Stocks making the biggest moves premarket: Walt Disney, Hims & Hers, Palantir and more

by | May 7, 2024 | Financial

Check out the companies making headlines before the bell: Walt Disney — The media giant slid more than 4% even after Walt Disney Company posted fiscal second-quarter earnings that beat expectations, bolstered by after narrowing streaming losses. Hims & Hers Health — The stock surged 14% after the telehealth consultation platform posted second-quarter revenue guidance that topped estimates. Hims & Hers Health anticipates revenue in the range between $292 million and $297 million, better than the LSEG consensus consensus estimate of $288 million. First-quarter results also exceeded expectations. Gap — Shares gained 3.2% after Citi upgraded the apparel retailer to buy from neutral and raised its price target, saying Gap could surpass first-quarter earnings expectations. Target — The retailer popped 1.6% following two optimistic calls on Wall Street. Citi upgraded the stock to buy from neutral, calling it one of the winners within the sector. UBS, which also has a buy rating, said the upcoming first-quarter earnings report should be a positive catalyst for shares and validate the bull case. Palantir Technologies — Shares tumbled 11% after the defense-technology company issued weaker-than-expected guidance . Palantir expects full-year revenue between $2.68 billion and $2.69 billion, falling short of the $2.71 billion expected from analysts polled by LSEG. It is forecasting $649 million to $653 million in revenue for the current quarter, versus the LSEG consensus estimat …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell: Walt Disney — The media giant slid more than 4% even after Walt Disney Company posted fiscal second-quarter earnings that beat expectations, bolstered by after narrowing streaming losses. Hims & Hers Health — The stock surged 14% after the telehealth consultation platform posted second-quarter revenue guidance that topped estimates. Hims & Hers Health anticipates revenue in the range between $292 million and $297 million, better than the LSEG consensus consensus estimate of $288 million. First-quarter results also exceeded expectations. Gap — Shares gained 3.2% after Citi upgraded the apparel retailer to buy from neutral and raised its price target, saying Gap could surpass first-quarter earnings expectations. Target — The retailer popped 1.6% following two optimistic calls on Wall Street. Citi upgraded the stock to buy from neutral, calling it one of the winners within the sector. UBS, which also has a buy rating, said the upcoming first-quarter earnings report should be a positive catalyst for shares and validate the bull case. Palantir Technologies — Shares tumbled 11% after the defense-technology company issued weaker-than-expected guidance . Palantir expects full-year revenue between $2.68 billion and $2.69 billion, falling short of the $2.71 billion expected from analysts polled by LSEG. It is forecasting $649 million to $653 million in revenue for the current quarter, versus the LSEG consensus estimat …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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