Investing.com - Stocks in focus in pre-market trade Monday:
• JD.com (JD) stock jumped 5.9% by 8:40 AM ET (12:40 GMT) as Google said it would invest $550 million in the second largest Chinese e-commerce firm. In exchange, the American tech giant will receive 27 million newly issued JD.com Class A ordinary shares. Google-parent Alphabet (GOOGL) stock was off 0.7%.
• Intel (INTC) stock fell 2.0% as Northland Capital Markets downgraded its recommendation to underperform from market perform with a stock price target of $45.
• Tesla (TSLA) stock lost 0.6% amid news that it was investigating a report of one its Model S catching fire over the weekend in Los Angeles. Tesla was also in the headlines over the weekend as Chief Executive Elon Musk called for "radical improvements" as the company works to hit a production rate of 5,000 cars per week by the end of the month.
• General Electric (GE) stock dropped 0.5% as a spokesman for the French government suggested on Sunday that the blue-chip firm should be fined if it does not create as many jobs as it promised when it acquired Alstom (ALSO) in 2015. GE had committed to creating 1,000 jobs at the subsidiary but had only reached 323 by the end of April and said last week that the goal was out of reach.