By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 12th. Please refresh for updates.
Walmart (NYSE:WMT) stock rose 1.3% after the world’s biggest retailer said on Monday it entered a strategic partnership with investment firm Ribbit Capital to create a new fintech startup.
Ford (NYSE:F) stock rose 0.1% after the car manufacturer said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion, adding the Covid-19 pandemic amplified the company's under use of its manufacturing capacity.
Amazon (NASDAQ:AMZN) stock rose 0.4%, rebounding after Monday’s losses, despite right-wing social media site Parler saying it will sue the e-commerce giant for refusing to host its service with its Cloud unit AWS. Amazon said it is also working to remove QAnon-themed products from its online marketplace.
Zoom Video Communications (NASDAQ:ZM) stock fell 2.3% after the communications company announced it was offering $1.5 billion shares in an underwritten offering.
Cantel (NYSE:CMD) stock rose 2.8% after the Wall Street Journal reported that the medical device maker was in talks with rival Steris (NYSE:STE) about a possible merger.
Lemonade (NYSE:LMND) stock fell 7.7% after the online insurance provider announced a 3 million share secondary stock offering.
Tencent Music Entertainment (NYSE:TME) stock rose 7.2% after a report said the Chinese music platform is in talks with banks for a secondary Hong Kong listing as it seeks to raise up to $3.5 billion.
Albertsons (NYSE:ACI) stock rose 4.2% after the retailer beat expectations with its third-quarter earnings and raised its full-year guidance.
Synchrony (NYSE:SYF) stock rose 0.2% after the card lender announced that CEO Margaret Keane will step down, with president Brian Doubles taking over as chief executive.