U.S. Markets close in 2 hrs 22 mins

Stocks - Tesla, Crowdstrike Rise Premarket; Uber, Zoom Video Fall

Investing.com -- Stocks in focus in premarket trade on Friday, 6th December.

Tesla (NASDAQ:TSLA) stock was up 1.6% on a report that its cars had been approved for government subsidies in China, the world’s largest market for electric vehicles.

Uber (NYSE:UBER) stock fell 1.2% after the company released a report documenting 515 rapes or attempted rapes on its passengers by drivers in the U.S. last year. The report detailed nearly 6,000 cases of sexual abuse by drivers over 2017 and 2018.

Zoom Video (NASDAQ:ZM) stock fell 9.1% after its outlook for 2020 failed to impress, despite the company posting better-than-expected quarterly numbers late on Thursday.

Crowdstrike (NASDAQ:CRWD) stock was up 2.2% after beating expectations for revenue and earnings after the bell on Thursday.

General Motors (NYSE:GM) was down 0.3%, seemingly unmoved by news of a $2.3 billion joint venture with LG Chem to build a new battery plant for electric cars in Ohio.

American Outdoor Brands (NASDAQ:AOBC) stock rose 4.4% after raising its full-year outlook, saying that demand for its Smith & Wesson firearms was stabilizing. Quarterly revenues also came in ahead of expectations.

Related Articles

Trade war goes digital: countries eye tariffs on Internet economy

H&M's brand COS to test clothing rentals in China with YCloset

'Moving right along'? Shares nudge up after Trump trade talk

  • Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’
    Business
    MarketWatch

    Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’

    The U.S. stock market has enjoyed a nearly uninterrupted assault on records, highlighted by the Dow Jones Industrial Average (DJIA) closing at a milestone above 29,000 for the first time and the S&P 500 (SPX) achieving its own landmark close above the psychological round-number at 3,300, while investors in the Nasdaq Composite Index (COMP) may have their sights trained on 10,000.

  • Disadvantages of Roth IRAs Every Investor Should Know
    Business
    Investopedia

    Disadvantages of Roth IRAs Every Investor Should Know

    A Roth IRA is a tax-exempt retirement savings account that holds investments that you choose using after-tax money. If you're thinking about opening an account, consider the disadvantages of Roth IRAs first. Roth and traditional IRAs are excellent ways to stash money away for retirement.

  • 4 changes that could affect Social Security in 2020
    Business
    USA TODAY

    4 changes that could affect Social Security in 2020

    If you're one of almost 69 million Americans who receive Social Security or Supplemental Security Income benefits, you'll notice a small change in your monthly check this year. More than 63 million beneficiaries will receive a 1.6% cost-of-living adjustment this month. The 8 million SSI beneficiaries received their COLA on Dec. 31.

  • What's the Difference Between Retirement in Canada and America?
    Business
    Investopedia

    What's the Difference Between Retirement in Canada and America?

    Key Differences: Retirement Savings Plans When it comes to saving for retirement, Canada and America both offer individuals similar financial vehicles with similar tax advantages. Canada's RRSP vs. America's Traditional IRA In Canada, Registered Retirement Savings Plans (RRSPs) allow investors to receive a tax deduction on their yearly contributions. Money invested in the plan grows tax-deferred, which advances the benefits of compounded returns.

  • Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%
    Business
    TipRanks

    Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%

    Let's start with some good news – according to Goldman Sachs' chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year's surge. Oppenheimer believes 2019's bull run was down to valuation expansion. With this in mind, we decided to have a look at two stocks Goldman Sachs thinks are poised to make headway in 2020.

  • Politics
    Fox Business

    Tax cuts 2.0 could include this middle-class windfall: Kudlow

    The Trump administration has begun reviewing ways to carry out its goal of cutting taxes for the middle class. While lowering the payroll tax isn't high on the White House's list, adjusting the earned income tax credit for low to moderate earners is something that's being examined, Larry Kudlow, director of the National Economic Council, told FOX Business' Stuart Varney. We want to aim this at even faster economic growth going out in the president's second term,” Kudlow said.

  • U.S.
    Financial Times

    Could new regulation spell the death of trusts?

    p These days trusts are often used in wills for estate planning and are frequently combined with life assurance policies. They also feature in inheritance tax planning because they allow people to control how their assets are used after they have given them away.

  • Aurora Cannabis jumps as analysts get bullish
    Business
    Yahoo Finance Video

    Aurora Cannabis jumps as analysts get bullish

    Aurora's stockis climbing as Cowen expects the cannabis company to focus on controlling capital spending and restructuring its debt. Yahoo Finance's Emily McCormick joins Seana Smith on The Ticker to discuss.

  • The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next
    Business
    MarketWatch

    The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next

    The chart, pulled from a recent Wall Street Journal story, essentially shows how much red ink is spilling in the IPO market. As you can see, the last time this “clear danger sign” popped up was on the brink of the dot-com implosion in 1999. As the Journal pointed out, 42% of these money-losers come from the health-care sector, where investors look to make a killing on smaller biotech stocks with big upside.

  • What to Do After Maxing Out Your 401(k) Plan
    Business
    Investopedia

    What to Do After Maxing Out Your 401(k) Plan

    "Through the use of policy loans, you may be able to take money out without paying taxes and put the money back in without paying taxes, as long as the life insurance policy is kept in force." The owner must pay tax on gains if the policy is canceled. Riskier Options There are some directions you can take if you still have a solid income or are expecting a windfall in the near future.

  • Business
    U.S.News & World Report

    15 of the Best Dividend Stocks to Buy for 2020

    Each offers the potential for capital appreciation and yields that 10-year Treasurys can't provide. Pharmaceutical giant Bristol-Myers Squibb, fresh off a year in which it gobbled up "pharma tour de force" Celgene and gained 28%, looks like one of the best dividend stocks to buy for 2020. The best dividend stocks to buy are often ones that can both afford to pay shareholders a meaningful quarterly dividend -- preferably a sustainable and growing one -- and offer a shot at solid capital gains.

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    U.S.
    Reuters

    U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said. The petition cites "127 consumer complaints to NHTSA involving 123 unique vehicles.

  • Too Rich for a Roth? Do This
    Business
    Investopedia

    Too Rich for a Roth? Do This

    For 2020 Roth IRA contributions are not allowed for single filers with a modified adjusted gross income (MAGI) of $139,000 (up from $137k in 2019) or more and married couples filing jointly whose MAGI exceeds $206,000 (up from $203k in 2019). A Roth IRA allows for tax-free qualified distributions in retirement, which may be invaluable if you anticipate landing in a high tax bracket when you retire. Fortunately, there is an available solution to the Roth IRA roadblock for affluent taxpayers: a backdoor Roth IRA.

  • 3 “Strong Buy” Stocks for the 5G Revolution in 2020
    Business
    TipRanks

    3 “Strong Buy” Stocks for the 5G Revolution in 2020

    Investors in Tower Semiconductor stock can expect to see "low double-digit" organic growth in 2020, says Needham analyst Rajvindra Gill. And while that may not sound like much, it's significantly faster -- potentially as much as twice as fast -- as the 6.7% growth rate that most Wall Street analysts are expecting (which could mean additional upgrades will follow as Tower delivers on its promises). Tower aims to aggressively expand capacity at its factories churning out 200mm and 300mm chips to supply growing demand for 5G smartphones, which are experiencing "stronger than expected 5G proliferation."

  • How to Buy an Investment Property
    Business
    SmartAsset

    How to Buy an Investment Property

    If that's you, maybe you stick to high-yield savings accounts or low-cost index funds or ETFs. Here's how to buy investment property and potentially increase passive income. There are many different types of investment properties.

  • Snap, IBD Stock Of The Day, Moves Into Buy Range On Bright Outlook
    Business
    Investor's Business Daily

    Snap, IBD Stock Of The Day, Moves Into Buy Range On Bright Outlook

    Snap is the IBD Stock Of The Day, as the social media company broke out to a nearly two-year high Friday and moved into a buy zone. Snap stock jumped 4.6% to 19.09 in recent action on the stock market today, climbing above its buy point of 18.46. Based in Santa Monica, Calif., Snap is the owner of Snapchat.

  • Retirement Planning Tips if You're in Your Mid-60s and Beyond
    Business
    Investopedia

    Retirement Planning Tips if You're in Your Mid-60s and Beyond

    Retirement planning at any age can be challenging. Still, there are certain steps to take when you're in your mid-60s and beyond to make sure you're ready for those golden years. At one time, the common age for retirement was 65, but times have changed.

  • Facebook faces lawsuit that calls for Zuckerberg to divest majority stake
    Business
    Yahoo Finance Video

    Facebook faces lawsuit that calls for Zuckerberg to divest majority stake

    Facebook has been slapped with a lawsuit calling for the break-up of the social media giant. Yahoo Finance's Julie Hyman, Adam Shapiro, Dan Howley, Jared Blikre and Julian Emanuel of BTIG discuss.

  • This U.S. company will benefit as China tries to catch up in semiconductors
    Business
    MarketWatch

    This U.S. company will benefit as China tries to catch up in semiconductors

    Nobody likes the Sword of Damocles hanging over them — certainly not if you are China, the second-largest economy in the world. The lifeblood of the modern economy is semiconductors. The U.S. dominates the semiconductor industry, and therefore China is highly dependent on U.S. companies.

  • These 13 Tempting Dividend Stocks Torched Investors
    Business
    Investor's Business Daily

    These 13 Tempting Dividend Stocks Torched Investors

    Investors wound up losing money despite each of these stocks yielding 3% at the start of 2019 — because the stocks themselves plummeted. The SPDR S&P 500 ETF Trust, in comparison, started 2019 yielding just 2.01% (it's down to 1.7% now). Losing money especially stung in 2019, when the S&P 500 rose nearly 29%.

  • Why Trump’s China trade deal could save Boeing
    Business
    Yahoo Finance

    Why Trump’s China trade deal could save Boeing

    Boeing (BA) is coming off one of its worst years in recent memory, with the Max jet crisis leading to more cancellations than orders for new planes in 2019. But President Trump's new “phase one” trade deal with China could be enough to reopen one of Boeing's key markets and jumpstart orders again. They have to buy a lot of manufactured goods from the U.S. The U.S. doesn't make a lot of manufactured goods,” Stephen Guilfoyle, president of trading firm Sarge 986 LLC, told Yahoo Finance's “The First Trade.

  • Jumbo mortgages are haunting the housing market, and things could get really scary
    Business
    MarketWatch

    Jumbo mortgages are haunting the housing market, and things could get really scary

    The U.S. housing-market crash a dozen years ago is evidently ancient history for many mortgage lenders. Mortgage underwriting standards have eased considerably in the past couple of years; one of the largest U.S. mortgage originators now offers a jumbo mortgage of up to $1 million with only 10% down if you have a FICO score of at least 760. One smaller lender is now offering home buyers a loan as high as $2 million with a FICO score as low as 640.

  • The Federal Reserve is stuck in quantitative-easing hell
    Business
    MarketWatch

    The Federal Reserve is stuck in quantitative-easing hell

    Since September, the central bank, through the Federal Reserve Bank of New York, has been purchasing securities hand over fist to alleviate short-term pressures in the overnight money markets. It has used repurchase (“repo”) and reverse repurchase (“reverse repo”) agreements to provide liquidity and keep overnight borrowing rates from spiking. But these complex money market operations already have caused the Fed to buy a net $400 billion worth of securities, after Chairman Jerome Powell shrank the Fed's balance sheet by $700 billion.

  • Stryker Corporation's (NYSE:SYK) 1.1% Dividend Yield Looks Pretty Interesting
    Business
    Simply Wall St.

    Stryker Corporation's (NYSE:SYK) 1.1% Dividend Yield Looks Pretty Interesting

    Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful.

  • Jack Dorsey Asks Elon Musk How to Fix Twitter
    Business
    Bloomberg

    Jack Dorsey Asks Elon Musk How to Fix Twitter

    Musk, the SpaceX and Tesla Inc. chief executive officer, was asked Thursday by Twitter Inc. CEO Jack Dorsey how he would fix the social network, where Musk has almost 31 million followers. “Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat.