Investing.com - Stocks in focus in premarket trading on Tuesday:
• Uber (NYSE:UBER) stock rose 2.6% by 8:15 AM ET (12:15 GMT) as analysts previously gagged by industry practice since its IPO initiated coverage of the ride-sharing company. Recommendations from Deutsche Bank (DE:DE:DBKGn), Bank of America (NYSE:BAC) and others were mostly at ‘outperform’ or ‘buy’, according to CNBC.
• Tiffany & Co (NYSE:NYSE:TIF) stock declined 2.8% after same-store sales fell by 5% in the first quarter due to lower spending by tourists, the company said.
• Box (NYSE:BOX) stock slumped 16% after its outlook for the year disappointed. The cloud software company reported a loss of $0.03 per share on revenue of $162.9 million, which was better than expected.
• Fiat Chrysler (NYSE:FCAU) stock gained 3.7% ahead of a board meeting at French automaker Renault (PA:PA:RENA) to discuss the U.S.-Italian group’s merger bid. Two board members who represent Renault’s strategic partner Nissan are expected to abstain on any vote, removing one possible obstacle to the deal.
• Navistar (NYSE:NAV) was flat after raising its full-year guidance, despite second-quarter results that were worse than expected, with a net loss of $48 million, or $0.48 per diluted share.