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

1. STOCK NEWS: 

• Wendy's (WEN) largest shareholder, Trian Fund Management, disclosed that it intends to explore and evaluate a potential transaction that could result in control of the company [more]
• Nordstrom (JWN) Q1 losses beat consensus forecasts on stronger sales and the company bucked the recent trend in retail by raising its fiscal year outlook [more]
  
• Dick's Sporting Goods (DKS) also reported better-than-expected Q1 sales and earnings, but cut its FY22 adjusted EPS and same-store sales growth view [more]
  
• Starbucks (SBUX) agreed to sell the brand and business of Evolution Fresh to Bolthouse Farms for an undisclosed amount [more]
  
• Covetrus (CVET) agreed to be acquired by private equity buyers for $21 per share in cash [more]
  

2. WALL STREET CALLS: 

• 2U (TWOU) downgraded to Underweight from Neutral at Piper Sandler [more]
• Citi cuts Best Buy (BBY) target to Street-low $65, says "not built for a recession" [more]
  
• Oppenheimer upgraded CME Group (CME) to Outperform [more]
  
• Tudor Pickering downgraded Fisker (FSR) to Hold [more]
  
• Mizuho upgraded Sabra Health Care (SBRA) to Buy [more]
  

3. AROUND THE WEB: 

• Development of Apple's new iPhones behind schedule, Nikkei says [more]
• Kohl's (KSS) bidders to cut offers, may still bid up to $62 per share, Reuters says [more]
  
• Nike (NKE) not renewing franchise deal, will leave Russia, Vedomosti says [more]
  
• Stellantis (STLA) unit FCA reaches plea deal in emissions probe, Reuters reports [more]
  
• Volkswagen (VWAGY) settles U.K. emissions class action for $242M, Bloomberg says [more]
  

4. MOVERS: 

• Teva (TEVA) higher after reaching agreement with West Virginia to settle opioid-related claims [more]
• Urban Outfitters (URBN) higher after reporting quarterly results [more]
  
• InterDigital (IDCC) falls after announcing offering of $350M senior convertible notes [more]
  
• Lyft (LYFT) lower after the WSJ reported the company intends to slow hiring, cut department budgets, and grant new stock options for employees [more]
  
• Star Bulk Carriers (SBLK) declines in New York after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Here's what Wall Street experts are saying about Nvidia (NVDA) ahead of earnings [more]
• Toll Brothers (TOL) CEO "very pleased" with Q2 performance [more]
  
• Intuit (INTU) delivered what Piper Sandler analyst Arvind Ramnani called "robust upside" to fiscal Q3 expectations and raised full year targets [more]
  
• Dycom (DY) reported better-than-expected Q1 results [more]
  
• Express (EXPR) reported Q1 results that CEO Tim Baxter said "exceeded our expectations" [more]
  

INDEXES: 

Near midday, the Dow was down 68.60, or 0.21%, to 31,860.02, the Nasdaq was up 49.54, or 0.44%, to 11,313.99, and the S&P 500 was up 3.15, or 0.08%, to 3,944.63.