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AAPL, AMZN, INTC...
7/29/2022 12:07pm
What You Missed On Wall Street This Morning

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


1. STOCK NEWS: 

  • Apple (AAPL) reported upbeat Q3 earnings and revenue, adding that the response to the iPhone 13 "continues to be strong" [more]
  • Amazon (AMZN) reported mixed Q2 results but provided upbeat Q3 revenue guidance [more]
  • Intel (INTC) reported downbeat Q2 results and slashed its FY22 earnings and revenue guidance [more]
  • Exxon Mobil (XOM) reported mixed Q2 results while Chevron (CVX) beat on the top and bottom lines [more]
  • Procter & Gamble (PG) reported mixed Q4 results [more]


2. WALL STREET CALLS: 

  • Baird downgraded Intel (INTC) to Neutral while Susquehanna lowered its rating on the shares to Negative [more]
  • JPMorgan downgraded Comcast (CMCSA) to Neutral while Macquarie cut its rating on Comcast to Underperform [more]
  • Oppenheimer upgraded First Solar (FSLR) to Outperform from Perform [more]
  • Baird upgraded Northrop Grumman (NOC) to Outperform from Neutral [more]
  • JPMorgan double downgraded Spirit Airlines (SAVE) to Underweight from Overweight [more]


3. AROUND THE WEB: 

  • The Air Force has grounded its F-35 (LMT) fleet on ejection seat concerns, Breaking Defense reports [more]
  • Under Armour (UAA) pays $67.5M to settle UCLA lawsuit, LA Times says [more]
  • Meta's (META) Instagram will roll back some recent changes, Platformer reports [more]
  • Netflix (NFLX) agrees to a deal over an immersive NYC-based "Squid Game" experience, THR says [more]
  • Instacart is aiming to go public via an IPO this year, WSJ reports [more]


4. MOVERS: 

  • First Solar (FSLR) rises after reported upbeat Q2 results [more]
  • Five9 (FIVN) jumps after providing a "beat and raise" report for Q2 [more]
  • Sarepta (SRPT) higher after saying it intends to submit a Biologics License Application seeking accelerated approval for SRP-9001 to treat ambulant individuals with Duchenne muscular dystrophy [more]
  • Holley (HLLY) lower after cutting its FY22 revenue guidance [more]
  • Edwards Lifesciences (EW) lower after reporting quarterly results [more]


5. EARNINGS/GUIDANCE: 

  • Colgate-Palmolive (CL) provided a "beat and raise" report for Q2 [more]
  • Roku (ROKU) reported downbeat Q2 results and provided worse-than-expected Q3 revenue guidance [more]
  • AbbVie (ABBV) reported mixed Q2 results [more]
  • DexCom (DXCM) reported downbeat Q2 results [more]
  • Newell Brands (NWL) cut its FY22 earnings and revenue guidance [more]


INDEXES: 

Near midday, the Dow was up 107.09, or 0.33%, to 32,636.72, the Nasdaq was up 124.93, or 1.03%, to 12,287.52, and the S&P 500 was up 32.09, or 0.79%, to 4,104.52.

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