Investing.com - Stocks in focus in pre-market trade Friday:
• General Electric (GE) stock edged forward 0.2% by 8:11AM ET (12:11GMT) despite a suggestion from Goldman Sachs that the firm should suspend its dividend for 18 months as part of its plans to improve its balance sheet.
• Disney (DIS) stock edged forward 0.1% as an SEC filing showed the entertainment giant was prepared to divest businesses generating as much as $1 billion in earnings before interest, taxes, depreciation and amortization.
• General Motors (GM) stock gained 0.9% as it announced that it would go ahead with plans to produce its Chevy Blazer in Mexico.
• UPS (UPS) gained 1.0% as it announced it had reached a deal with the Teamsters union.
• CarMax (KMX) stock jumped 4.2% after it reported first quarter revenue and profit that topped consensus.
• Blackberry (BB) stock gained 2.0% after first quarter results beat on both the top and bottom line.
• Tesla (TSLA) stock was little changed after it announced it was closing a dozen solar facilities in nine U.S. states.
• Red Hat (RHT) stock tumbled 13.8% after it forecast sales of $3.38-$3.41 billion for fiscal year 2019, compared to expectations for $3.45 billion.
• Tandem Diabetes Care (TNDM) stock skyrocketed 16.7% as it received FDA approval for its new insulin pump T:slim X2.
• Williams Scotsman (WSC) stock soared 16.1% after announcing that it would acquire Modular Space Holdings for approximately $1.1 billion.
• The Hain Celestial Group (HAIN) stock traded up 7.1% on a New York Post report that Pilgrims Pride (PPC) will bid for its protein business.