By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, October 7th. Please refresh for updates.
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Levi Strauss (NYSE:LEVI) stock rose 13% after the clothes retailer reported online sales growth of 52%, including gaining market share in the key women’s apparel category.
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DraftKings (NASDAQ:DKNG) stock fell 7.8% after the sports betting company‘s secondary stock offering was priced at $52 per share. That compares to Tuesday’s closing price of $56.78.
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Macy’s (NYSE:M) stock rose 2.2% after the department store announced plans to partner with DoorDash to offer same-day and next-day delivery.
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McDonald’s (NYSE:MCD) stock rose 0.7% after the fast food giant announced plans to add baked goods to its permanent menu for the first time in more than eight years to try and revive its breakfast sales.
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Tesla (NASDAQ:TSLA) stock rose 1.4% despite announcing Tuesday that an employee was fired last month after he 'maliciously sabotaged' a part of a factory in California.
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Apple (NASDAQ:AAPL) stock rose 1.1% after the iPhone maker announced that its next hardware event will be on Oct. 13, which is likely to see the delayed announcement of the 5G iPhone 12.
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American Airlines (NASDAQ:AAL) stock rose 3.7%, United Airlines (NASDAQ:UAL) rose 4.2% and Delta Air Lines (NYSE:DAL) climbed 3.3% after President Trump tweeted his support for a $25 billion industry bailout.
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Amazon (NASDAQ:AMZN) stock rose 1.1% after Benchmark lifted its price target to $3,800 from $3,675, with a buy rating, saying the recent pull back creates “an excellent entry point into what we believe is still a multiyear story."
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Boeing (NYSE:BA) stock rose 2% after the Federal Aviation Administration issued new proposed training procedures for Boeing’s grounded 737 Max jet, a key step in the jet’s return to service.