Premarket movers: Mag 7 stocks are all lower (Alphabet -0.7%, Meta -0.7%, Amazon -0.6%, Microsoft -0.4%, Nvidia -0.4%, Tesla and Apple little changed) Fertilizer, energy and chemical stocks climb as the war in Iran and disruptions to the Strait of Hormuz tighten supply, raising prices, while airlines and cruise stocks are down as higher crude prices lift costs. Blue Owl Capital Inc. (OWL) falls 3% after the asset manager defended its recent sale of $1.4 billion of loans from three of its funds, arguing the transaction contained no backstops or hidden incentives. Bumble (BMBL) rises 24% after the online dating company forecast Ebitda for the first quarter that beat expectations. Analysts noted that focus now shifts to upcoming product overhaul planned for later in the year. Hims & Hers Health (HIMS) rises 5% after rallying 10% on Wednesday. The stock is set to extend its advance for a fourth straight session. Lightwave Logic (LWLG) climbs 16% after the company announced a development agreement with Tower Semiconductor. Petco (WOOF) rises 10% as the pet health and wellness company’s adjusted Ebitda forecast for the first quarter beat the average analyst estimate. Jefferies upgrades its rating, noting that investors underappreciate the progress made thus far. UiPath (PATH) falls 6% after the software company reported fourth-quarter results. Bloomberg Intelligence writes that growth concerns persist despite a strong quarter.(zerohedge)