Stocks making the biggest moves premarket: Spotify, General Motors, Coca-Cola and more

📆 23/07/2024 20.46.00
📰 CNBC

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United Parcel Service Inc,Spotify Technology SA,Lockheed Martin Corp

These are the stocks posting the largest moves in early trading.

Check out the companies making headlines before the bell: Spotify Technology — The music streaming stock surged 13% after Spotify Technology posted second quarter earnings that topped estimates. Gross margin also exceeded expectations, along with operating income. General Motors — The auto stock jumped 4.6% after General Motors easily topped second-quarter estimates. GM also said it's restructuring its struggling autonomous vehicle and China businesses.

UPS reported $1.79 earnings per share on $21.80 billion in revenue. Analysts polled by LSEG had estimated $1.99 earnings per share and revenue of $22.18 billion. Danaher — The life sciences stock jumped 6% after Danaher posted second-quarter earnings and revenue that exceeded expectations. "We were particularly pleased with the sustained positive momentum in our bioprocessing business," CEO Rainer Blair said in a statement.

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Spotify, Tesla among stocks with earnings this week that could see big movesOptions market pricing suggests that traders expect these stocks to see big reactions to earnings.
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