Oracle reports mixed Q2, Gen Digital to acquire MoneyLion: Morning Buzz

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

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.