Carvana, MercadoLibre's new CFO, Stanley Black & Decker downgrade: Top stocks

The S&P 500 (^GSPC) is trading lower as the July Producer Price Index came in at 0.3%, which was higher than expected. MercadoLibre (MELI) announced it will be appointing Martín de los Santos as its new CFO. The company also received a raised price target from Citigroup analysts to $1,550 from $1,500. Stanley Black & Decker (SWK) shares are trading lower as the stock received a downgrade to “underperform” from Wolfe Research, as well as a new price target of $94. Carvana (CVNA) shares fell after an analyst from Morgan Stanley maintained an “underweight” rating on the stock. Carvana shares have since moved and are trading higher. Yahoo Finance Live takes a look at some of the trending tickers of the day.