Investing.com - Stocks in focus in premarket trade Tuesday:
• Johnson & Johnson (NYSE:JNJ) stock fell 1.60% by 8:06 AM ET (13:06 GMT) after the company forecast worse-than-expected revenue for 2019.
• Tesla (NASDAQ:TSLA) stock rose 1.02% after its Model 3 received European approval ahead of an expected release date in the region next month. Separately, the company said it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory although no deal had been signed.
• Travelers (NYSE:TRV) stock edged forward 0.03% after the company reported mixed results for the fourth quarter.
• Halliburton (NYSE:HAL) stock lost 0.78% as quarterly revenue from North America declined even though fourth-quarter earnings and revenue topped analysts’ estimates.
• Mastercard (NYSE:MA) stock fell 1.68% after the European Commission fined the company nearly $650 million on the grounds that it had artificially raised the costs of card payments by limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
• Stanley Black & Decker (NYSE:SWK) stock sank 6.78% after the company forecast adjusted earnings per share for 2019 that missed consensus. Its fourth-quarter results beat on the top and bottom lines.
• FedEx (NYSE:FDX) stock dropped 0.51% after the company announced that it had begun offering buyouts to its employees in the U.S. and expects the program to cost between $450 million and $575 million before taxes.
• Snap (NYSE:SNAP) stock slumped 2.10% after The Wall Street Journal reported that the company pushed out two senior executives following an investigation that found that one of them had allegedly engaged in an inappropriate relationship with an outside contractor.
• Tilray (NASDAQ:TLRY) stock traded up 1.94% after the company announced its acquisition of Natura Naturals Holdings in a deal valued at up to C$70 million ($52.5 million).
• NN (NASDAQ:NNBR) stock could see upside in the regular session after an SEC filing showed that Legion Partners Asset Management had a 6.53% stake in the company.