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SAFE, STAR, DIS...
8/11/2022 16:08pm
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:

  • Disney (DIS) reported upbeat Q3 results and announced streaming price increases along with its news that an ad-supported Disney+ tier will launch in the U.S. on December 8 [more]
  • Safehold (SAFE) and iStar (STAR) entered into a strategic collaboration [more]
  • Sonos (SONO) reported mixed Q3 results, cut its FY22 outlook, and named Brittany Bagley as its new CFO [more]
  • AppLovin (APP) reported lower-than-expected Q2 results [more]
  • Bumble (BMBL) reported upbeat Q2 revenue but lowered its FY22 revenue guidance [more]

2. WALL STREET CALLS:

  • Deere (DE) upgraded to Outperform from In Line at Evercore ISI [more]
  • First Solar (FSLR) upgraded to Overweight from Sector Weight at KeyBanc [more]
  • Lowe's (LOW) downgraded to Neutral from Buy at Citi [more]
  • Disney (DIS) upgraded to Buy from Neutral at Guggenheim [more]
  • Atlantic upgrades "market leader" in innovation Shopify (SHOP) to Overweight [more]

3. AROUND THE WEB:

  • McDonald's (MCD) will reopen stores in Ukraine, AP reports [more]
  • Credit Suisse (CS) is asking to initiate legal proceedings against SoftBank (SFTBY), FT reports [more]
  • Snap (SNAP) employees are bracing for layoffs after a Q&A, Insider says [more]
  • A U.S. judge has ruled that Robinhood (HOOD) must face U.S. market manipulation claims, Reuters reports [more]
  • Repligen (RGEN) has turned down a takeover bid from Catalent (CTLT), Street Insider says [more]

4. MOVERS:

  • Matterport (MTTR) higher after reporting quarterly results and providing FY22 revenue guidance [more]
  • New York Times (NYT) gains after ValueAct disclosed a 6.7% stake in the company [more]
  • Sanofi (SNY) and GSK (GSK) fall amid Zantac litigation worries [more]
  • Cerevel Therapeutics (CERE) declines after announcing $250M convertible senior notes offering [more]
  • Six Flags (SIX) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

  • Vacassa (VCSA) provided a "beat and raise" report for Q2 [more]
  • Warby Parker (WRBY) reported upbeat Q2 results but cut its FY22 revenue guidance [more]
  • Marqeta (MQ) reported upbeat Q2 earnings and revenue [more]
  • Circor (CIR) reported lower-than-expected Q1 results [more]
  • Mogo (MOGO) reported a year-over-year decline in Q2 earnings [more]

INDEXES:

The Dow rose 27.16, or 0.082%, to 33,336.67, the Nasdaq lost 74.89, or 0.58%, to 12,779.91, and the S&P 500 declined 2.97, or 0.071%, to 4,207.27.

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