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

1. STOCK NEWS: 

• Rivian Automotive (RIVN) reported mixed Q2 results and cut its FY22 adjusted EBITDA guidance [more]
• Illumina (ILMN) reported downbeat Q2 results and lowered FY22 earnings and revenue guidance [more]
  
• Johnson & Johnson (JNJ) said it will discontinue its talc-based baby powder in 2023 [more]
  
• Toast (TOST) provided a "beat and raise" report for Q2 [more]
  
• CS Disco (LAW) reported upbeat Q2 results but lowered its FY22 revenue outlook [more]
  

2. WALL STREET CALLS: 

• e.l.f. Beauty (ELF) downgraded to Market Perform at Cowen on valuation [more]
• Guggenheim initiated Salesforce (CRM), Snowflake (SNOW), Okta (OKTA) and Workday (WDAY) with Sell ratings [more]
  
• Morgan Stanley upgraded Ciena (CIEN) to Overweight and downgraded II-VI (IIVI) to Equal Weight [more]
  
• Deutsche Bank raises Sanofi (SNY) to Hold, calls Zantac "knee-jerk" reaction overdone [more]
  
• Six Flags (SIX) downgraded to Sector Weight at KeyBanc after "indefensible" Q2 [more]
  

3. AROUND THE WEB: 

• China Life Insurance (LFC), PetroChina (PTR), China Petroleum & Chemical (SNP), Aluminum Corp of China (ACH), and Sinopec Shanghai Petrochemical (SHI) will delist from U.S. exchanges, Bloomberg reports [more]
• Regulators raised doubts about Cheniere's (LNG) turbines years ago, Reuters reports [more]
  
• Activist Jonathan Litt is pushing for a sale of Aimco (AIV), Bloomberg says [more]
  
• HSBC (HSBC) overstated the risks of a potential spinoff of its Asia business, Reuters says [more]
  
• Two children died from acute liver failure after use of Novartis' (NVS) Zolgensma, STAT reports [more]
  

4. MOVERS: 

• Lexicon (LXRX) higher after Piper Sandler initiated coverage of the stock with an Overweight rating [more]
• LegalZoom (LZ) rises after reporting quarterly results [more]
  
• Payoneer Global (PAYO) gains after reporting quarterly results and raising its FY22 revenue view [more]
  
• Certara (CERT) declines after announcing a 7M share offering priced at $17.75 [more]
  
• SmartRent (SMRT) and Markforged (MKFG) lower after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Olo (OLO) reported mixed Q2 results and cut its FY22 revenue guidance [more]
• Broadridge (BR) reported upbeat Q2 results and increased its annual dividend [more]
  
• Spectrum Brands (SPB) reported downbeat Q3 results and announced it eliminated 17% of global salaried positions during the quarter [more]
  
• Honest Company (HNST) reported mixed Q2 results [more]
  
• Venus Concept (VERO) reported downbeat Q2 results [more]
  

INDEXES: 

Near midday, the Dow was up 205.03, or 0.62%, to 33,541.70, the Nasdaq was up 141.12, or 1.10%, to 12,921.03, and the S&P 500 was up 35.37, or 0.84%, to 4,242.64.