What You Missed On Wall Street On Monday
The major averages closed lower, with the Nasdaq closing near flat, as stocks looked to rebound from last week's technology-led selloff. Attention is turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum. However, gains remain restrained by escalating geopolitical tensions in the Middle East. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Domino's Pizza (DPZ) reported mixed Q2 results, with U.S. same store sales growing 0.1% but international same store sales falling 0.1% Tempus AI (TEM) agreed to acquire Personalis (PSNL) for $16.25 per share AMC Entertainment (AMC) reported better-than-expected Q2 earnings and revenue Brookfield (BAM) and Canada Pension Plan Investment Board agreed to acquire LXP Industrial Trust (LXP) in a $5.2B all-cash transaction Alibaba's (BABA) AliExpress has been fined EUR550M by the EU for breaching the Digital Services Act 2. WALL STREET CALLS: Phillip Securities upgraded Netflix (NFLX) to Buy from Accumulate Goldman Sachs downgraded Travelers (TRV) to Sell CLSA initiated coverage of Microsoft (MSFT) with an Outperform rating and $535 price.
The major averages closed lower, with the Nasdaq closing near flat, as stocks looked to rebound from last week's technology-led selloff.
Attention is turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum.
However, gains remain restrained by escalating geopolitical tensions in the Middle East.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: Domino's Pizza (DPZ) reported mixed Q2 results, with U.S. same store sales growing 0.1% but international same store sales falling 0.1% Tempus AI (TEM) agreed to acquire Personalis (PSNL) for $16.25 per share AMC Entertainment (AMC) reported better-than-expected Q2 earnings and revenue Brookfield (BAM) and Canada Pension Plan Investment Board agreed to acquire LXP Industrial Trust (LXP) in a $5.2B all-cash transaction Alibaba's (BABA) AliExpress has been fined EUR550M by the EU for breaching the Digital Services Act 2.
WALL STREET CALLS: Phillip Securities upgraded Netflix (NFLX) to Buy from Accumulate Goldman Sachs downgraded Travelers (TRV) to Sell CLSA initiated coverage of Microsoft (MSFT) with an Outperform rating and $535 price.