By Daniel Shvartsman
Investing.com -- Stocks in focus in pre-market trade on Monday, January 3rd. Prices as of 8:30am ET, please refresh to see updated pricing.
- Tesla (NASDAQ:TSLA) is up 6.8% pre-market after posting a "jaw dropping" beat of Q4 delivery numbers. Nio (NYSE:NIO) (4.5%), Li Auto (NASDAQ:LI) (3.4%), and Xpeng (NYSE:XPEV) (2.5%) are all trading higher on their Q4 delivery numbers as electric vehicle growth remained elevated to finish 2021.
- Ford Motor Company (NYSE:F) is up 1.4% amidst general auto sector bullishness, with both the electric vehicle news and Hyundai's forecast of 12.1% 2021 growth driving excitement.
- Ross Stores (NASDAQ:ROST) traded 1.1% lower after getting tagged with an analyst downgrade.
- Armstrong Flooring (NYSE:AFI) jumped 37% on news the flooring firm would explore a sale and had secured a new loan.
- Applied Therapeutics Inc (NASDAQ:APLT) plunged 27% after announcing that they would hold on filing an NDA for its drug AT-007, based on guidance from the FDA.
- Boeing (NYSE:BA) rose 1% pre-market with an announcement from jet engine maker Safran (PA:SAF) that they would hire 12,000 employees this year as they feel "the worst is behind" the travel and airplane sector.
- PayPal Holdings (NASDAQ:PYPL) rose 1.9% after getting an analyst upgrade from BMO based on valuation, after the payments company finished 2021 among the biggest Nasdaq losers, down 19%.
- CNH Industrial (NYSE:CNHI) dropped 12.7% as it completed the spin-off of Iveco Group (BIT:IVG), its former truck powertrain division. On an adjusted basis, its Milan shares (MI:CNHI) are down .1%. Iveco is down 11% in trading on the Milan exchange.
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