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Stocks - Morgan Stanley, CSX, Aurora Cannabis Slump in Premarket, PG&E Jumps

Published 01/17/2019, 08:18 AM
© Reuters.

Investing.com - Stocks in focus in premarket trade Thursday:

Morgan Stanley (NYSE:MS) stock slumped 4.14% by 8:11 AM ET (13:11 GMT) after the company reported fourth-quarter results that missed consensus on the top and bottom lines.

• Bank of America (NYSE:BAC) stock lost 0.53% after Financial Times reported that the company’s head of global investment banking, Diego De Giorgi, plans to step down.

• CSX (NASDAQ:CSX) stock fell 2.32% as the company lowered its forecast for revenue growth in 2019, even though fourth-quarter results topped consensus.

• Apple (NASDAQ:AAPL) stock dropped 0.50% after Bloomberg reported that the company will cut back on hiring for some divisions after selling fewer iPhones than expected.

Alcoa (NYSE:AA) stock traded down 1.31% after the company predicted that global demand for aluminum in 2019 would grow at the slowest pace in a decade.

• Tesla (NASDAQ:TSLA) stock slipped 0.17% as Chief Executive Elon Musk announced that the company’s customer referral program will end on Feb. 1, citing costs.

• PG&E (NYSE:PCG)stock traded up 5.97% as shareholder BlueMountain challenged the company’s decision to go bankrupt, saying the move was unnecessary.

• Aurora Cannabis (NYSE:ACB) stock tumbled 8.73% as the company announced plans to raise $250 million in convertible debt for Canadian and international expansion.

Kinder Morgan (NYSE:KMI) stock fell 0.69% after fourth-quarter results missed analysts' expectations on the top and bottom lines.

• Cars.com (NYSE:CARS) stock jumped 7.73% after the company announced that it was exploring alternative strategies including the potential sale of the company.

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Latest comments

Always gloom and doom. Bottom line is the US economy is cranking and the rest of thr world with their socialism or communism is tanking.
amen
gloomy outlook for today and yet futures just slightly lower
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