Today's Morning Movers and Top Ratings | HD, GM, SBUX, ONON and More

$Buzzfeed (BZFD.US)$ stock surged 17.8% after the digital media company reported a reduction in its net loss to $6.6 million in the second quarter, down from $22.5 million in the same period the previous year.

Shares of $Starbucks (SBUX.US)$ surged over 10.7% in premarket trading following the announcement that the coffee chain has appointed Brian Niccol, CEO of Chipotle, as its new chief executive, succeeding Laxman Narasimhan.

$Home Depot (HD.US)$ stock fell 1.5% after the home improvement retailer revised its full-year forecast downward, pointing to a decrease in consumer demand for home improvement projects.

$General Motors (GM.US)$ stock declined by 0.4% amid a recall of 21,469 electric SUVs in the U.S. due to potential issues with the anti-lock brake system unexpectedly activating. The company plans to address the problem with an over-the-air update, as stated by the National Highway Traffic Safety Administration.

$On Holding (ONON.US)$ stock tumbled 5.7% as the footwear company simply reaffirmed its annual sales outlook despite surpassing revenue estimates for the second quarter, driven by strong customer demand for products associated with tennis legend Roger Federer.

$B. Riley Financial (RILY.US)$ stock plummeted 7.4% after the firm announced a delay in filing its quarterly report with the U.S. Securities and Exchange Commission, exacerbating a steep decline on the back of anticipated second-quarter losses.

$Tencent Music (TME.US)$ stock decreased by 8.7% following the company's report of a decline in quarterly revenue, even though it was somewhat offset by a growth in paying subscribers for its music streaming services.