Check out the companies that make headlines before the bell. Dollar General – Discounted retailer stock has earned more than 10% after the company lifted its annual sales outlook. The updated guidance states that it expects the current tariff rate to continue until mid-August. Dollar General also broke the top and bottom lines in the first quarter. The company reported earnings of $1.78 per share against revenues of $10.44 billion per share, exceeding $1.48 per share and $103.1 billion per LSEG. HIMS & HERS HEALTH – The TeleHealth platform has added over 5% after the company said it would acquire European counterpart Zava. This transaction increases the active customer base of HIMS & HERS Health by approximately 50%. Constellation Energy – The energy giant’s shares rose 9% after Meta signed a 20-year agreement to buy nuclear power from constellation energy. Meta, which owns Facebook and Instagram, will purchase approximately 1.1 gigawatts of energy from the Clinton Clean Energy Center in Constellation, Illinois, starting in June 2027. The shares of energy stocks Vistra Energy and NRG Energy rose 5% and 2% in sympathy for the news, respectively. Bumble – Dating app inventory dropped by 6% to underweight from Neutral, a continuation of JPMorgan downgrade. JPMorgan said the stock is losing market share of its competitor hinge. Paramount – The Entertainment giant has appointed three new directors to the board and scheduled a shareholders meeting on July 2, according to the annual proxy issued Sunday. Paramount shares also slipped over 1% in talks to resolve President Donald Trump’s election interfest lawsuit against CBS News. Pinterest – Stocks won over 4%. The move came after JPMorgan upgraded its image sharing platform from neutral to overweight, with Pinterest saying its priorities have progressed, including adding users and improving monetization. JPMorgan hiked its price target from $35 to $40. CREDO Technology – High-speed connectivity product developer inventory jumped over 14% after seeing stronger demand than expected from HyperSchoola. Credo’s revenue has more than doubled, turning it into profits that exceeded expectations. The company expects revenues of between $185 million and $195 million in the first quarter. That’s better than the expected $162.4 million analyst. Block – FinTech stocks became more positive after Evercore ISI added over 3% after upgrading its stocks to outperform, and spoke to Block Management about various sources of funding across the lending portfolio. Parsons – Defense technology companies say it cut revenue outlook for fiscal 2025 and the State Department’s reorganization has added uncertainty surrounding confidential contracts. Stocks fell 2%. – CNBC’s Alex Hurling, Sarah Minh and Michelle Fox reported.
