PRISM Stocks making big moves premarket: Shopify, AppLovin, Peloton, Tapestry and more

Take a close look at the prominent companies making waves in todays premarket trading. Here's a snapshot of the latest news influencing the stock market:

Shopify Despite reporting impressive first-quarter earnings with $2.36 billion in revenue, surpassing the $2.33 billion predicted by analysts, Shopifys shares took an unexpected dip of 8.7%. Its notable that Shopify experienced a 20% increase over the past month, with projected operating expenses for the year set at 39%-40% of total revenue and a free cash flow profit margin similar to the first quarter in the mid-teens.

AppLovin The AI-driven marketing platform soared by 14.7% after reporting first-quarter earnings that exceeded expectations. AppLovin delivered $1.67 per share on $1.48 billion in revenue, well above estimates. The company also made headlines by announcing the sale of its mobile gaming division.

Arm Holdings Shares of the British chip maker, listed in the U.S., fell 9.1% due to lower-than-anticipated guidance for the current quarter, which overshadowed its better-than-expected fiscal fourth-quarter earnings.

Tapestry The parent company of Coach and Kate Spade saw its shares rise by 8.4% following stronger-than-forecast results in its fiscal third quarter. Tapestry earned $1.03 per share, excluding one-time items, on $1.58 billion in revenue, beating analysts expectations.

Chip Stocks Semiconductor stocks are on the rise as the Department of Commerce plans to reverse controls on AI chips. Broadcom saw a 2% increase, while Nvidia and AMD gained over 1% each.

Skyworks Solutions Despite an impressive earnings report and positive outlook, Skyworks shares dipped 2.2%. The stock had already seen a 36% increase over the past month.

Alphabet Shares of Google's parent company increased by more than 2%, affirming continued search engine growth, especially on Apple platforms. This follows a previous slump after reports of declining searches on Safari.

Warby Parker The eyeglass brand experienced a 4.4% decline due to first-quarter revenue failing to meet expectations and a downward revision in its annual sales forecast.

Warner Bros. Discovery The media giants shares decreased by more than 2%, influenced by a quarterly loss that surpassed analyst predictions.

Peloton The fitness company's shares dropped 3.3% after reporting a higher-than-expected first-quarter loss per share.

Anheuser-Busch InBev The beer giant's stock climbed 1.5% following an increase in first-quarter profits, bolstered by strong non-alcoholic beer sales.

Drug Stocks Drug manufacturers saw a decline after reports suggested potential Medicare pricing changes by President Trump. Notable companies like Amgen, Abbvie, Eli Lilly, and Bristol Myers dipped over 1%. Regeneron fell 2%..

Cleveland-Cliffs The steelmakers shares plunged 7.3% following weaker-than-expected first-quarter results.

Fortinet Despite exceeding first-quarter earnings forecasts, this cybersecurity stock fell 8.7% following guidance that only matched analyst expectations.

Carvana The online used car marketplace experienced a 5% increase after surpassing earnings estimates for the first quarter on both revenue and earnings.

CF Industries This fertilizer manufacturers shares rose 2% after reporting first-quarter earnings that beat expectations and announcing a $2 billion share buyback plan.

Stay updated with these trading highlights as the market continues to evolve with each financial revelation.

The post PRISM Stocks making big moves premarket: Shopify, AppLovin, Peloton, Tapestry and more appeared first on PRISM MarketView.

COMTEX_465290479/2927/2025-05-08T09:00:37