Pictures of Jet City
U.S. stock futures opened sharply higher on Thursday after the latest labor market data calmed fears of an economic slowdown. Here are some stocks to watch on Thursday:
- Eli Lilly and Company (LLY) Stock Soared 13% In pre-market trading, after pharmaceutical giant increased Its full-year revenue guidance was raised by $3 billion due to huge demand for its GLP-1-based diabetes drug Mounjaro and weight loss drug Zepbound. Lily (Li Lai) also stated that Zepbound sales exceeded US$1B for the first time in a quarter, helping overall revenue increase by 36% year-on-year in the second quarter to US$11.30B. Mounjaro sales increased to $3.09B this quarter. The U.S. company, based in Indianapolis, Indiana, came a day after Danish rival Novo Nordisk reported results (non-governmental organization) publish Its blockbuster weight-loss drug Wegovy suffered a rare quarterly sales decline. Let’s see how LLY performs in chart.
- Restaurant Brands International (QSR) Stock Dropped more than 2% Ahead of the opening bell, the Canadian fast-food giant’s flagship Burger King chain reported weak quarterly results amid strong performance from its other brands. Burger King was the only segment to see a systemwide sales decline in the second quarter, while its comparable sales fell 0.1%. However, Restaurant Brands (QSR)’s consolidated comparable sales increased 1.9%, mainly due to the strong performance of Tim Hortons. The company’s second-quarter results also included revenue, expenses and segment income from the Carrolls Restaurant acquisition.
- Robinhood Markets (HOOD) Class A Stock increased by nearly 7% Ahead of the open, the trading app, traditionally associated with retail investors, set new quarterly records for revenue and profit per share. Robinhood’s (HOOD) second quarter was notable, with the app’s trading volume surging on the back of a return to the meme stock craze and huge interest in the cryptocurrency market. The Menlo Park, Calif.-based company’s second-quarter transaction-based revenue rose 69% annually to $327 million, with cryptocurrency revenue nearly tripling to $81 million. Monthly active users of the Robinhood (HOOD) app increased 9% year over year to 11.8 million.
- Take-Two Interactive Software (TTWO) stock will be one to watch as the video game publisher plans to report first-quarter 2025 results after the close. Wall Street expects Take-Two (TTWO) to earn 1 cent per share on revenue of $1.25B. The company’s shares are down nearly 16% year to date as the company has been plagued by game delays and a lack of major releases. At the beginning of the first quarter, Take-Two (TTWO) announced plans to lay off approximately 5% of its workforce and abandon multiple projects in development. Investors will want to hear any updates on the long-awaited Take-Two (TTWO) Grand Theft Auto VIthe company expects to release by the end of 2025.
