Stocks to Watch: HOOD, GME, MRK, and Others

Are you looking to stay up-to-date with the latest news in the stock market? Look no further! Here are some of the companies making headlines in premarket trading.

Robinhood: The brokerage firm’s shares jumped more than 6% after introducing its Robinhood Gold Card, a credit card that allows cash back to be deposited into a brokerage account.

Concentrix: Shares slipped nearly 4% due to disappointing fiscal second-quarter earnings guidance. However, the customer experience technology company reiterated its full-year outlook for 2024.

GameStop: Shares plummeted over 17% after reporting a significant decrease in revenue in the fourth quarter compared to the previous year. The company also reduced its workforce to reduce costs.

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Moderna: Shares rose 3.5% after the pharmaceutical company announced it advanced three vaccines into final stage trials. Additionally, Blackstone Life Sciences will provide up to $750 million to fund Moderna’s influenza program.

nCino: The cloud software company saw a 12% increase in shares after posting a 13% revenue growth in the first quarter compared to the previous year, beating analyst expectations.

Krispy Kreme: Shares increased over 2%, following a 39% surge from the previous session. The company announced an expansion of its partnership with McDonald’s to sell doughnuts at the fast food chain’s restaurants nationwide by 2026.

Viking Therapeutics: Shares advanced nearly 3% after a promising trial result for a weight loss pill that caused a 15% increase in the prior session.

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Deutsche Bank: Shares climbed 3% after an upgrade to overweight from Morgan Stanley, with the firm predicting more room for growth despite a strong performance in 2024.

Trump Media & Technology Group: Shares of Donald Trump’s social media company rose nearly 14% after its debut as a publicly traded company.

Merck: Shares rose nearly 5% after the FDA approved Merck’s treatment for adults with pulmonary arterial hypertension.

Carnival: Shares added 2% ahead of the cruise operator’s first-quarter earnings report, with analysts expecting a loss per share and quarterly revenue of $5.33 billion. Carnival’s stock surged in 2023 but has since dropped 8% this year.

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Stay informed on the latest market trends and investment opportunities by following along with these companies’ performances in the stock market. – CNBC’s Michelle Fox, Sarah Min, and Jesse Pound contributed to this report.

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