Today's Morning Movers and Top Ratings: BAC, SHOP, UNH, MTCH and More

$UnitedHealth(UNH.US)$ reported on Tuesday earnings and revenue for the fiscal Q2 2024 that beat consensus estimates. Q2 EPS stood at $6.80, above the analyst expectations of $6.67. Revenue for the quarter was $98.9 billion, slightly above the consensus estimate of $98.72 billion. The shares rose by 2.2% in premarket trading.

$Bank of America(BAC.US)$ After reporting second-quarter financial results that surpassed expectations, with earnings of 83 cents a share against the anticipated 80 cents and revenue of $25.54 billion exceeding the consensus estimate of $25.22 billion, the bank's shares increased by 1.22%.

$Shopify(SHOP.US)$ Shares in the e-commerce company climbed over 5% after Bank of America upgraded the stock to buy from neutral, highlighting revenue growth and healthy margin expansion.

$Match group(MTCH.US)$ The company's shares surged 6.2% upon news that Starboard Value acquired a 6.5% stake in the online dating company, with the activist investor urging Match Group to enhance growth and profitability or consider going private.

$EPAM Systems(EPAM.US)$ Shares of the software engineering services firm edged higher following an upgrade by Jefferies to buy from hold due to a valuation and earnings trough and an underappreciated AI opportunity.

$Morgan Stanley(MS.US)$ Despite second-quarter results that exceeded Wall Street's expectations, driven by a robust performance in trading and investment banking, and a 41% profit surge with a 12% revenue increase to $15.02 billion, the bank's stock fell by 3.1% in premarket trading.

$Reddit(RDDT.US)$ Loop Capital downgraded the social media company to hold from buy, resulting in a 3.0% decline in its stock as the firm expressed concerns that risks now outweigh the potential gains.

$Dollar Tree(DLTR.US)$ The discount retailer's shares dropped by 1.57% after Piper Sandler downgraded the stock to neutral from overweight, pointing out that proposals from the Joe Biden and Donald Trump campaigns could negatively impact Dollar Tree.