jetcityimage U.S. stock index futures on Thursday pointed to a solidly higher open, after latest data on the labor market quelled economic slowdown fears.
Here are some stocks to watch on Thursday: Shares of Eli Lilly ( LLY ) surged 13% in pre-market trading, after the pharmaceutical giant upped its full-year revenue guidance by $3B on the back of huge demand for its GLP-1 based diabetes and weight loss drugs Mounjaro and Zepbound, respectively. Lilly ( LLY ) also said Zepbound sales crossed $1B for the first time in a quarter, helping overall Q2 revenue jump 36% Y/Y to $11.30B.
Mounjaro sales increased to $3.09B in the quarter. The Indianapolis, Ind.
-based U.S. firm's results come a day after Danish rival Novo Nordisk ( NVO ) delivered a rare miss on quarterly sales for its blockbuster weight-loss drug Wegovy.
See how LLY performed in charts . Restaurant Brands International ( QSR ) stock slipped more than 2% ahead of the opening bell, after the Canadian fast food major's flagship Burger King chain put in a soft quarterly performance amid an otherwise solid showing across its other brands. Burger King was the only segment to show a Q2 decline in system-wide sales, while its comparable sales decreased 0.
1%. Restaurant Brands' ( QSR ) consolidated comparable sales improved 1.9%, though, largely on the back of a strong performance at Tim Hortons.
The company's Q2 results also included revenues, expenses and segment income from its acquisition of Carrols Restaurant. Class A shares of Robinhood Markets ( HOOD ) added nearly 7% ahead of market open, after the trading app traditionally associated with retail investors set new quarterly records for revenue and profit per share. Robinhood's ( HOOD ) Q2 was notable as the app saw a surge in volumes due to the return of the meme-stock craze and massive interest in the cryptocurrency market.
The Menlo Park, Calif.-based company's Q2 transaction-based revenue increased 69% Y/Y to $327M, which included crypto revenue that nearly tripled to $81M. Monthly active users on Robinhood's ( HOOD ) app rose 9% Y/Y to 11.
8M. Take-Two Interactive Software ( TTWO ) stock will be one to keep an eye on, with the video game publisher scheduled to report FQ1 2025 results after the closing bell. Wall Street expects Take-Two ( TTWO ) to earn 1 cent per share on revenue of $1.
25B. The company's shares have shed nearly 16% YTD, as it struggles with game delays and a lack of major releases. At the beginning of FQ1, Take-Two ( TTWO ) announced plans to reduce its workforce by about 5% and scrap several projects in development.
Investors will be hoping to hear any updates on Take-Two's ( TTWO ) much-awaited Grand Theft Auto VI , which the company expects to release in late 2025. More on the markets Biggest stock movers today: WBD, MNST, and more Jobless Claims And Credit Spreads - An Update This Market's Similarity To The 2007 'Quant Meltdown' Is The Bond Market Sending Us A Warning? Unwinding Trades Creates Market Turbulence.
