By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, March 8th. Please refresh for updates.
General Electric (NYSE:GE) stock rose 2.5% after The Wall Street Journal reported that the conglomerate is near to signing a deal, worth more than $30 billion, to combine its jet leasing unit with Irish-domiciled AerCap (NYSE:AER).
Microsoft (NASDAQ:MSFT) stock fell 1.2% with more than 20,000 U.S. organizations potentially compromised after a hack of the software giant’s Outlook email program.
Walt Disney (NYSE:DIS) stock rose 1.5% after California eased Covid-19 restrictions on businesses, paving the way for Disneyland to reopen on a limited basis in April.
Amazon (NASDAQ:AMZN) stock fell 1.4% with the tech sector under pressure as Treasury yields rise. Additionally, Deliveroo, the Amazon-backed food delivery service, recorded a loss of over $300 million last year while announcing plans to float on the London Stock Exchange.
Tesla (NASDAQ:TSLA) stock fell 2.8% following weakness in the tech sector, while Bloomberg reported the CEO of the electric car manufacturer Elon Musk is backing a large-scale battery storage project aimed at improving grid-reliability in Texas.
McAfee (NASDAQ:MCFE) stock rose 11% after the cybersecurity company said it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash.
GameStop (NYSE:GME) stock rose 11% after Bloomberg reported that the company has tapped shareholder Ryan Cohen to lead a shift towards e-commerce.
Apollo Global (NYSE:APO) stock rose 4.9% after news the private equity firm will merge with retirement services company Athene (NYSE:ATH), up 17%, in an all-stock transaction that values Athene at about $11 billion.
Adaptive Biotechnologies (NASDAQ:ADPT) stock rose 9.2% after the company received emergency use authorization from the FDA for its test which confirms a recent or prior Covid-19 infection in patients.
- Xpeng (NYSE:XPEV) stock rose 4% after the Chinese electric-car maker reported a sharp rise in revenue for its fourth quarter even as it detailed a larger loss than expected.