Stocks - Apple, Broadcom, Barnes & Noble Rise Premarket; Beyond Meat Falls
Published Jun 11, 2019 08:12AM ET
Investing.com - Stocks in focus in premarket trading on Tuesday:
• Apple (NASDAQ:AAPL) stock rose 1.2% by 8:15 AM ET (12:15 GMT) after Bloomberg reported that its primary manufacturing partner in Taiwan has enough capacity to make all U.S.-bound iPhones outside of China, should U.S.-China trade tensions get out of hand.
• Tesla (NASDAQ:TSLA) stock gained 2.3% ahead of the electric car maker’s annual shareholder meeting at 5:30 PM ET (21:30 GMT).
•Intel (NASDAQ:INTC) stock inched up 0.9% after news that it is buying startup Barefoot Networks in a bid to compete with Broadcom (NASDAQ:AVGO) in Ethernet technology.
• Advanced Micro Devices (NASDAQ:AMD) stock jumped 2% adding to Monday's surge to a 13-year high after Microsoft (NASDAQ:MSFT) announced that its next generation of Xbox will run on AMD chips, rather than Nvidia's (NASDAQ:NVDA).
• Broadcom (NASDAQ:AVGO) stock jumped 3.5% after news that the chipmaker has entered into a two-year supply deal with Apple to provide radio-frequency, front-end component and modules for various Apple products.
• Beyond Meat (NASDAQ:BYND) stock slumped 10.4% after JP Morgan downgraded the stock to “neutral” from “overweight” as the stock is “beyond our price target” of $120, CNBC reported.
• Barnes & Noble (NYSE:BKS) stock rose 3.5% after the Wall Street Journal reported that book distributor Readerlink is working to outbid Elliot Management’s deal to acquire the company for $475 million in cash.
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.