Today's Morning Movers and Top Ratings: ASML, TSM, NVDA, TSLA and More

$Johnson & Johnson(JNJ.US)$ The healthcare giant's stock rose by less than 1% after it reported a strong second quarter, with earnings and revenue exceeding Wall Street's expectations. The company posted adjusted EPS of $2.82, beating analysts' predictions by $0.10, and revenue of $22.45 billion, surpassing the consensus estimate of $22.34 billion.

$adidas AG(ADDYY.US)$ climbed on Wednesday as the German sportswear behemoth raised its full-year outlook for the second time this year, following the release of strong second-quarter financial results earlier in the week. Adidas stock rose 2.8% to €235.

$NVIDIA(NVDA.US)$ Shares fell 4% after a report indicated the Biden administration may tighten restrictions on exports of critical chipmaking equipment to China.

$Taiwan Semiconductor(TSM.US)$ The company's stock fell 5.18% following comments by Donald Trump suggesting Taiwan should pay the U.S. for defense equipment, drawing attention to the island’s largest company.

$ASML Holding(ASML.US)$ The company's ADRs dropped 7.7% amid concerns over potential new export regulations affecting chip equipment to China, as reported by Bloomberg.

$Amazon(AMZN.US)$ The online retailer's stock fell 0.88%, despite the potential for a 10.5% sales increase from its annual Prime Day event, as market sentiment was generally negative.

$Spirit Airlines(SAVE.US)$ The stock dropped 5.4% after the airline revised its second-quarter revenue outlook downward due to lower-than-expected non-ticket revenue.

$JB Hunt Transport Services(JBHT.US)$ The transportation company's stock fell 2.9% after reporting a 24% decrease in second-quarter profit and a 7% decline in operating revenue.

$Eli Lilly and Co(LLY.US)$ The company shares fell 3.86% following the announcement of promising trial data for an obesity drug by their competitor, Roche.

$Tesla(TSLA.US)$ Barclays analysts expressed concerns about the electric vehicle maker's upcoming second-quarter earnings report, suggesting that a miss in auto gross margin, estimated at 16.0% with a 40 basis points decline from the previous quarter, could negatively impact the stock. Shares fell by 2.1% in premarket trading.