Check out the companies making headlines in pre-market trading: Meme Stocks – These stocks are in a move that is once again attracting attention. Opendoor Technologies jumped 7%, while Gopro and Krispy Kreme each dropped by around 4%. Dow Inc. – Chemical Company’s stock slipped over 10% after disappointing its second quarter results. According to LSEG, the Dow has posted a loss of 42 cents per share with $10.1 billion in revenue, with analysts postponing a loss of 17 cents per share and $10.23 billion in losses. Alphabet – Google’s parent stock rose almost 4% in an unexpected revenue report. According to LSEG, Alphabet won $231 million in second quarter revenues of $96.43 billion, surpassing its $2.18 per share and $94 billion forecast from analysts. ServiceNow – Stocks surged nearly 8% after hiking full-year guidance in subscription revenue after software stocks fell below Wall Street expectations for the second quarter. Chipotle – Shares in the fast casual burrito chain plummeted 12%. The company reduced sales forecasts for the same store than LSEG voted for, recording lower second quarter revenues. Tesla – Electric car manufacturer stock fell 6% after losing expectations on both lines in the second quarter. Tesla received an adjusted 40 cents per share with $22.5 billion in revenue, missing consensus estimates for revenue of 43 cents per LSEG and revenue of $22.744 billion. UnitedHealth Group – Health insurance company stock fell approximately 4% after saying it complies with the Department of Justice’s criminal and civil requirements as part of an investigation into Medicare claims. The company said it is “completely confident” in its practices. Honeywell – The stock fell 3% despite lower expectations for second-quarter earnings and providing bright guidance. Honeywell earned $10.35 billion per share, with the exception of $2.75 per share, exceeding $10.66 per share, earnings of $10.7 billion from analysts surveyed by LSEG. American Airlines – Airline stock fell 6% despite quarterly financial results being beaten on top and bottom line after its third quarter earnings forecast failed to meet expectations. In the third quarter, Americans said they expected an adjusted share loss of 10 to 60 cents, with analysts voted by LSEG estimated a loss of 7 cents. American Eagle Outfitters – Apparel retailer rose 18% after launching an advertising campaign featuring actress Sydney Sweeney. American Eagle has declined by almost 50% over the past year. This move comes amid the revival of Meme Stock Activial, which was hit by Opendoor, Gopro, and others. T-MOBILE – Shares rose 4% after telecoms shared better than expected second-quarter earnings. T-Mobile recorded revenue earnings of $2.84 per share, $21.3 billion, breaking an estimated $2.67 per share and $21.02 billion from analysts. Las Vegas Sands – Casino Operator stock rose 6%, up 6%, after second quarter earnings results exceeded forecasts. Las Vegas Sands reported an adjusted earnings of 79 cents per share against revenues of $3.18 billion, compared to revenues of 53 cents per share from analysts surveyed by LSEG. IBM – Technology stocks fell 6% in pre-market trading after the company also reported below-consensus revenue and gross profit in its software business. Still, IBM has delivered stronger results than expected, bringing up a full year free cash flow forecast. Investors can make some profit after a strong year when stocks rose 28%. Viking Therapeutics – Shares fell 6% after Biopharmaceutical Company recorded a wider share per share loss than Wall Street expected. The Vikings lost 58 cents per share in the second quarter, but analysts said they were voted by FactSet. Molina Healthcare – Stocks of pigeons at 7% against low retirement rates. Molina won an adjusted $5.48 per share, $5.48. – Reported by Yun Li and Tanaya Macheel of CNBC.
CMG, TSLA, Now, LVS, etc.
