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1. STOCK NEWS:
- Oracle (ORCL) reported Q2 results and guidance that several analysts described as “mixed”
- Gen Digital (GEN) (ML) for $82 per share
- United Natural Foods (UNFI) provided a “beat and raise” report for Q1
- Stellantis (STLA) and CATL entered into a EUR 4.1B joint venture for an LFP battery plant in Spain
- C3 AI (AI) reported upbeat Q2 earnings and revenue
2. WALL STREET CALLS:
- Norwegian Cruise Line (NCLH) upgraded at Goldman Sachs, here’s why
- Morgan Stanley upgraded General Motors (GM) to Equal Weight in 2025 U.S. Autos refresh
- Centene (CNC) downgraded to Underperform at Jefferies
- eBay (EBAY) downgraded to Underperform from Hold at Jefferies
- BMO Capital upgraded UPS (UPS) to Outperform
3. AROUND THE WEB:
- Serve Robotics (SERV) strength attributed to bullish report
- European regulators have asked Google (GOOGL) for more information about its now-scrapped secret advertising partnership with Meta (META), FT says
- Stellantis (STLA) is reorganizing its executive ranks in North America, WSJ reports
- Macy’s (M) sold its 440,000-square-foot property department store in downtown Brooklyn, for $23M, NY Post says
- Marvell (MRVL) CEO Matt Murphy has been floated as a potential candidate to replace recently ousted Intel (INTC) CEO Pat Gelsinger, WSJ says
4. MOVERS:
- uniQure (QURE) gains in New York after announcing alignment with the FDA on elements of an approval path for AMT-130
- NewAmsterdam (NAMS) increases in New York after announcing its Phase 3 BROADWAY trial met its primary endpoint
- Alaska Air (ALK) higher after announcing the launch of a global gateway in Seattle
- Yext (YEXT) lower after reporting Q3 results and narrowing its guidance for FY25
- Ferguson (FERG) falls after reporting Q1 results and backing its FY25 guidance
5. EARNINGS/GUIDANCE:
- Academy Sports (ASO) reported Q3 results, with EPS and revenue missing consensus
- Ollie’s Bargain Outlet (OLLI) reported Q3 results, with CEO John Swygert commenting about “another great quarter”
- Braze (BRZE) reported Q3 results and raised its guidance for FY25
- MongoDB (MDB) reported Q3 results, with EPS higher year-over-year
- Vail Resorts (MTN) reported Q1 results and backed its guidance for FY25
INDEXES:
Near midday, the Dow was up 0.12%, or 55.10, to 44,457.03, the Nasdaq was up 0.03%, or 5.93, to 19,742.62, and the S&P 500 was up 0.016%, or 0.95, to 6,053.80.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.