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    HomeMoney & TechPersonal FinancePremarket Power Surge: DG, CEG, PINS & HIMS Make Headlines!

    Premarket Power Surge: DG, CEG, PINS & HIMS Make Headlines!

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    Market Movers: Big Wins and Some Setbacks

    As the trading day begins, several companies are making waves in the stock market. Let’s break down the highlights and what they mean for investors.

    Dollar General Takes Off

    Dollar General is in the spotlight today, with its shares soaring over 10%. The discount retailer raised its annual sales forecast, indicating it expects current tariff rates to hold steady through mid-August. For their first quarter, Dollar General reported earnings of $1.78 per share on revenue of $10.44 billion—both figures significantly beat expectations. Analysts had estimated earnings of $1.48 per share and revenue of $10.31 billion.

    Hims & Hers Health Expands

    Hims & Hers Health, a telehealth platform, is also enjoying a boost, with shares rising more than 5%. The company announced its plans to acquire Zava, a European counterpart, which is expected to expand its active customer base by 50%. This move taps into the growing telehealth sector, offering users more services.

    Constellation Energy’s Nuclear Deal

    On the energy front, Constellation Energy saw its shares jump 9% when Meta (the company behind Facebook and Instagram) secured a 20-year agreement to purchase nuclear power from Constellation’s Clinton Clean Energy Center in Illinois. This deal, starting in June 2027, is a significant step for both companies in the push for renewable energy solutions. The news also had a positive ripple effect on other energy stocks, with Vistra Energy and NRG Energy gaining 5% and 2%, respectively.

    Bumble Faces Challenges

    In contrast, Bumble, the dating app, saw its stock decline by 6% after JPMorgan downgraded it from neutral to underweight, citing competition issues. The firm noted that Bumble is losing ground to rival Hinge, which could spell trouble for its market share.

    Pinterest Gets a Boost

    On a brighter note, Pinterest saw its shares increase by over 4% after receiving an upgrade from JPMorgan. The bank revised its price target from $35 to $40, citing improvements in the platform’s user base and monetization strategies. A more engaged user base can lead to higher revenue, making Pinterest a stock to watch.

    Credo Technology Surges

    Credo Technology, known for high-speed connectivity products, experienced a dramatic rise of over 14% after reporting stronger-than-expected demand from large tech firms. This surge in demand led to more than doubling of their revenue, and the company is projecting earnings between $185 million and $195 million—a promising outlook surpassing analyst estimates.

    Parsons Adjusts Expectations

    Not all news is good, however. Parsons, a defense technology firm, has lowered its revenue outlook for 2025 due to changes in the State Department that have added uncertainty to its contracts. Following the announcement, shares fell 2%.


    In summary, while some companies are thriving amidst changing market dynamics, others are navigating challenges. For investors, it’s a mixed bag, but understanding these movements can inform smarter investment decisions. Keep an eye on these firms as they shape the financial landscape in the weeks to come!

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