tiprankstipranks

FedEx to separate Freight unit, Nike reports Q2 beat: Morning Buzz

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

Confident Investing Starts Here:

1. STOCK NEWS:

2. WALL STREET CALLS:

3. AROUND THE WEB:

  • The U.S. Department of Commerce recently asked Nvidia (NVDA) to look into how the company’s products ended up in China over the past year, The Information reports
  • A union representing Starbucks (SBUX) workers said baristas in three cities will walk off the job Friday morning and strikes will spread to hundreds of stores unless the company improved its wage offer, NY Times says
  • Suzano (SUZ) is exploring an offer for Clearwater Paper (CLW), Bloomberg reports
  • TPG (TPG) is in advanced talks to buy Crown Castle’s (CCI) fiber business for approximately $8B, Bloomberg says
  • Lumen Technologies (LUMN) has initiated a process to sell its consumer fiber business, Reuters reports

4. MOVERS:

5. EARNINGS/GUIDANCE:

INDEXES:

Near midday, the Dow was up 1.81%, or 765.53, to 43,107.77, the Nasdaq was up 1.71%, or 330.46, to 19,703.23, and the S&P 500 was up 1.70%, or 99.86, to 5,966.94.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue