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

1. STOCK NEWS: 

• Pinterest (PINS) reported what Piper Sandler analyst Thomas Champion called "weak" guidance for Q3, but he said this was overshadowed by Elliott Management's statement noting the strategic relevance of the asset and a large ownership stake [more]
• Caterpillar (CAT) reported mixed Q2 results and said it expects Q3 sales to increase [more]
  
• Uber (UBER) reported better-than-expected Q2 revenue and gross bookings that grew 33% year-over-year [more]
  
• TD Bank (TD) agreed to acquire Cowen (COWN) in a cash transaction valued at $1.3B [more]
  
• Activision Blizzard (ATVI) reported Q2 net bookings that exceeded consensus estimates, but were down year-over-year [more]
  

2. WALL STREET CALLS: 

• Snowflake (SNOW) downgraded to Neutral from Buy at BTIG [more]
• Pinterest (PINS) upgraded to Positive at Susquehanna on new CEO and activist [more]
  
• Berenberg downgraded Teladoc Health (TDOC) to Hold while Cowen cut its rating on the shares to Market Perform [more]
  
• Deutsche Bank downgrades Cracker Barrel (CBRL) with older diners staying away [more]
  
• Citi downgraded Kodiak Sciences (KOD) to Sell and opened a "negative catalyst watch" ahead of topline data for the Phase 3 study of KSI-301 in retinal vein occlusion [more]
  

3. AROUND THE WEB: 

• IBM's (IBM) board is investigating a lawsuit's claims of manipulated sales, The Register reports [more]
• OPEC+ sees a slightly smaller oil market surplus in 2022, Reuters reports [more]
  
• Pershing Square's Bill Ackman told CNBC that Visa (V) should pay a "very large" amount in the Pornhub case [more]
  
• Netflix (NFLX), Disney (DIS), and Hulu have been sued by 25 cities in Texas over unpaid fees, NY Post reports [more]
  
• Instagram (META) chief Adam Mosseri plans to build out the platform's London presence, FT reports [more]
  

4. MOVERS: 

• Cazoo Group (CZOO) soars in New York after announcing quarterly results [more]
• Berkshire Grey (BGRY) higher after expanding its robotic automation solutions relationship with FedEx (FDX) [more]
  
• Innoviz Technologies (INVZ) advances after announcing a recent design win with CARDIAD SE [more]
  
• Oatly Group (OTLY) falls in New York after reporting quarterly results and lowering FY22 revenue guidance [more]
  
• Tellurian (TELL) declines after Evercore ISI downgraded the stock to In Line with a price target of $4.50, down from $7.50 [more]
  

5. EARNINGS/GUIDANCE: 

• Marriott (MAR) reported upbeat Q2 results [more]
• Arista Networks (ANET) reported better-than-expected quarterly results [more]
  
• Molson Coors (TAP) reported downbeat Q2 revenue [more]
  
• Henry Schein (HSIC) reported lower-than-expected Q2 revenue and reiterated its FY22 outlook [more]
  
• IPG Photonics (IPGP) reported mixed Q2 results [more]
  

INDEXES: 

Near midday, the Dow was down 107.12, or 0.33%, to 32,691.28, the Nasdaq was up 54.62, or 0.44%, to 12,423.59, and the S&P 500 was up 4.39, or 0.11%, to 4,123.02.