Apple, Ford Rise Premarket; Foot Locker, Warner Music Fall
Investing.com
Published Jan 04, 2022 07:58AM ET
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 4th. Please refresh for updates.
-
Apple (NASDAQ:AAPL) stock rose 0.4% the day after the iPhone maker became the first company to reach a market value of $3 trillion, taking just over one year to climb from $2 trillion as retail investors increasingly channeled money into the perceived safety of megacap names during the second year of the pandemic.
-
Tesla (NASDAQ:TSLA) stock rose 0.3% with the electric car manufacturer continuing to benefit from its strong fourth-quarter deliveries despite controversy over the opening of a showroom in the Chinese region of Xinjiang.
-
AT&T (NYSE:T) stock rose 0.6% and Verizon (NYSE:VZ) stock climbed 0.3% on hopes of an amicable settlement with U.S. authorities and airlines over the launch of new 5G services. United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL), JetBlue Airways (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL) and Southwest (NYSE:LUV) stock all gained over 1%.
-
Ford (NYSE:F) stock rose 1.8% after the auto giant said it will nearly double annual production capacity for its F-150 Lightning electric pickup to 150,000 vehicles.
-
General Electric (NYSE:GE) stock rose 1.2% after Credit Suisse upgraded its investment stance on the industrial conglomerate to "outperform" from "neutral", saying the stock can jump more than 25%.
-
Foot Locker (NYSE:FL) stock fell 4.1% after JPMorgan downgraded its stance on the sportswear retailer to "underweight" from "neutral", saying it is losing ground to its competitors.
-
Nvidia (NASDAQ:NVDA) stock rose 0.9% after TuSimple said it would use the company's chips to design and build an advanced autonomous driving computer for its self-driving trucks.
-
Warner Music (NASDAQ:WMG) stock fell 4.2% after the entertainment conglomerate announced an 8.6 million share sale by affiliates of stakeholder Access Industries.
- Coca-Cola (NYSE:KO) stock rose 0.9% after Guggenheim upgraded its stance on the soft drink giant to “buy” from “neutral”, citing a strong performance in emerging markets as well as a faster-than-expected recovery in sales in restaurants.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.