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Stocks Moving in Premarket Today

Here are the top stocks moving in premarket trading on May 11, 2023:


  • Palantir Technologies (PLTR) is up 3.1% after the company announced a new partnership with the U.S. Army.

  • Tesla (TSLA) is up 2.5% after the company reported strong earnings for the first quarter of 2023.

  • Walt Disney (DIS) is up 1.5% after the company announced a new streaming service for sports fans.

  • Amazon (AMZN) is up 1.2% after the company reported strong earnings for the first quarter of 2023.

  • Opendoor Technologies (OPEN) is up 1% after the company reported strong earnings for the first quarter of 2023.

Palantir Technologies


Palantir Technologies is a data analytics company that helps businesses and governments make better decisions. The company's software platform is used by a variety of clients, including the U.S. Department of Defense, the U.S. Department of Homeland Security, and the City of Los Angeles.


Palantir announced a new partnership with the U.S. Army on May 10, 2023. The partnership will use Palantir's software platform to help the Army improve its logistics operations.


Tesla


Tesla is an electric car company that is also a leader in the development of self-driving technology. The company reported strong earnings for the first quarter of 2023, with revenue of $10.39 billion and earnings per share of $3.22.


Tesla's earnings were driven by strong demand for its electric cars. The company delivered 310,048 vehicles in the first quarter, up 68% from the same period in 2022.


Walt Disney


Walt Disney is a media and entertainment company that owns a variety of businesses, including the Walt Disney Studios, the Walt Disney Parks and Resorts, and the ESPN cable network.


The company announced a new streaming service for sports fans on May 10, 2023. The service, called ESPN+, will cost $6.99 per month and will offer live and on-demand coverage of a variety of sports, including baseball, basketball, football, and hockey.


Amazon


Amazon is an e-commerce company that also offers a variety of other services, including cloud computing, streaming video, and grocery delivery.


The company reported strong earnings for the first quarter of 2023, with revenue of $116.44 billion and earnings per share of $10.64.


Amazon's earnings were driven by strong growth in its e-commerce business. The company's net sales from its e-commerce business grew 25% in the first quarter.


Opendoor Technologies


Opendoor Technologies is a real estate company that buys and sells homes directly from consumers. The company uses technology to streamline the home buying and selling process.


Opendoor reported strong earnings for the first quarter of 2023, with revenue of $577 million and earnings per share of $0.29.

Opendoor's earnings were driven by strong growth in its home buying and selling business. The company closed 3,500 home transactions in the first quarter, up 120% from the same period in 2022.


Disclaimer


This is not investment advice. Please do your own research before making any investment decisions.


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