Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 

1. STOCK NEWS: 

• Bank of America (BAC) reported upbeat Q2 results, with CEO saying the company "delivered solid earnings" [more]
• Delta Air Lines (DAL) reported better than expected quarterly results as domestic leisure travel recovers to 2019 levels [more]
  
• Citi (C) reported quarterly results and reaffirmed its FY21 revenue guidance [more]
  
• Wells Fargo (WFC) also reported better than expected Q2 earnings and revenue [more]
  
• In non-earnings news, EQT Infrastrucutre agreed to acquire Covanta (CVA) for $20.25 per share [more]
  

2. WALL STREET CALLS: 

• Peloton (PTON) downgraded to Neutral at Wedbush on slowing engagement [more]
• PepsiCo (PEP) downgraded to Neutral from Outperform at Credit Suisse [more]
  
• JPMorgan upgrades Nokia (NOK), sees "more room to run" for mobile turnaround [more]
  
• Wolfe upgrades Juniper (JNPR) to Outperform on improving trajectory across verticals [more]
  
• Goldman Sachs initiated Lululemon (LULU) with a Conviction Buy, starts Gap (GPS) at Neutral, VF Corp. (VFC) with a Sell [more]
  

3. AROUND THE WEB: 

• Broadcom (AVGO) is no longer in talks to acquire SAS Institute, WSJ says [more]
• Apple (AAPL) is seeking an up to 20% increase in next-gen iPhone production, Bloomberg reports [more]
  
• Spruce Point put a "Strong Sell" on shares of Oatly Group (OTLY) in a short report [more]
  
• Americana Partners has made a $25 per share bid for Westwood Holdings (WHG), Reuters says [more]
  
• Slam Corp. (SLAM), a special purpose acquisition company, is in merger talks with Panini Groupo, Bloomberg reports [more]
  

4. MOVERS: 

• Jefferies Financial Group (JEF) gains after announcing a strategic alliance with Sumitomo Mitsui Financial Group (SMFG) and SMBC Nikko Securities to collaborate on future corporate and investment banking business opportunities [more]
• Peabody Energy (BTU) rises after B. Riley analyst Lucas Pipes raised the firm’s price target on the stock to $7 from $4 [more]
  
• Asensus Surgical (ASXC) higher after filing a 510(k) submission with the FDA for an expansion of capabilities on the previously cleared Intelligent Surgical Unit [more]
  
• Glaukos (GKOS) lower after William Blair and Oppenheimer downgraded the stock after the Centers for Medicare and Medicaid Services cut the preliminary physician reimbursement rate for iStent [more]
  
• PBF Energy (PBF) falls after Wolfe Research analyst Sam Margolin downgraded the stock to Underperform from Peer Perform [more]

5. EARNINGS/GUIDANCE: 

• PNC Financial (PNC) reported upbeat Q2 earnings and revenue [more]
• BlackRock (BLK) reported better than expected Q2 results [more]
  
• Aspen Group (ASPU) reported Q4 results and provided FY22 guidance [more]
  
• American Air (AAL) raised its Q2 revenue view [more]
  
• L Brands (LB) raised its Q2 earnings guidance [more]
  

INDEXES: 

Near midday, the Dow was down 21.66, or 0.06%, to 34,867.13, the Nasdaq was down 31.76, or 0.22%, to 14,645.90, and the S&P 500 was down 2.78, or 0.06%, to 4,366.43.