volume increasing 22% year-over-year [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Hyatt Hotels (H) is nearing the sale of the Hyatt Regency Orlando to a joint venture between Ares Management (ARE) and Rida Development, Bloomberg says [read more]
- Workers at the first unionized Apple (AAPL) store in the U.S. have ratified a labor contract, NY Times reports [read more]
- Boeing (BA) officials told regulators that it would make changes to how it designed and produced the type of panel that blew off an Alaska Airlines (ALK) jet, NY Times reports [read more]
- Roche (RHHBY) is considering divesting Flatiron Health, FT reports [read more]
- HP (HPQ) is looking to shift over half of its PC production out of China, Nikkei Asia says [read more]
4. MOVERS:
- G1 Therapeutics (GTHX) gains after entering a merger agreement to be acquired by Pharmacosmos Group for $7.15 per share [read more]
- PetIQ (PETQ) increases after entering a definitive agreement to be acquired by Bansk Group for $31 per share in cash [read more]
- Upstart (UPST) higher after reporting quarterly results [read more]
- Trex Company (TREX) and Janus (JBI) fall after reporting quarterly results [read more]
- Emergent BioSolutions (EBS) lower after reporting Q2 results and providing guidance for Q3 [read more]
5. EARNINGS/GUIDANCE:
- Lyft (LYFT) reported Q2 results and provided guidance for Q3 and FY24 [read more]
- Rivian Automotive (RIVN) reported Q2 results, with EPS missing consensus [read more]
- TripAdvisor (TRIP) reported Q2 results, with CEO Matt Goldberg commenting, "Our second quarter consolidated financial results were in line with our expectations" [read more]
- Supermicro (SMCI) reported Q4 results, with CEO Charles Liang commenting, "We are well positioned to become the largest IT infrastructure company" [read more]
- Reddit (RDDT) reported Q2 results, with EPS higher year-over-year [read more]
INDEXES:
Near midday, the Dow was up 263.76, or 0.68%, to 39,261.42, the Nasdaq was up 191.48, or 1.17%, to 16,558.34, and the S&P 500 was up 53.67, or 1.02%, to 5,293.70.
