Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Texas has opened an investigation into CenterPoint (CNP) over Hurricane Beryl conduct [read more]
- Meta (META) and Universal Music Group (UMGNF) have entered into an expanded global agreement [read more]
- KE Holdings (BEKE) reported upbeat Q2 results and increased its share repurchase program [read more]
- China Yuchai (CYD) reported year-over-year increases in Q2 earnings and revenue [read more]
- Starbucks (SBUX) is in settlement talks with Elliott Investment Management, according to Bloomberg [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Turkey restored access to Instagram (META) on Saturday after a nine-day block, Reuters reports [read more]
- Superiors at Bank of America (BAC) instruct junior bankers to ignore policies that limit working hours, WSJ says [read more]
- Pharmaceutical giants such as AbbVie (ABBV), AstraZeneca (AZN), and Merck (MRK) have shifted to smaller acquisition targets costing $5B or less, WSJ reports [read more]
- Tesla (TSLA) stopped taking orders for the cheapest model of its Cybertruck electric pickup, Fox Business says [read more]
- Cisco (CSCO) will cut thousands of jobs in a second round of layoffs this year, Reuters reports [read more]
4. MOVERS:
- Revance (RVNC) higher after entering a merger agreement with Crown Laboratories [read more]
- KeyCorp (KEY) gains after announcing Scotiabank (BNS) will acquire a 14.9% interest in the company for $2.8B [read more]
- Barrick Gold (GOLD) higher in New York after reporting quarterly results [read more]
- Endeavour Silver (EXK) falls after announcing failure at Guanacevi mill [read more]
- Humacyte (HUMA) lower after announcing the FDA will require more time to complete its review of ATEV BLA [read more]
5. EARNINGS/GUIDANCE:
- Atossa Therapeutics (ATOS) reported Q2 results, with EPS beating consensus [read more]
- Neuronetics (STIM) reported Q2 results and provided guidance for Q3 and FY24 [read more]
- Monday.com (MNDY) reported Q2 results and raised its guidance for FY24 [read more]
- Bitdeer (BTDR) reported Q2 results, with EPS and revenue missing consensus [read more]
- Fortrea Holdings (FTRE) announced Q2 results and provided guidance for FY24 [read more]
INDEXES:
Near midday, the Dow was down 34.45, or 0.087%, to 39,463.09, the Nasdaq was up 95.47, or 0.57%, to 16,840.77, and the S&P 500 was up 15.61, or 0.29%, to 5,359.77.
