Daily stock watch: How investors are reacting to Tesla, Alphabet, and IBM's Q2 earnings

Tesla was down about 6% before the opening bell on Thursday.Hector Retamal/AFP via Getty ImagesTesla shares fell 6% in pre-trading after reporting a 12% revenue drop in second-quarter results.The stock rose slightly before the closing bell, before retreating on Thursday.Alphabet, Chipotle, IBM, and Hims & Hers Health also saw notable premarket moves.Tesla's, Alphabet's, and IBM's second-quarter earnings are on investors' minds this morning. Hims & Hers Health and Chipotle are also getting attention.This is where they were trading premarket at 7 a.m. ET Thursday.1. TeslaThe move: Elon Musk's EV maker is down about 6% to $313.44 a share after rising slightly over 0.1% on Wednesday.Why: Tesla reported disappointing second-quarter results before the closing bell on Wednesday, with revenue dropping 12% year-on-year — the biggest fall in a decade. Shares rose after the past two earnings reports, despite also being weak.2. AlphabetThe move: Alphabet's stock jumped 3% to $197.43 per share following a loss of 0.6% on Wednesday.Why: Google's parent company posted better-than-expected second-quarter earnings on Wednesday. Its share price faltered at first on the news that the company's capital expenditure would increase by $10 billion this year. But advertising revenue was up 10% year-on-year, driven by AI.3. ChipotleThe move: Chipotle declined almost 11% to $47.13 a share. It was up about 0.8% on Wednesday.Why: The fast food chain cut its forecast for same-store sales in 2025 on Wednesday before the closing bell, saying it now expects these to be flat.4. IBMThe move: The tech giant fell over 5% to $267.12 a share after gaining 0.02% on Wednesday.Why: Second-quarter earnings showed 5% revenue growth in constant currency year-on-year, but software revenue fell 0.5% short of predictions. IBM stuck to its previous revenue outlook of a 5% increase in constant currency for the whole year.5. Hims & Hers HealthThe move: Hims & Hers fell 2% to $56.88 a share after climbing 16% on Wednesday.Why: The telehealth company has soared since chatter increased across X about its potential as a disruptor in the healthcare industry. Revenue grew 111% in the first quarter year-on-year. It reports its second-quarter results in early August.Read the original article on Business Insider

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