Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Tesla, UPS Rise Premarket; Oracle Falls

Published 18/09/2020, 13:11
Updated 18/09/2020, 13:12
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, September 18th. Please refresh for updates.

  • Oracle (NYSE:ORCL) stock fell 1.4% after the U.S. Commerce Department announced it would ban U.S. business transactions with social apps WeChat and TikTok on Sunday. Oracle is seeking to become a technology partner in ByteDance’s TikTok app.

  • Tesla (NASDAQ:TSLA) stock rose 4.4% after receiving a couple of price target upgrades ahead of its "Battery Day" event next week.

  • Apple (NASDAQ:AAPL) stock fell 0.1% with the tech giant set to launch its first online store in India next week, coinciding with the country's holiday season that brings some of the biggest sales for retailers every year.

  • Facebook (NASDAQ:FB) stock rose 1.6%, as a rival of Tik Tok, benefiting from the news that U.S. business transactions will be banned for the popular app from the weekend.
  • Snowflake (NYSE:SNOW) stock rose 2.2%, continuing its volatile trading after its highly successful listing.

  • United Parcel Service (NYSE:UPS) stock rose 0.9% after announcing it was offering buyouts to some employees, aiming to cut costs. The WSJ had earlier reported the workers would leave in two phases - by the end of 2020 and mid-2021. 

  • Delta Air Lines (NYSE:DAL) stock fell 0.4% with Reuters reporting that the airline has reached a tentative agreement with the pilots union to reduce the number of furloughs, bringing the new total number of job reductions to 1,721.

  • Dave & Buster’s (NASDAQ:PLAY) stock rose 7.7%, rebounding after sharp losses the previous session after investors worried about possible bankruptcy. However, analysts said that was an overreaction, and the losses represented a buying opportunity. 

  • Lowe’s Companies (NYSE:LOW) stock fell 1% after being downgraded to ‘perform’ by Oppenheimer, cutting its price target by $5 to $180.

  • Salesforce (NYSE:CRM) stock rose 0.6% after CEO Marc Benioff announced, in a tweet, that the company will create 12,000 jobs over the next year, including 4,000 positions in the coming six months.

 

Latest comments

Install Our App
Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.