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

1. STOCK NEWS:

• Adobe (ADBE) reported upbeat Q2 results but provided below-consensus Q3 and FY22 guidance [more]
• The FDA has authorized Moderna's (MRNA) and Pfizer's (PFE) COVID-19 vaccines for kids six months of age or older [more]
• Bausch Health (BHC) suspended plans for an IPO of Solta Medical [more]
• WWE (WWE) CEO Vince McMahon has stepped back amid an investigation into alleged misconduct [more]
• Indian conglomerate Reliance is considering buying out Revlon (REV), Reuters reports [more]

2. WALL STREET CALLS:

• Baird upgraded American Express (AXP), Capital One Financial (COF), M&T Bank (MTB) and Fifth Third Bancorp (FITB), all to Outperform from Neutral [more]
• Dow Inc. (DOW) downgraded to Neutral from Buy at Citi [more]
• Roblox (RBLX) downgraded to Hold from Buy at Truist [more]
• Utz Brands (UTZ) upgraded to Buy from Neutral at Goldman Sachs [more]
• BofA double downgrades Owens Corning (OC) to Underperform on new home demand drop [more]

3. AROUND THE WEB:

• Snap (SNAP) told The Verge it is testing a paid subscription called Snapchat Plus [more]
• China's central bank has accepted Ant Group's (BABA) financial holding application, Reuters says [more]
• BNP Paribas (BNPQY) has expressed interest in a possible purchase of ABN Amro (AAVMY), Bloomberg reports [more]
• Brookfield (BAM), KKR (KKR) groups among bidders for Deutsche Telekom (DTEGY) towers, Bloomberg says [more]
• Head of North American business replaced at Starbucks (SBUX), WSJ reports [more]

4. MOVERS:

• Seagen (SGEN) jumped after the WSJ reported Merck (MRK) and other suitors are interesting in potentially acquiring the company [more]
• Crispr Therapeutics (CRSP) higher after BMO Capital started coverage of the stock with an Outperform rating and $98 price target [more]
• ChargePoint (CHPT) gains after B. Riley initiated coverage of the stock with a Buy rating and $20 price target [more]
• Rocket Companies (RKT) dipped after Wells Fargo lowered the firm's price target on the stock to $6.50 from $8.00 [more]
• Several Oil & Gas names declined amid a pullback in WTI crude prices, including Northern Oil and Gas (NOG), W&T Offshore (WTI), Vertex Energy (VTNR), Ring Energy (REI) and PDC Energy (PDCE) [more]

5. EARNINGS/GUIDANCE:

• Centene (CNC) raised its FY22 adjusted earnings guidance [more]
• U.S. Steel (X) provided upbeat Q2 earnings guidance [more]
• Performance Food Group (PFGC) increased its FY22 adjusted EBITDA outlook [more]
• Allego (ALLG) reported upbeat Q1 revenue [more]
• Dream Finders Homes (DFH) maintained its home closings outlook for 2022 [more]

INDEXES:

The Dow fell 38.29, or 0.13%, to 29,888.78, the Nasdaq gained 152.25, or 1.43%, to 10,798.35, and the S&P 500 advanced 8.07, or 0.22%, to 3,674.84.