Investing.com - Stocks in focus in pre-market trade Monday:
• SodaStream (NASDAQ:SODA) stock jumped 10.20% by 8:11 AM ET (12:11 GMT) as PepsiCo announced it will pay $144 to acquire the company in a deal valued at $3.2 billion. PepsiCo (NASDAQ:PEP) stock gained 0.39%.
• Tesla (NASDAQ:TSLA) stock tanked 6.41% as chief executive Elon Musk rebutted a post from digital-media mogul Arianna Huffington suggesting that he should take time off. Musk insisted that it is not an option. In a separate YouTube interview, Musk said that Tesla could possibly begin producing a $25,000 car in the next three years.
• Apple (NASDAQ:AAPL) stock rose 0.23% while announcing that it has pulled illegal lottery apps from its App Store in China amid tightening regulation and a barrage of criticism from state media.
• Estee Lauder (NYSE:EL) stock lost 0.69% as the company projected fiscal 2019 diluted earnings per share, excluding extraordinary items, of $4.62 to $4.71, compared to consensus estimate of $4.99.
• Twitter (NYSE:TWTR) stock edged forward 0.37% as chief executive Jack Dorsey admitted to CNN that has not been transparent enough about his goals for the company, even as it reviews its policies on disciplining users for violating the platform's rules. The interview came after Twitter’s controversial banning of Infowars’ Alex Jones’ account.
• Netflix (NASDAQ:NFLX) stock inched down 0.13% as Ars Technica reported that the company was testing video ads for other of its shows in between episodes.
• Walmart (NYSE:WMT) stock dipped 0.36% as Bloomberg reported that the retail giant was asking cosmetic suppliers to consider sourcing outside of China in an attempt to avoid U.S. tariffs on the world’s second-largest economy.