Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Moderna (MRNA) expects sales of between $2.5B-$3.5B next year and forecast that new product launches would drive an average annual growth rate of 25% in revenue between 2026 and 2028
- Norfolk Southern's (NSC) board of directors terminated CEO Alan Shaw for cause in connection with allegedly engaging in a consensual relationship with the company's Chief Legal Officer and named CFO Mark George as his replacement
- Kroger (KR) reported Q2 results that Evercore ISI described as "solid" overall
- Dow Inc. (DOW) cautioned on its Q3 revenue and operating EBITDA outlook, citing a "significant unplanned event" at one of its ethylene crackers in Texas as well as higher input costs and margin compression in Europe
- General Motors (GM) and Hyundai Motor (HYMTF) announced an agreement to explore future collaboration across key strategic areas, while EVgo (EVGO) and GM also announced that they are "expanding upon their work together and taking charging to the next level"
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Infineon (IFNNY) has developed the world's first 300mm power gallium nitride wafer technology, DigiTimes says
- Meta (META) has admitted to scaping every Australian adult Facebook and Instagram user's public data to train AI, with no opt-out, The ABC says
- Goldman Sachs (GS) is set to earn $92M from its work advising Kellanova (K) on its $36B sale to Mars, FT reports
- Half the workforce at a Samsung (SSNLF) plant that makes appliances in Chennai are on strike, FT reports
- Nokia (NOK) seeking to replace CEO amid struggles with stagnating sales, FT says
4. MOVERS:
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was down 44.83, or 0.11%, to 40,816.88, the Nasdaq was up 42.79, or 0.25%, to 17,438.32, and the S&P 500 was up 3.14, or 0.06%, to 5,557.27.
