Today's Morning Movers and Top Ratings | GOOG, UBS, PTON, MDT and More

$Intel (INTC.US)$ stock rose 0.4% after showing it sold its stake in Arm Holdings, which was also up 1.8%, in the second quarter. This followed Intel's announcement of workforce reductions exceeding 15% and a suspension of its dividend due to decreased spending.

$Kellanova (K.US)$ stock increased by 8% following a report by the Wall Street Journal that Mars is considering purchasing shares at a 12% premium to the price at Tuesday’s close, valuing Kellanova at over $30 billion.

$Peloton Interactive (PTON.US)$ stock climbed 6.0% after revealing a partnership with Google's Fitbit to provide its premium users with access to fitness content starting early September.

$UBS Group (UBS.US)$ stock appreciated 3.18% after the company reported a net profit of $1.14 billion for the second quarter, easily beating expectations.

$Cardinal Health (CAH.US)$ stock advanced 6.3% as the company raised its fiscal year 2025 guidance on the back of strong results in 2024.

$Tencent (TCEHY.US)$ will be watched after reporting an 8% increase in second-quarter revenue, buoyed by its gaming business's resurgence.

$Alphabet-C (GOOG.US)$ Shares declined by over 1% following a Bloomberg News report stating that U.S. regulators are considering the possibility of breaking up the technology conglomerate. The report, based on sources familiar with the matter, indicates that the divisions most at risk of being separated from the company are Google’s Chrome browser and the Android operating system, in the event that the Justice Department decides to pursue a break-up.

$Starbucks (SBUX.US)$ stock dipped 0.3%, giving back some gains from the previous session after announcing the appointment of Brian Niccol as its new CEO, succeeding Laxman Narasimhan who led for over a year.

$Medtronic (MDT.US)$ stock decreased by 0.53% after Stifel downgraded the company to 'hold' from 'buy,' pointing to challenging growth prospects ahead.