Lyft, DraftKings, DoorDash Rise Premarket; Warner Bros Discovery Falls

By Peter Nurse -- Stocks in focus in premarket trade on Friday, August 5th. Please refresh for updates.

  • Warner Bros Discovery (NASDAQ:WBD) stock fell 13% after the entertainment giant’s chief executive David Zaslav said it’s looking at the introduction of a free, ad-supported version of its streaming service, which could have negative implications for revenue and profit at the new spin-off.

  • Lyft (NASDAQ:LYFT) stock rose 8.7% after the ride-hailing firm forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter.

  • DraftKings (NASDAQ:DKNG) stock rose 9.7% after the gaming stock reported a narrower-than-expected loss while revenues exceeded forecasts. Massachusetts lawmakers recently approved sports betting in that state, making it just the latest state to expand the business.

  • DoorDash (NYSE:DASH) stock rose 11% after the food delivery firm raised its annual target for gross order value, a key industry metric, saying it does not expect a slowdown in demand despite decades-high inflation.

  • Cloudflare (NYSE:NET) stock soared 20% after the cybersecurity company hiked its revenue forecast for the full year on the back of impressive quarterly results.

  • Block (NYSE:SQ) stock fell 6.4% after the digital payments firm reported a loss in quarterly results on waning interest in cryptocurrencies.

  • Canopy Growth (NASDAQ:CGC) fell 6.9% after the cannabis producer reported a quarterly loss as a result of incurring an impairment charge of C$1.72 billion ($1.33 billion) related to its operations.

  • Sunrun (NASDAQ:RUN) stock rose 6.9% after Barclays initiated coverage of the solar energy provider with an ‘overweight’ rating, saying it could surge 45% if lawmakers approve a climate spending boost.

  • Twilio (NYSE:TWLO) stock fell 8.2% after Stifel downgraded the communications platform to ‘hold’ from ‘buy’, citing the company’s weak guidance.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network
  • London Office
    One Financial Markets 

    1 Finsbury Market
    EC2A 2BN
    United Kingdom

    T:  + 44 ( 0 ) 203 857 2000
  • Dubai Office
    One Financial Markets 
    OT19-39 Central Park Tower
    Dubai International Finance Centre
    United Arab Emirates
    T: + 00 971 44 22 888

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: