Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
 

1. STOCK NEWS:

• JPMorgan (JPM) reported better-than-expected Q2 adjusted earnings per share, with the company saying it is "cautiously optimistic" about its pipeline [read more]
• Citi (C) reported upbeat Q2 earnings and revenue [read more]
• Wells Fargo (WFC) reported better-than-expected Q2 results and reiterated its FY24 net interest income outlook [read more]
• AT&T (T) disclosed a major hack of call data for most mobile users a month after Snowflake (SNOW) said that hackers had targeted its customers [read more]
• BNY Mellon (BK) reported better-than-expected Q2 earnings and revenue [read more]

2. WALL STREET CALLS:

• Tesla (TSLA) downgraded to Sell from Neutral at UBS [read more]
• Booking Holdings (BKNG) upgraded to Buy from Hold at Benchmark [read more]
• Citi upgraded Array Technologies (ARRY) to Buy from Neutral [read more]
• Piper Sandler downgraded Vita Coco (COCO) to Neutral on rising ocean freight costs [read more]
• BTIG initiated coverage of Carvana (CVNA) with a Buy rating [read more]

3. AROUND THE WEB:

• StubHub is pushing back its IPO until after Labor Day, WSJ reports [read more]
• Airbus (EADSY) is launching a cost reduction program amid output woes, Reuters reports [read more]
• U.S. Senate Commerce chair Maria Cantwell said she requested Boeing (BA) CEO Dave Calhoun's appearance before her committee, Reuters says [read more]
• Apple (AAPL) will sell under 500,000 Vision Pro units in 2024, Bloomberg says [read more]
• Bunge's (BG) $8B deal to acquire Viterra is facing risk of delays, Bloomberg reports [read more]

4. MOVERS:

• Archer Aviation (ACHR) higher after signing an MOU with Southwest Airlines (LUV) [read more]
• Array Technologies (ARRY) gains after Citi upgraded the stock to Buy [read more]
• Carvana (CVNA) advances after BTIG initiated coverage of the stock with a Buy rating [read more]
• Nano Nuclear Energy (NNE) falls after announcing a 900,000 share offering [read more]
• Arbor Realty (ABR) lower after Bloomberg reported it is being invested by the FBI and Justice Department [read more]

5. EARNINGS/GUIDANCE:

• Fastenal (FAST) reported Q2 results, with EPS and revenue in-line with consensus [read more]
• Unity Bancorp (UNTY) reported Q2 results, with CEO James Hughes commenting, "we are pleased to announce another strong quarter" [read more]
• Highway Holdings (HIHO) reported Q3 results, with EPS higher year-over-year [read more]
• Nurix Therapeutics (NRIX) reported downbeat Q2 results [read more]
• Ericsson (ERIC) reported Q2 results, with EPS and revenue lower year-over-year [read more]

INDEXES:

The Dow rose 247.15, or 0.62%, to 40,000.90, the Nasdaq gained 115.04, or 0.63%, to 18,398.45, and the S&P 500 advanced 30.81, or 0.55%, to 5,615.35.

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