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Stocks: Papa John's Soars in Premarket; J&J, Comcast, Zynga All Rise

Investing.com - Stocks in focus in premarket trading on Tuesday:

Papa John's (NASDAQ:PZZA) stock jumped 6.8% in premarket trade by 8:40 AM ET (12:40 GMT) after it named Arby’s President Rob Lynch as its new president and CEO. He replaces Steve Ritchie, who took over as CEO last year after founder John Schnatter stepped down.

Johnson&Johnson (NYSE:JNJ) stock rose 1.2% in premarket trade after a court imposed a much lower fine than expected at the end of a trial centering on its role in the opioid crisis. An Oklahoma court ordered the company to pay $572.1 million in damages on allegations that it contributed to the epidemic.

Boeing (NYSE:BA) stock was up 0.4% on news that a unit of Russian conglomerate Rostec is willing to settle out of court to resolve a dispute over an order for 35 of the airplane maker’s 737 MAX jets.

Comcast (NASDAQ:CMCSA) stock gained 1.2% after Wells Fargo (NYSE:WFC) resumed coverage with an “outperform” rating, with analysts citing it as having more sources of value than other cable companies, according to CNBC.

Zynga (NASDAQ:ZNGA) stock was up 2.9% after Wedbush added the gaming company to its “Best Ideas” list.

Taiwan Semiconductor Manufacturing (NYSE:TSM) ADRs were up 1.2%, shrugging off a lawsuit from Global Foundries alleging various patent infringements. The suit aims to block the import of Apple (NASDAQ:AAPL) smartphones and other products into the U.S. and Germany.

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