Five top five lists with the news and calls moving stocks, powered by The Fly. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Expedia (EXPE) reported upbeat Q2 results and provided guidance for Q3 revenue and gross bookings growth [read more]
- Paramount (PARA) reported mixed Q2 results, adding that it is cutting its U.S. workforce by about 15% [read more]
- Take-Two (TTWO) reported downbeat Q1 net bookings [read more]
- Iteris (ITI) agreed to be acquired by Almaviva in a $335M all-cash transaction [read more]
- U.S. Senator Elizabeth Warren sent a letter to Tesla's (TSLA) board over CEO Elon Musk's "conflicts of interest" [read more]
2. WALL STREET CALLS:
- Daiwa upgraded PayPal (PYPL) with initiatives "quickly generating" results [read more]
- General Dynamics (GD) upgraded at Morgan Stanley in Defense Prime reshuffle [read more]
- Bread Financial (BFH) and Synchrony (SYF) upgraded to Buy at BofA as firm expects credit performance to improve [read more]
- Nerdy (NRDY) was downgraded after earnings by several firms that see "near-term hurdles" [read more]
- Array Technologies (ARRY) downgraded to Neutral at Roth MKM on risk for more pushouts [read more]
3. AROUND THE WEB:
- Netflix (NFLX) has reached a deal to have CBS Sports produce its Christmas NFL games, WSJ reports [read more]
- Cisco (CSCO) will cut thousands of jobs in another round of layoffs, Reuters reports [read more]
- Researchers say a bug in AMD's (AMD) chips would allow attackers to root into some of the most privileged portions of a computer, Wired reports [read more]
- JetBlue (JBLU) is in talks with banks to sell $1.5B of high-yield bonds that would yield roughly 9.5%-10%, Bloomberg says [read more]
- Amazon (AMZN) has struck a deal with TikTok to enable users of the platform to buy items from Amazon ads without leaving the social media app, The Information reports [read more]
4. MOVERS:
- Doximity (DOCS) increases after reporting Q1 results and providing guidance for Q2 and FY25 [read more]
- Blend Labs (BLND) gains after William Blair upgraded the stock to Outperform [read more]
- Evolent Health (EVH) and Sweetgreen (SG) higher after reporting quarterly results [read more]
- Mitek Systems (MITK) and PubMatic (PUBM) fall after reporting quarterly results [read more]
- Five9 (FIVN) lower after reporting quarterly results and announcing it will acquire Acqueon [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
The Dow rose 51.05, or 0.13%, to 39,497.54, the Nasdaq gained 85.28, or 0.51%, to 16,745.30, and the S&P 500 advanced 24.85, or 0.47%, to 5,344.16.
Symbols:
EXPE - $130.00 /
+11.88 (+10.06%)
PARA PARAA TTWO ITI TSLA PYPL GD BFH SYF NRDY ARRY NFLX CSCO AMD JBLU AMZN DOCS BLND EVH SG MITK PUBM - $14.08 /
-5.525 (-28.19%)
FIVN - $31.23 /
-11.27 (-26.52%)
U NKLA HOUR GETY SATS - $16.76 /
-3.345 (-16.64%)
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