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