Investing.com - Stocks in focus in premarket trade Tuesday:
• AIG (NYSE:AIG) stock jumped 4.7% by 7:58 AM ET (13:58 GMT) after the company reported first-quarter earnings that smashed consensus as it recorded its first underwriting profit since the financial crisis.
• Anheuser Busch Inbev (NYSE:BUD) stock fell 2.2% after reporting mixed results for the first quarter and confirming plans to sell part of its Asian operations to pay down debt. However, Tuesday was also when its shares went ex-dividend.
• Boeing (NYSE:BA) stock traded down 1.4%. Apart from the fact that shares are sensitive to tariffs, Barclays downgraded the company to equal weight from overweight. According to CNBC, these analysts believe that passengers will avoid flights in the 737 MAX models for longer than expected.
• Anadarko Petroleum (NYSE:APC) stock was little changed after the company declared Occidental Petroleum’s (NYSE:OXY) improved $38 billion acquisition offer to be “superior” to the one agreed to with Chevron (NYSE:CVX).
• Allergan (NYSE:AGN) stock lost 0.5% after the company’s net loss widened in the first quarter due to a $2.5 billion charge from the clinical failure of its depression treatment rapastinel. Excluding items, the company did however report better-than-expected first quarter earnings and lifted its full-year outlook.
• Tesla (NASDAQ:TSLA) stock edged forward 0.2% after it disclosed that Chief Executive Elon Musk spent approximately $25 million to increase his stake in the company to just under 20%.
• Papa John's (NASDAQ:PZZA) stock could see movement in the regular session after reports that its founder John Schnatter is in talks for a possible sale of his stake in the company. Papa John’s is scheduled to report quarterly earnings after the market close.
• Regeneron (NASDAQ:REGN) stock fell 4.1% after the company reported earnings per share dropped over 20% in the first quarter. Revenue also fell short of expectations.
• SolarEdge Technologies (NASDAQ:SEDG) soared 17.7% after the company reported first-quarter results that topped consensus and forecast better-than-expected revenue for the current quarter.