Stocks making the biggest moves premarket: American Express, Verizon, Twitter and more

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Check out the companies making headlines before the bell:

American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment.

Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted quarterly earnings fell short of estimates and the company cut its full-year forecast. Verizon is seeing its phone subscriber growth impacted by higher prices.

Twitter (TWTR) – The social media stock fell 2% in premarket trading after the company reported disappointing second-quarter results. Twitter posted a loss of 8 cents, compared to an expected earnings of 14 cents, according to Refinitiv. Its revenue slid 1% year-over-year to $1.18 billion, which fell short of analysts' projected $1.32 billion. Twitter partially blamed the revenue drop on ad industry headwinds tied to the broader macro environment, as well as uncertainty related to the pending take-over deal by Elon Musk.

Schlumberger (SLB) – The oilfield services company reported better-than-expected profit and revenue for the second quarter and raised its full-year outlook. Schlumberger is benefiting from increased demand for its services amid higher oil prices. Its stock added 2.3% in premarket trading.

HCA Healthcare (HCA) – HCA surged 11.4% in the premarket after beating top and bottom line estimates for its latest quarter. The hospital operator's better-than-expected results came despite labor market and inflation challenges.

Cleveland-Cliffs (CLF) – The mining company's stock slid 5.3% in premarket action after its latest quarterly earnings fell short of Street forecasts, though revenue beat