By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 4th. Please refresh for updates.
Apple (NASDAQ:AAPL) stock rose 0.4% the day after the iPhone maker became the first company to reach a market value of $3 trillion, taking just over one year to climb from $2 trillion as retail investors increasingly channeled money into the perceived safety of megacap names during the second year of the pandemic.
Tesla (NASDAQ:TSLA) stock rose 0.3% with the electric car manufacturer continuing to benefit from its strong fourth-quarter deliveries despite controversy over the opening of a showroom in the Chinese region of Xinjiang.
AT&T (NYSE:T) stock rose 0.6% and Verizon (NYSE:VZ) stock climbed 0.3% on hopes of an amicable settlement with U.S. authorities and airlines over the launch of new 5G services. United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL), JetBlue Airways (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL) and Southwest (NYSE:LUV) stock all gained over 1%.
Ford (NYSE:F) stock rose 1.8% after the auto giant said it will nearly double annual production capacity for its F-150 Lightning electric pickup to 150,000 vehicles.
General Electric (NYSE:GE) stock rose 1.2% after Credit Suisse upgraded its investment stance on the industrial conglomerate to "outperform" from "neutral", saying the stock can jump more than 25%.
Foot Locker (NYSE:FL) stock fell 4.1% after JPMorgan downgraded its stance on the sportswear retailer to "underweight" from "neutral", saying it is losing ground to its competitors.
Nvidia (NASDAQ:NVDA) stock rose 0.9% after TuSimple said it would use the company's chips to design and build an advanced autonomous driving computer for its self-driving trucks.
Warner Music (NASDAQ:WMG) stock fell 4.2% after the entertainment conglomerate announced an 8.6 million share sale by affiliates of stakeholder Access Industries.
- Coca-Cola (NYSE:KO) stock rose 0.9% after Guggenheim upgraded its stance on the soft drink giant to “buy” from “neutral”, citing a strong performance in emerging markets as well as a faster-than-expected recovery in sales in restaurants.