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JPM, MS, AMZN...
7/14/2022 16:07pm
What You Missed On Wall Street On Thursday

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

1. STOCK NEWS:

  • JPMorgan (JPM) reported downbeat Q2 results and said it would "temporarily" suspend share buybacks [more]
  • Morgan Stanley (MS) also reported lower-than-expected Q2 results, with CFO Sharon Yeshaya saying the company's second half will be difficult to predict [more]
  • Amazon (AMZN) reported Prime members purchased over 300M items during Prime Day [more]
  • Meanwhile, Amazon has offered concessions to the EU over marketplace seller data and its Buy Box and Prime offerings [more]
  • Conagra Brands (CAG) reported upbeat Q4 earnings but downbeat Q4 revenue [more]

2. WALL STREET CALLS:

  • Twitter (TWTR) upgraded to Buy from Neutral at Rosenblatt [more]
  • Deutsche Bank upgrades Costco (COST) to Buy ahead of "meaningful share gains" [more]
  • AMD (AMD) upgraded to Outperform from Market Perform at BMO Capital [more]
  • F5 Networks (FFIV) downgraded to Neutral at JPMorgan and at Credit Suisse [more]
  • Dollar General (DG) downgraded to Neutral from Buy at Citi [more]

3. AROUND THE WEB:

  • Bonitas Research reported a short position in Alphatec (ATEC) [more]
  • Deutsche Bank (DB) faces delays in its core IT restructuring project, FT reports [more]
  • Shell (SHEL) weighs boosting shareholder returns, Reuters reports [more]
  • The DOJ is poised to file a lawsuit against Alphabet (GOOGL) in the coming weeks, Bloomberg says [more]
  • Toyota (TM) is reducing production at its San Antonio, Texas facility amid a heat wave, Reuters says [more]

4. MOVERS:

  • Green Brick (GRBK) higher after being named to join the S&P 600 [more]
  • Canoo (GOEV) rises after its platform was selected by the U.S. Army for analysis and demonstration [more]
  • Bellus Health (BLU) falls in New York after its 16.54M share offering priced at $9.25 per share [more]
  • Industrial Logistics Property Trust (ILPT) lower after cutting its quarterly distribution to 1c per share [more]
  • Vaalco Energy (EGY) declines after announcing it will acquire TransGlobe (TGA) in $307M stock-for-stock combination [more]

5. EARNINGS/GUIDANCE:

  • TSMC (TSM) reported better-than-expected Q2 earnings [more]
  • Ericsson (ERIC) reported a year-over-year increase in Q1 earnings and revenue [more]
  • Cintas (CTAS) reported upbeat Q4 results [more]
  • Theratechnologies (THTX) reported upbeat Q2 revenue [more]
  • Pacira (PCRX) reported lower-than-expected preliminary Q2 revenue [more]

INDEXES:

The Dow fell 142.62, or 0.46%, to 30,630.17, the Nasdaq gained 3.60, or 0.032%, to 11,251.19, and the S&P 500 declined 11.40, or 0.30%, to 3,790.38.

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