Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter. Rivian Automotive (RIVN) – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.…

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The CEOs of Disney and Devon Energy deliver upbeat outlooks to CNBC

The CEOs of two Club holdings spoke to CNBC on Thursday: Walt Disney Co. ‘s (DIS) Bob Chapek and Devon Energy’s (DVN) Rick Moncrief. Here what you need to know: Disney CEO Disney’s third-quarter results, released Wednesday night , show a company that’s pretty much firing on all cylinders as its highly profitable theme park business booms and the entertainment giant invests in growing its streaming services. Chapek told CNBC he’s seeing no signs of a slowdown at Disney’s theme parks, rebuffing Wall Street worries that pent-up demand accumulated during…

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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. July’s soft PPI is welcome news for growth stocks Disney just crushed it Quick mentions: QCOM, AAPL, DIS, AMZN We need to be nimble in oil 1. July’s soft PPI is welcome news for growth names Stocks rose for a second consecutive day on the heels of yet another softer-than-expected key inflation reading. The July producer price index declined from June, dropping 0.5% compared to…

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Gas prices are falling — Here’s why it’s happening and whether it can continue

A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for a gallon of gas has fallen for the last 58 straight sessions, according to AAA, and is now $3.99 per gallon. The fall from June, when prices topped out above $5, has been fast.   Here’s…

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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was reaching absurd levels, he said. A company that helps startups raise money had an oversubscribed round at a preposterous $80 million valuation. In another case, a tiny software firm with barely $50,000 in revenue got…

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Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more

Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC Check out the companies making headlines in midday trading. Six Flags — Shares dropped more than 22% after the theme park company sharply missed second-quarter earnings expectations. Six Flags reported earnings of 53 cents per share on revenue of $435 million. Analysts surveyed by Refinitiv forecast earnings of $1.01 per share on revenue of $519 million. The theme park operator attributed the miss to weak attendance,…

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Stocks making the biggest moves premarket: Six Flags, Canada Goose, Warby Parker and more

Check out the companies making headlines before the bell: Six Flags (SIX) – The theme park operator’s stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short of Wall Street forecasts. Six Flags saw its results hit by a 22% drop in attendance, among other factors. Canada Goose (GOOS) – The outerwear maker reported a smaller-than-expected quarterly loss, with revenue exceeding analyst forecasts. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels. The stock added 2.4% in premarket…

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National average for a gallon of gas drops below $4

A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time since March, in an ongoing sign that inflationary pressures for consumers are easing. The price for a regular gallon of gas stood at $3.99 on Thursday, according to AAA. That’s more than a dollar below the record $5.02 consumers paid in June, unadjusted for inflation. Part of the recent decline is thanks…

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Stocks making the biggest moves midday: Coinbase, Roblox, Wendy’s and more

Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes in the most recent quarter. The rally coincided with a move higher in bitcoin after a key inflation reading showed a better-than-expected slowdown in rising prices. Wendy’s – The restaurant chain saw its shares fall more than 2% after…

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Stocks making the biggest moves premarket: Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) – The cryptocurrency exchange operator’s shares slid 5% in the premarket after the company reported a wider-than-expected quarterly loss, with business impacted by the slide in crypto prices during the spring months. Coinbase saw volumes…

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