Stocks - Coca-Cola Gains in Premarket, Uber, Apple, Tesla Rebound

Stocks - Coca-Cola Gains in Premarket, Uber, Apple, Tesla Rebound  | May 14, 2019 13:46

Stocks - Coca-Cola Gains in Premarket, Uber, Apple, Tesla Rebound - Stocks in focus in premarket trade Tuesday:

• Coca-Cola (NYSE:KO) stock rose 1.1% by 8:09 AM ET (12:09 GMT) as Morgan Stanley upgraded the company from equal-weight to overweight and increased its price target by three dollars to $55, according to CNBC.

• Uber (NYSE:UBER) stock rebounded 2.4%, paring what had been a decline of nearly 18% since last Friday’s stock market debut. Referring to the disappointing performance, the company’s Chief Executive Dara Khosrowshahi warned that the company's stock could remain under pressure in the coming months.

• Tesla (NASDAQ:TSLA) stock advanced 1.3% after Electrek reported it has increased the price of all Model 3 variants by $400. The shares ended Monday off 5.2% on tariff worries.

• Apple (NASDAQ:AAPL) stock recovered 0.7% despite a U.S. Supreme Court decision to give the green light to an antitrust lawsuit accusing the company of forcing consumers to overpay for iPhone software applications. Tuesday’s gains came after a 5.8% decline in the prior session.

• Walmart (NYSE:WMT) stock rose 0.8% as the company offers one-day delivery without shipping fees in a move to step up competition with (NASDAQ:AMZN).

• Bayer (OTC:BAYRY) ADRs fell 1.6% after a California jury awarded $2.055 billion in damages to a couple who claimed their cancer had been caused by Roundup, the flagship weedkiller product owned by Monsanto (NYSE:MON), which it bought last year.

• Ralph Lauren (NYSE:RL) jumped 2.3% after quarterly earnings beat consensus on the top and bottom line.

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Paul Miall
Paul Miall

Yeah an all high as we were before rebound! :)  ... (Read More)

May 14, 2019 13:38 GMT· Reply
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