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Tesla, Oracle Fall Premarket; Amazon Rises

Published 09/22/2020, 08:06 AM
Updated 09/22/2020, 08:07 AM
© Reuters.

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, September 22nd. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock fell 4.6% after CEO Elon Musk said in a tweet that what the electric car-maker unveils at its “Battery Day” event would not reach “serious high-volume production” until 2022. 

  • Oracle (NYSE:ORCL) stock fell 1.5% after China’s state-backed Global Times newspaper stated in an editorial that Beijing is unlikely to approve their deal with ByteDance over the future of video-streaming app TikTok.

  • Intel (NASDAQ:INTC) stock rose 0.3% after the tech giant announced it has received licenses from U.S. authorities to continue supplying certain products to Huawei Technologies despite new curbs aimed at squeezing out the Chinese company.

  • Walt Disney (NYSE:DIS) stock rose 0.3% after extending the opening hours for all four Walt Disney World theme parks in Florida this weekend. The Hong Kong Disneyland site is also set to reopen to a limited audience on Friday.

  • Comcast (NASDAQ:CMCSA) stock fell 0.2% after hedge fund Trian Fund Management took a stake in the cable giant, buying 7.16 million class A common shares, a regulatory filing showed.

  • Tiffany (NYSE:TIF) stock rose 0.7% after a U.S. court set a January date for its lawsuit against LVMH (OTC:LVMUY) for trying to back out of its $16 billion deal to acquire the jeweler.

  • Nikola (NASDAQ:NKLA) stock fell 2.3%, continuing its move lower after slumping 19% Monday on the departure of founder Trevor Milton. Deutsche Bank (DE:DBKGn) has slashed its price target to $29 from $50.

  • Coca-Cola (NYSE:KO) stock fell 0.2% after CEO James Quincey said that the drinks giant aims to release its first hard seltzer, a growing market, in the U.S. in the first half of 2021.

  • Amazon (NASDAQ:AMZN) stock rose 1.8% after Bernstein upgraded its investment recommendation to outperform, saying the recent pullback in the stock creates an attractive “entry point”

  • AutoZone (NYSE:AZO) stock rose 3.7% after the auto parts retailer reported fiscal fourth-quarter profit and sales that rose well above expectations.
  • Carvana (NYSE:CVNA) stock rose 13% after the online car buying financing company said it expects to achieve records in revenue, retail units sold and gross profit per unit in the third quarter.

Latest comments

Bad article. Tesla didn't fall premarket, it rose. It dropped 8% in aftermarket YESTERDAY. After that it recovered a bit and finished the day with -4%.
United States of Amazon
... “culture eats strategy for breakfast” - Peter Drucker ... $TSLA #LootWallStreet
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