Stocks making the biggest moves premarket: Dollar General, Constellation Energy, Pinterest, Hims & Hers Health and more

Dollar General shares surged 10% after raising its annual sales outlook and reporting Q1 earnings of $1.78 per share on $10.44 billion in revenue, exceeding estimates. Constellation Energy jumped 9% following a 20-year agreement to supply Meta with 1.1 gigawatts of nuclear power starting in 2027, boosting other energy stocks like Vistra and NRG. Conversely, Bumble fell 6% after a JPMorgan downgrade citing market share loss to Hinge, while Parsons declined 2% after cutting its FY25 revenue outlook due to State Department reorganization impacting a confidential contract.

Analysis

The pre-market session reveals significant divergence based on company-specific catalysts, with a generally moderately positive overall sentiment (0.45). Dollar General (DG) shares surged over 10% after the company raised its annual sales outlook, contingent on current tariff rates persisting through mid-August, and reported strong first-quarter results, with earnings of $1.78 per share on $10.44 billion revenue, beating LSEG estimates of $1.48 and $10.31 billion respectively. Constellation Energy (CEG) saw a 9% stock increase following a landmark 20-year agreement to supply Meta with 1.1 gigawatts of nuclear power from its Clinton Clean Energy Center starting June 2027, a development that also lifted shares of Vistra Energy (+5%) and NRG Energy (+2%), indicating robust corporate demand for clean energy. Pinterest (PINS) shares gained over 4% on a JPMorgan upgrade to overweight, accompanied by a price target hike to $40 from $35, reflecting confidence in its user growth and monetization efforts. Hims & Hers Health (HIMS) shares rose over 5% on news of its acquisition of Zava, which is expected to expand its active customer base by approximately 50%. Block (SQ) shares increased by more than 3% after an Evercore ISI upgrade to outperform, following positive management discussions regarding funding for its lending portfolio. Conversely, Bumble (BMBL) shares fell 6% due to a JPMorgan downgrade to underweight, citing market share losses to competitor Hinge. Parsons (PSN) experienced a 2% share decline after cutting its fiscal year 2025 revenue outlook, attributing the revision to uncertainty surrounding a confidential contract impacted by a State Department reorganization. Paramount (PARA) shares decreased by over 1% amid news of new director nominations and ongoing settlement talks for an election-interference lawsuit.

Key Decisions for Investors

• Investors should acknowledge Dollar General's strong quarterly performance and improved sales guidance, while carefully monitoring any changes in tariff policies which could impact future results.
• The substantial, long-term nuclear power agreement between Constellation Energy and Meta underscores a significant growth runway for clean energy providers; thus, positions in CEG and similar entities like Vistra and NRG warrant review for potential upside.
• Given JPMorgan's downgrade and concerns over market share erosion, investors in Bumble should exercise caution and closely track competitive dynamics within the online dating sector.
• Pinterest's positive momentum, driven by a JPMorgan upgrade citing user growth and monetization advancements, suggests potential for appreciation, contingent on sustained execution of its strategic priorities.
• The reduction in Parsons' FY2025 revenue outlook due to contract uncertainty linked to government reorganization highlights specific risk factors that warrant careful consideration for those invested in the defense technology company.