Stocks making the biggest moves premarket: Domino’s, Warner Bros. Discovery, United Airlines and more

Here’s a quick update on companies to watch out for this morning.

Domino’s Pizza saw their shares plummet by over 13% after releasing mixed results from their second quarter. Despite beating LSEG estimates with earnings per share at $4.03, their revenue met expected estimates of $1.1 billion, and U.S. comparable store sales underwhelmed.

United Airlines shares have risen by 1.5% on the back of a 23% profit jump from the last quarter. However, a projected disappointing quarter outlook offers a grey lining to the silver cloud.

Discover Financial Services saw their stock shoot up by 3.5% following exceeding second-quarter results. The company posted earnings per share of $6.06 on a revenue of $4.54 billion.

Warner Bros. Discovery stock enjoyed a boost of almost 6% on the back of plans to rejuvenate its struggling stock. Potential strategies under consideration may include spinning off their digital streaming and studio businesses.

Alaska Air Group’s shares dipped slightly by over 1% after reporting a revenue miss from their second quarter.

Blackstone, the investment firm, experienced a pull back of 2% after underperforming in both top and bottom lines in the second quarter.

Beyond Meat’s shares plummeted by 12% after it was reported that the company is in discussions with bondholders on restructuring its balance sheet.

Taiwan Semiconductor’s U.S. listed shares experienced a boost of 1.2% after recording higher than expected results for the second quarter.

Alcoa, the aluminum company, got a slight 1.1% boost. This came after posting earnings of 16 cents per share, surpassing analyst’s forecast by 7 cents per share.

Shares of Toast, the restaurant tech stock, rose more than 3% after being upgraded to “outperform” by Mizuho.

Kinder Morgan’s shares fell by 2% post its quarterly results which didn’t match expectations.

Elf Beauty stock gained 3.5% following an upgrade at Baird to outperform from neutral.

Lastly, Gap shares increased by 2.4% after Morgan Stanley upgraded the retailer to overweight from equal weight, naming it one of its favorite retail picks.