Trump Media rose in premarket trading on Tuesday after the company announced it had accumulated $2 billion in bitcoin and related assets.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Verizon Communications Inc. VZ reported better-than-expected second-quarter financial results and raised guidance on Monday. Verizon posted adjusted earnings of $1.22 per share, beating market estimates of $1.

Verizon's Q2 results beat expectations across key metrics, confirming growth momentum and effective execution of management's strategic initiatives. Learn more on VZ stock here.

Verizon has leaned on bundled offerings and price-lock deals to compete with rivals including AT&T (NYSE:T), T-Mobile US (NASDAQ:TMUS), Comcast (NASDAQ:CMCSA), and Charter Communications (NASDAQ:CHTR).

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Verizon reported strong second-quarter results. The company is producing meaningful excess free cash flow after paying dividends. It expects to produce even more excess free cash flow in the second half of this year and beyond.

The latest batch of robust earnings results from major companies helped lift stocks, with the S&P 500 and Nasdaq Composite reaching new highs.