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: 

• Nike (NKE) reported upbeat Q1 results [more]
• Costco (COST) also reported upbeat quarterly results [more]
  
• China's central bank has reportedly deemed all cryptocurrency transactions illegal, pushing Bitcoin prices down [more]
  
• Carnival (CCL) guided for Q3 adjusted net losses of ($2B) [more]
  
• McDonald's (MCD) raised its quarterly dividend and resumed share repurchases [more]
  

2. WALL STREET CALLS: 

• Street Fight: Wells Fargo cuts Roku (ROKU) to Equal Weight day after Guggenheim upgrades to Buy [more]
• Salesforce (CRM) upgraded to Overweight from Neutral at Piper Sandler [more]
  
• Oppenheimer downgrades Cloudflare (NET) amid competition from Amazon (AMZN), Microsoft (MSFT) [more]
  
• Jefferies upgrades five casual dining stocks following selloff in the space [more]
  
• JPMorgan cuts Micron (MU) target to $100 from $140 on DRAM pricing softness [more]
  

3. AROUND THE WEB: 

• China is unlikely to approve Baidu's (BIDU) acquisition off Joyy's (YY) YY Live, Reuters reports [more]
• IAC (IAC) is in talks to acquire Meredith (MDP) in a deal valued at over $2.5B, WSJ reports [more]
  
• Tesla's (TSLA) Elon Musk sees the chip shortage as a "short-term" issue, CNBC reports [more]
  
• AMD (AMD) is rumored to be in talks to form a joint venture with MediaTek, DigiTimes says [more]
  
• Alibaba (BABA) will sell its stake in Mango Excellent Media due to pressures from Beijing, WSJ says [more]
  

4. MAJOR MOVERS: 

• vTv Therapeutics (VTVT) jumps after announcing results of a multiple ascending dose study evaluating HPP737, an orally administered phosphodiesterase type 4 inhibitor, in healthy adults [more]
• Aehr Test Systems (AEHR) higher after reporting quarterly results [more]
  
• Helbiz (HLBZ) drops after filing to sell 11M shares of common stock [more]
  
• Altice USA (ATUS) continues to slide as JPMorgan analyst Philip Cusick cut the firm's price target to $30 from $40 [more]
  
• InMed Pharmaceuticals (INM) lower after reporting 2021 results [more]
  

5. EARNINGS/GUIDANCE: 

• CalAmp (CAMP) reported upbeat Q2 adjusted earnings [more]
• Progress Software (PRGS) provided a "beat and raise" report for Q3 [more]
  
• Trip.com (TCOM) reported upbeat Q2 results [more]
  
• HNI Corporation (HNI) lowered its Q3 revenue growth view [more]
  
• Applied Genetic (AGTC) reported upbeat Q4 earnings [more]
  

INDEXES: 

Near midday, the Dow was up 5.11, or 0.01%, to 34,769.93, the Nasdaq was down 23.50, or 0.16%, to 15,028.74, and the S&P 500 was up 2.47, or 0.06%, to 4,451.45.