Investing.com - Stocks in focus in premarket trading on Monday:
•Walt Disney Company (NYSE:DIS) stock was up 0.4% in premarket trade by 8:20 AM ET (13:20 GMT) after its “Frozen 2” movie set a Thanksgiving weekend record for ticket sales, taking in $123.7 million in North America. It's now taken nearly $739 million in two weeks since opening.
• Roku (NASDAQ:ROKU) stock slumped 7.2% after Morgan Stanley (NYSE:MS) downgraded the video streaming device maker to “underweight” from “equal-weight” citing possible slowing growth in 2020. The shares have more than quadrupled this year as the offering of streaming services has proliferated.
• Fiat Chrysler (NYSE:FCAU) stock inched up 0.3% after reaching a tentative four-year deal with the United Auto Workers union.
• Wells Fargo &Company (NYSE:WFC) stock was flat after it was downgraded to “underperform” from “market perform” at Raymond James, citing expectations that its revenue will shrink in 2020.
• Retail stocks continued to be in focus, as Cyber Monday rounds off the first wave of holiday season promotions. Amazon.com (NASDAQ:AMZN) gained 0.3%.