Stock Movers: Verizon Lifts Guidance, Stellantis Misses, Domino's Delivers, Block Joins S&P 500

Verizon's Guidance Lift

• 📈 Verizon saw its share price rise nearly 2% in pre-market trading following a modest lift to its full-year guidance.
• 💰 The company narrowed its range for full-year adjusted EPS and increased its free cash flow, potentially fueled by favorable tax reform.
• 📊 Analysts anticipate subscriber numbers to be boosted by a recent promotional campaign.

Stellantis's Preliminary Loss

• 📉 Stellantis reported a preliminary first-half loss of $2.7 billion, significantly missing analyst expectations of a small profit.
• 🚗 Shares fell around 1.5% as the automaker grapples with trade war costs, restructuring expenses, and a steep drop in shipments, particularly in North America.
• 💡 The new CEO may be clearing out bad news to establish a lower base for future performance.

Domino's Pizza Earnings Delivery

• 🍕 Domino's stock surged over 6% after reporting second-quarter comparable sales growth that exceeded Wall Street expectations.
• 🌍 The company achieved decent growth in both domestic (3.4%) and international (2.4%) markets, marking a comeback after a slight sales decline in the first half of the year.

Block Joins S&P 500

• 🚀 Block is surging nearly 10% as it is set to join the S&P 500 index, replacing Hess Corp. which was delisted after its acquisition by Chevron.
• 💳 This inclusion underscores the growing influence of digital payments and crypto in mainstream finance and is expected to drive passive investment into Block's stock.