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

1. STOCK NEWS:

PayPal (PYPL) provided a "beat and raise" report for Q2, named Blake Jorgensen CFO, announced buyback and cost-cutting plans and an agreement with activist shareholder Elliott [more]
CVS Health (CVS) also provided a "beat and raise" report for Q2, with the company saying it posted "strong" results across all its business segments [more]
Semtech (SMTC) agreed to acquire Sierra Wireless (SWIR) for $31 per share in an all-cash transaction [more]
Ping Identity (PING) agreed to be acquired by Thoma Bravo for $2.8B [more]
Robinhood (HOOD) reported downbeat Q2 revenue and announced it would lay off 23% of its workforce amid reduced customer activity [more]

2. WALL STREET CALLS:

Uber (UBER) upgraded to Outperform from Market Perform at Raymond James [more]
Esperion (ESPR) downgraded to Underperform from Neutral at Credit Suisse [more]
Citi upgraded Mosaic (MOS) and CF Industries (CF) to Buy from Neutral [more]
Caterpillar (CAT) downgraded to Market Perform from Outperform at Bernstein [more]
XPeng (XPEV) downgraded to Neutral from Outperform at Macquarie [more]

3. AROUND THE WEB:

Atlas Air (AAWW) is near a deal to be acquired for $102.50 per share, Bloomberg reports [more]
UnitedHealth (UNH) suspended its Amil sale process after struggles, Reuters reports [more]
Apple (AAPL) will delay its next major iPad software launch by about a month, Bloomberg says [more]
Montauk Renewables (MNTK) is exploring a potential sale, Bloomberg reports [more]
Bed Bath & Beyond (BBBY) is weighing private loans, Bloomberg says [more]

4. MOVERS:

Alnylam (ALNY) jumps after announcing its APOLLO-B Phase 3 patisiran study met its primary endpoint [more]
Tupperware Brands (TUP) higher after reporting quarterly results [more]
Alteryx (AYX) rises after reporting quarterly results and providing Q3 and FY22 guidance [more]
Infinera (INFN) falls after announcing a $275M convertible notes offering [more]
Horizon Therapeutics (HZNP) declines after reporting Q2 results and after cutting its FY22 revenue guidance [more]

5. EARNINGS/GUIDANCE:

Airbnb (ABNB) reported upbeat Q2 earnings and announced a $2B share buyback program [more]
Yum! Brands (YUM) reported downbeat Q2 earnings [more]
Starbucks (SBUX) reported upbeat Q3 results [more]
Match Group (MTCH) reported lower-than-expected Q2 results and announced the departure of Tinder CEO Renate Nyborg [more]
AMD (AMD) reported upbeat Q2 results and reiterated its FY22 revenue guidance [more]

INDEXES:

The Dow rose 416.33, or 1.29%, to 32,812.50, the Nasdaq gained 319.40, or 2.59%, to 12,668.16, and the S&P 500 advanced 63.98, or 1.56%, to 4,155.17.