Investing.com - Stocks in focus in premarket trade Monday:
• Boeing (NYSE:BA) stock plunged 9.81% by 7:06 AM ET (12:06 GMT) after a 737 Max 8 plane operated by Ethiopian Airlines crashed shortly after taking off from the capital of Addis Ababa on Sunday, killing all 157 people on board. China and Indonesia, two of the largest markets for the airplane, have ordered all 737 Max 8s grounded for safety checks.
• Airline stocks are also suffering from the Boeing news, amid fears that a round of new safety checks could affect services. American Airlines was down 1.2%, JetBlue was down 1.7% and Southwest Airlines (NYSE:LUV) was down 2.3%. Delta and United Continental were both up around half a percent, however.
• Apple (NASDAQ:AAPL) stock rose 1.65% after Bank of America analysts upgraded their recommendation to buy, according to CNBC.
• Tesla (NASDAQ:TSLA) stock gained 0.83% after the company said it will raise prices on its high-end vehicles by about 3% and also trimmed its plan for store closures.
• Mellanox Technologies (NASDAQ:MLNX) stock surged 8.70% after Nvidia (NASDAQ:NVDA) announced plans to acquire the company for around $7 billion in cash. The deal is Nvidia's biggest ever and strengthens its data-center chip business, reducing its reliance on video games.
• Aurora Cannabis (NYSE:ACB) stock traded up 2.58% as the company announced that it would commence sale of its cannabis oils in German pharmacies after receiving regulatory approval from German and Canadian authorities.