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U.S. stock index futures pointed to a solid higher open on Thursday, after the latest labor market data eased concerns about an economic slowdown. Here are some stocks to watch on Thursday:
- Eli Lilly (LLY) Stock Up 13% In pre-market trading, after the pharmaceutical giant announced Raised Lilly has forecast annual revenue of $3 billion on the back of strong demand for its GLP-1-based drugs Mounjaro and Zepbound, for treating diabetes and weight loss, respectively.LaylaZepbound also said its sales topped $1 billion for the first time in the quarter, helping lift total second-quarter revenue 36% year over year to $11.30 billion. Mounjaro’s sales increased to $3.09 billion in the quarter. The Indianapolis, Indiana-based company’s results come a day after Danish rival Novo Nordisk (Non-governmental organizations) Delivered Rare quarterly sales miss for popular weight-loss drug Wegovy. See how LLY performed In charts.
- Restaurant Brands International (QSR) Stock Down more than 2% Before the opening bell, Canadian fast-food chain Burger King reported a weak quarter amid otherwise strong performance across its other brands. Burger King was the only segment to show a decline in systemwide sales in the second quarter, with comparable sales down 0.1%. However, Restaurant Brands’ consolidated comparable sales (QSR) improved 1.9%, largely on the back of strong performance at Tim Hortons. The company’s second-quarter results also included revenue, expenses and segment income from its acquisition of Carrols Restaurant.
- Robinhood Markets Class A Shares (HOOD) Added nearly 7% Before the market opened, after the trading app traditionally associated with retail investors set new quarterly records for revenue and earnings per share, Robinhood (HOOD) had a notable second quarter as the app saw a surge in volumes due to the resurgence of meme stocks and massive interest in the cryptocurrency market. The Menlo Park, California-based company’s second-quarter trading revenue increased 69% year over year to $327 million, which included cryptocurrency revenue that nearly tripled to $81 million. Robinhood (HOOD)’s monthly active users rose 9% year over year to 11.8 million.
- Take-Two Interactive Software (TTWO) will be one to watch, as the video game publisher is scheduled to report its fiscal first-quarter 2025 results after the closing bell. Wall Street expects Take-Two (TTWO) to earn 1 cent per share on revenue of $1.25 billion. The company’s shares are down about 16% year to date, as it struggles with game delays and a lack of major releases. At the start of its fiscal first quarter, Take-Two (TTWO) announced plans to reduce its workforce by about 5% and cancel several projects in development. Investors are hoping to hear any updates on Take-Two’s long-awaited Grand Theft Auto 6which the company expects to launch in late 2025.