Stocks making the biggest premarket moves: Dollar General, Salesforce, Palantir and more

Check out the companies making the biggest moves before the bell:

Dollar General — The discount retailer tumbled 15.3% after reporting second-quarter earnings per share of $2.13, missing the StreetAccount consensus estimate of $2.47. Revenue also missed, coming in at $9.80 billion versus the $9.93 billion expected. Guidance for the second-quarter and full year also disappointed.

Campbell Soup — Shares added about 1% after the company reported revenue of $2.07 billion, beating the $2.06 billion expected from analysts polled by Refinitiv. Earnings were in line with expectations.

UBS — U.S.-listed shares of the Swiss bank popped nearly 5% after UBS reported a second-quarter profit of $28.88 billion, versus the projected net profit of $12.8 billion, according to a Reuters poll.

Shopify — The e-commerce platform rallied about 7% after its announcement late Wednesday that its merchants can use Amazon’s “Buy with Prime” option.

Palantir — Shares shed 3.6% in premarket trading after being downgraded by Morgan Stanley to underweight from equal weight. The Wall Street firm said investors are now looking for tangible revenue from the company’s generative artificial intelligence initiatives and may be disappointed. The stock has soared 154% this year.

Salesforce — The software company jumped 6.2% following its earnings beat after the bell Wednesday. Adjusted earnings per share came in at $2.12 for the second quarter, versus the consensus estimate of $1.90, per Refinitiv. Revenue was $8.60 billion, topping the $8.53 billion expected. Goldman Sachs subsequently hiked its price target by $15 to $340 a share, suggesting 58% upside.

Canopy Growth, Cronos Group, Tilray Brands — The cannabis stocks moved higher after the U.S. Department of Health and Human Services recommended reclassifying marijuana as a lower-risk drug. The reclassification could…