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:

• U.S. President Joe Biden announced a plan to release 50M barrels of oil from the Strategic Reserve [more]
• Zoom Video (ZM) slid despite "beat and raise" report for Q3 [more]
• Best Buy (BBY) also finished lower after its own "beat and raise" report for Q3 [more]
• Urban Outfitters (URBN) shares declined despite better than expected Q3 earnings and revenue [more]
• Apple (AAPL) has filed a lawsuit against NSO Group over the surveillance and targeting of Apple users [more]

2. WALL STREET CALLS:

• Micron (MU), Western Digital (WDC) upgraded to Buy at Mizuho [more]
• Zoom Video (ZM) downgraded to Neutral from Buy at BofA [more]
• Bumble (BMBL) upgraded to Outperform at Evercore ISI following 27% pullback [more]
• GXO Logistics (GXO) downgraded to Hold from Buy at Loop Capital [more]
• General Electric (GE) resumed with an Overweight at Morgan Stanley, started at Hold at Jefferies [more]

3. AROUND THE WEB:

• Tesla (TSLA) will start deliveries of the Model Y Performance in China "soon," CNEV Post reports [more]
• American Express (AXP) salespeople pitched a false tax break strategy, WSJ says [more]
• Kellogg (K) and its unionized workers have restarted contract negotiations, NY Post reports [more]
• Samsung (SSNLF) will pick Taylor, Texas for its new $17B chip factory, WSJ reports [more]
• A federal-court panel determined that Walmart (WMT), CVS (CVS), and Walgreens (WBA) will be held liable over their alleged involvement in the opioid crisis, Bloomberg reports [more]

4. MOVERS:

• Aptevo Therapeutics (APVO) jumps after announcing a clinical update for its APVO436 trial [more]
• Gracell Biotechnologies (GRCL) rises after its senior management team members announced a share purchase plan [more]
• Burlington Stores (BURL) higher after reporting quarterly results [more]
• Alpine 4 Holdings (ALPP) falls after pricing a $24M registered direct offering [more]
• Genius Sports (GENI) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

• Medtronic (MDT) reported upbeat Q2 earnings [more]
• XPeng (XPEV) reported better-than-expected Q3 revenue [more]
• Dick's Sporting (DKS) provided a "beat and raise" report for Q3 [more]
• Dollar Tree (DLTR) narrowed its FY21 earnings and revenue guidance [more]
• J.M. Smucker (SJM) raised its FY22 adjusted earnings and revenue guidance [more]

INDEXES:

The Dow rose 194.55, or 0.55%, to 35,813.80, the Nasdaq lost 79.62, or 0.50%, to 15,775.14, and the S&P 500 advanced 7.76, or 0.17%, to 4,690.70.