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: 

• Intel (INTC) reported better-than-expected Q2 results but analysts concerned by guidance [more]
• Twitter (TWTR) reported upbeat Q2 earnings and revenue [more]
  
• Snap (SNAP) reported a surprise profit for Q2 as revenue grew 116% year-over-year [more]
  
• Magna (MGA) will acquire Veoneer (VNE) for $31.25 per share in a $3.8B deal [more]
  
• General Motors (GM) announced a recall of 69,000 Chevy Bolt electric vehicles over a potential fire risk [more]
  

2. WALL STREET CALLS: 

• Baird upgrades Starbucks (SBUX) to Outperform with $142 price target [more]
• Monster Beverage (MNST) upgraded to Buy from Neutral at Citi [more]
  
• Domino's Pizza (DPZ) downgraded to Neutral from Overweight at JPMorgan [more]
  
• Boston Beer (SAM) downgraded to Neutral from Buy at Goldman Sachs [more]
  
• Alphabet (GOOGL) price target raised to $3,350, Facebook (FB) price target raised to $480 at Credit Suisse [more]
  

3. AROUND THE WEB: 

• Tesla (TSLA) has put a hold on delivering a new Model S, Electrek reports [more]
• Carlyle Group (CG) seeks to raise up to $27B for a new fund, Bloomberg reports [more]
  
• P.F. Chang's (PFCB) is in early talks with advisors about an IPO, Bloomberg says [more]
  
• BlackRock (BLK) and Canaccord (CCORF) are in advanced talks to buy Bridging, Bloomberg reports [more]
  
• Vodafone (VOD) CEO Nick Read teaased a spinoff of M-Pesa, according to Bloomberg [more]
  

4. MOVERS: 

• Alzamend Neuro (ALZN) rises after announcing it received ‘positive’ toxicology results for AL002 in a good laboratory practices study [more]
• Trade Desk (TTD) higher after Stephens upgraded the stock to Overweight from Equal Weight with an $85 price target [more]
  
• Moderna (MRNA) increases after the European Medicines Agency's Committee for Medicinal Products for Human Use recommended market authorization for its COVID-19 vaccine to include adolescents 12 years and older [more]
  
• Gaotu Techedu (GOTU), New Oriental Education & Technology (EDU), TAL Education Group (TAL), and 17 Education & Technology Group (YQ) drop in New York trading after Bloomberg reported China may require tutoring companies to go non-profit [more]
  
• Adverum Biotechnologies (ADVM) falls after announcing it no longer has plans for the future development of ADVM-022 for diabetic macular edema [more]
  

5. EARNINGS/GUIDANCE: 

• Boston Beer (SAM) reported downbeat Q2 results and cut guidance [more]
• Honeywell (HON) provided a "beat and raise" report for Q2 [more]
  
• Kimberly-Clark (KMB) lowered its FY21 adjusted earnings guidance [more]
  
• American Express (AXP) reported upbeat Q2 results [more]
  
• NextEra Energy (NEE) provided earnings guidance for FY21 and FY22 [more]
  

INDEXES: 

Near midday, the Dow was up 207.23, or 0.60%, to 35,030.58, the Nasdaq was up 113.36, or 0.77%, to 14,797.95, and the S&P 500 was up 35.83, or 0.82%, to 4,403.31.