Check out the companies making headlines before the stock market opening bell rings. Beyond Meat — Plant-based meat alternative company soars 90% as meme-fueled boom continues. Beyond Meat’s stock price soared more than 140% on Tuesday, its biggest single-day jump on record, after the company signed a deal with Walmart to expand distribution. Earlier this week, Round Hill Investments added BYND to its Meme Stocks ETF (MEME). Krispy Kreme — The donut chain soared 37% in premarket trading as meme stock trading activity continued to pick up. Krispy Kreme stock rose 14% on Tuesday, along with other speculative stocks such as Beyond Meat. Intuitive Surgical — The maker of robotic-assisted surgical systems soared 17% on better-than-expected third-quarter results. Intuitive reported adjusted earnings of $2.40 per share on revenue of $2.51 billion. Analysts had expected earnings of $1.98 per share on sales of $2.4 billion, according to LSEG. Pegasystems — Shares rose nearly 13% following the software company’s third-quarter results. Pegasystems’ adjusted earnings were 30 cents per share, compared with the 20 cents per share expected by analysts surveyed by LSEG. Revenue was $381 million, beating consensus estimates of $345 million. Capital One — The Virginia-based bank’s latest results beat Wall Street expectations, sending its stock up 4%. LSEG said adjusted earnings were $5.95 per share on revenue of $15.36 billion, compared to analysts’ expectations of $4.37 per share and revenue of $15.08 billion. DraftKings — Shares rose about 4% after the sports gambling platform announced plans to acquire prediction market platform Railbird. We leverage the technology and management of our trading platform to create a unique event contracting service called Draftkings Predictions. Hilton Worldwide — The hotel chain rose 3% after third-quarter revenue beat expectations. Hilton’s earnings, excluding one-time items, were $2.11 per share on revenue of $3.12 billion, compared with analysts’ estimates compiled by LSEG of $2.06 per share and $3.01 billion. Western Alliance — The Arizona-based regional bank posted third-quarter earnings of $2.28 per share, beating analysts surveyed by LSEG’s estimates of $2.09, an increase of 2%. The bank’s revenue of $938 million also exceeded expectations of $890 million. Warner Bros. Discovery — Warner Bros., the parent company of HBO and CNN, rose 2%, on top of Tuesday’s 11% rise, after the company said it was ready for sale and had begun a strategic review of its business. Mattel — The Barbie doll maker fell 5% after disappointing third-quarter results. Mattel’s revenue was $1.74 billion, or adjusted 89 cents per share. Analyst estimates compiled by LSEG were for earnings of $1.07 per share and revenue of $1.83 billion. Netflix — The largest streaming platform fell 7% after third-quarter earnings of $5.87 per share fell short of analysts’ expectations. Analysts surveyed by LSEG had estimated earnings of $6.97 per share. Sales were in line with expectations at $11.51 billion. BitFarms — Shares fell about 8% as investors reacted to the crypto miner’s plan to issue $300 million in convertible senior notes due in 2031. Barclays — Shares rose nearly 5% on Wednesday after the British banking institution announced a 500 million pound share buyback to coincide with its third-quarter results. Barclays also raised its guidance, expecting return on tangible equity to exceed 11% this year. — CNBC’s Alex Harring, Sean Conlon, Yun Li, Fred Imbert, Lisa Kailai Han and Michelle Fox Theobald contributed reporting.
