By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Tuesday, June 2nd. Please refresh for updates.
- Apple (NASDAQ:AAPL) stock was down 0.3% after the company slashed prices for its new iPhone models in China to sustain sales momentum.
- The move, evidenced by aggressive discounting on the country’s biggest e-commerce platforms, suggests that consumer demand is still struggling to recover despite the easing of lockdown restrictions since the pandemic eased.
- Starbucks (NASDAQ:SBUX) stock fell 0.7% after reports saying that it is asking its workers to choose between reduced hours and unpaid leave, against a background of forecasts for only a slow recovery in the second half of the year.
- Zoom Video (NASDAQ:ZM) stock rose another 3.4% after breaking out 14% to a new record high on assumptions that the boom in remote working is going to be a long-term thing.
- Zoom reports quarterly earnings after the close on Tuesday.
- Harley-Davidson (NYSE:HOG) stock rose 3.0% after the company said it had completed a raft of refinancing measures that ease its near-term debt concerns.
- Tesla (NASDAQ:TSLA) stock was down 0.6%, consolidating after Monday's surge on the back of the SpaceX/NASA mission that some analysts said would enhance Tesla founder Elon Musk's reputation for delivering on ambitious and challenging targets.
- Dick’s Sporting Goods (NYSE:DKS)stock rose 5.2% despite a 30% slump in same-store sales in quarterly results reported earlier. The blow was cushioned by a more than 100% rise in online sales, led by workout gear and weights as locked-down consumers prepared to replicate their fitness routines at home
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