Stocks making the biggest moves premarket: Disney, Airbnb, Rivian, Amgen and more

Check out the companies making headlines before the bell. Disney — Shares were down about 1% after the media giant reported quarterly results that beat analyst expectations, thanks in part to strong performance at its streaming unit. The company earned $1.39 per share, excluding items, on revenue of $23.16 billion. Analysts expected a profit of $1.19 per share on revenue of $23.07 billion, per LSEG.

Optimism around the popular weight-loss drug has helped push shares up more than 25% year to date, but the latest report is raising worries that it is seeing pressure from Eli Lilly's Mounjaro and Zepbound. Rivian — Shares of the electric vehicle company fell 9% after a second-quarter report showed a widening net loss. Rivian reported a net loss of $1.46 billion, compared to $1.2 billion last year. The company did beat expectations on some metrics. An adjusted loss of $1.13 per share and $1.

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Stocks bounce back from sell-off, and Disney gives investors a win ahead of earningsEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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