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LYV, TD, TSLA...
7/5/2022 16:07pm
What You Missed On Wall Street On Tuesday

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

1. STOCK NEWS:

  • Tesla (TSLA) reported Q2 deliveries over the weekend, with the company saying that June is its highest production month [more]
  • Hecla Mining (HL) agreed to acquire Alexco Resource (AXU) for 47c per share [more]
  • Ford (F) reported June U.S. sales rose 31.5% [more]
  • New Fortress Energy (NFE) and Apollo (APO) are forming a new joint venture in a $2B transaction [more]
  • EU regulators have adopted new rules to monitor tech giants [more]

2. WALL STREET CALLS:

  • HP Inc. (HPQ) downgraded to In Line at Evercore on fears of "more severe" PC headwinds [more]
  • Antero Resources (AR) upgraded to Buy from Hold at Truist [more]
  • Monster Beverage (MNST) initiated with a Neutral at Roth Capital [more]
  • Needham starts "uniquely positioned" Symbotic (SYM) with Buy rating while Raymond James initiates Symbotic at Outperform [more]
  • Macquarie upgraded Live Nation (LYV) to Outperform from Neutral [more]

3. AROUND THE WEB:

  • Tesla (TSLA) plans to halt China and Berlin factory production this month, Bloomberg reports [more]
  • Toronto-Dominion (TD) is looking into a takeover of Cowen (COWN), Bloomberg reported Friday [more]
  • A group backed by KKR (KKR) is leading the bidding to acquire a stake in Deutsche Telekom's (DTEGY) wireless tower portfolio, Bloomberg reports [more]
  • The U.S. wants ASML (ASML) to stop selling chipmaking gear to China, Bloomberg says [more]
  • Apollo (APO) and Blackstone (BX) are seeking buyers for Ridgeback Resources, Reuters reports [more]

4. MOVERS:

  • Novavax (NVAX) gained after the European Commission has approved the expanded conditional marketing authorization of Nuvaxovid COVID-19 vaccine in the EU for adolescents aged 12-17 [more]
  • DraftKings (DKNG) rose after Bragg Gaming (BRAG) announced Spin Games has gone live in Connecticut [more]
  • 1Life Healthcare (ONEM) jumped after Bloomberg reported the company is weighing options after drawing takeover interest [more]
  • Aegon (AEG) declined in New York after Exane BNP Paribas downgraded the stock to Underperform from Neutral with a EUR 4.70 price target [more]
  • Stellantis (STLA) fell in New York after Reuters reported a semiconductor supply shortage could cost the company up to 220,000 vehicles this year in terms of lost output in Italy [more]

5. EARNINGS/GUIDANCE:

  • Newtek Business Services (NEWT) reaffirmed its H1 adjusted NII guidance [more]
  • Usio (USIO) reiterated its FY22 revenue growth guidance [more]
  • Greenwave Technology (GWAV) reported a year-over-year increase in Q2 revenue [more]
  • Bridgeline Digital (BLIN) reported 23 license sales totaling $690,000 in Q3 [more]
  • Companies reporting earnings later this week include Levi Strauss (LEVI) and WD-40 (WDFC) [more]

INDEXES:

The Dow fell 129.44, or 0.42%, to 30,967.82, the Nasdaq gained 194.39, or 1.75%, to 11,322.24, and the S&P 500 advanced 6.09, or 0.16%, to 3,831.42.

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