Stocks - Walmart Jumps in Premarket, Facebook, Twitter, Tesla, Citigroup Dip
Investing.com - Stocks in focus in premarket trade Tuesday:
• Walmart (NYSE:WMT) stock jumped 4.26% by 7:50 AM ET (12:50 GMT) after the company reported fourth-quarter profit and same-store sales that beat expectations.
• Facebook (NASDAQ:FB) stock declined 0.44% as a committee of British lawmakers determined that large tech companies should be subject to a compulsory code of ethics in order to stop harmful content and misinformation on their platforms. The company said it was “open to meaningful regulation”.
• McDonald’s (NYSE:MCD) stock gained 0.57% amid news that analysts at Stephens upgraded the company to overweight from equal weight, according to CNBC.
• Weight Watchers (NASDAQ:WTW) stock sank 6.18% as JP Morgan downgraded the company to neutral from overweight and lowered the price target to $25, according to Briefing.com.
• Southwest Airlines (NYSE:LUV) stock dropped 0.35% amid a Wall Street Journal report that the U.S. Federal Aviation Administration is investigating the company for discrepancies is baggage weight tracking.
• Pepsico (NASDAQ:PEP) stock rose 0.16% after Ramon Laguarta, chief executive, said he has no plans to break up the company or divest its bottling operations.
• Citigroup (NYSE:C) stock slipped 0.20% amid reports that the company is in talks to purchase the building that houses its European headquarters for around $1.6 billion.
• Oracle (NYSE:ORCL) stock lost 0.41%% despite the fact that the company authorized an additional $12 billion in stock buybacks.
• Tesla (NASDAQ:TSLA) stock dipped 0.52% as the company confirmed that a fire at its Fremont plant over the weekend had been contained and would not affect production.
• Ford (NYSE:F) stock dipped 0.23% amid a jury decision in Alabama that ordered the company to pay $152 million related to a rollover accident of one of its Ford Explorers.
• Twitter (NYSE:TWTR) stock slipped 0.10% amid the company’s announcement that it has launched political ad tracking tools ahead of European Union parliamentary elections as part of its efforts to increase transparency in campaign advertising.
• Medtronic (NYSE:MDT) stock gained 0.79% after the company reported fiscal third-quarter results that topped consensus on the top and bottom lines.
• Cooper Tire & Rubber (NYSE:CTB) stock rose 2.76% as the company reported fourth-quarter profit that beat estimates and Chief Executive Brad Hughes said he expects the profit margin to improve this year.
• Windstream Holdings (NASDAQ:WIN) stock crashed 56.97% after losing a court case with Aurelius Capital over a 2015 default on its bonds.
• Leap Therapeutics Inc (NASDAQ:LPTX) stock could see movement in the regular session after Valence Helix informed that it had acquired a 10.99% stake in the company.
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