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Stocks - Boeing, Goldman Sachs, Alibaba Fall Premarket

Stock MarketsNov 11, 2019 08:24AM ET
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Investing.com - Stocks in focus in premarket trading on Monday:

• Boeing (NYSE:BA) stock was down 0.7% in premarket trade by 8:20 AM ET (11:20 GMT) after American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV) reported that their Boeing 737 Max jets have been taken off the flight schedule until early March.

• Goldman Sachs (NYSE:GS) stock slipped 0.8% as it faced a gender discrimination probe by the New York Department of Financial Services into its credit card practices, caused by a series of tweets from the creator of web application framework Ruby on Rails. David Heinemeier Hansson claims Goldman Sachs approved an Apple (NASDAQ:AAPL) Card with 20 times the credit limit of his wife, despite his wife having a better credit score.

Alibaba (NYSE:BABA) stock inched down 0.6% even after it posted a record $31 billion in sales for its 11th annual Singles' Day event. Still, year-on-year growth slowed from last year.

• GW Pharmaceuticals (NASDAQ:GWPH) stock inched up 0.5% after two of the company’s cannabis-based medications were recommended for use by the U.K.’s NHS for the first time.

• Tesla (NASDAQ:TSLA) stock rose 1% after its price target was raised by Jefferies to $400 per share from $300 a share, with the bank's analysts taking a bright view of the company's margin outlook, according to CNBC.

• Amazon.com (NASDAQ:AMZN) stock fell 0.3% after reports that Kindle pioneer Steve Kessel is leaving the online retailer after 20 years. Kessel is currently responsible for some of Amazon's most high-profile projects, including the Amazon Go cashierless convenience stores venture, the quick-delivery Prime Now program and the Whole Foods Market chain that Amazon bought two years ago.

Stocks - Boeing, Goldman Sachs, Alibaba Fall Premarket
 

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Don Beckham
Don Beckham Nov 11, 2019 9:45AM ET
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Credit is not all about a score. The most important fact in a credit decision is the ability to repay. If he had a credit score of 750 and income of $150K/yr (cash flow) with low debt to income ratios, he would be approved. If she had a credit score of 850, which is perfect, but $0 income (no cash flow), she would be denied or given a very low line of credit.
Donald Johnson
Donald Johnson Nov 11, 2019 9:45AM ET
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take for example a credit score of 600-625, student loan debt(disputable)along with a few loans fromfinance company which amount to under 1000. With no credit history and a cash flow of over 4 grand a month. How does someone get denied a credit card?
 
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