Stocks - Tesla, Southwest Airlines Rise in Premarket; General Electric Falls

Investing.com

Fri, Dec 7, 2018, 10:15 AM

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Investing.com - Stocks in focus in premarket trade Friday:

· Tesla (NASDAQ:TSLA) stock rose 2% as of 8:00 AM ET (13:00 GMT) after news that the luxury car maker plans to use a stock and cash mix to pay off its debt due in March.

· Southwest Airlines (NYSE:LUV) stock gained 0.09% after reports that the company is close to getting certification to operate a flight route to Hawaii. The airline company also announced a 5% rise in November traffic.

· General Electric (NYSE:GE) stock was down 1% amid news that utility businesses are shutting down at least 18 of the company's newest gas turbines for repairs at power facilities around the world.

· Cronos Group (NASDAQ:CRON) jumped 28% after Altria (NYSE:MO) announced it was investing $1.8 billion in the medical marijuana company for 45% ownership, with the potential to increase its stake to 55% over the next four years.

· Lululemon Athletica (NASDAQ:LULU) stock increased 0.88% after the women’s leisure wear company reported third-quarter earnings that were better than expected.

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Stocks - Tesla, Southwest Airlines Rise in Premarket; General Electric Falls

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