Stocks – Home Depot, Kohl’s Tumble Premarket; Boeing Rises

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPEC7F0J9_M.jpg
© Reuters. © Reuters.

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

Home Depot (NYSE:) stock fell 4% in premarket trade by 8:20 AM ET (13:20 GMT) after the company trimmed its sales outlook due to its third-quarter missing expectations.

• Kohl’s (NYSE:) stock slumped 12.3% after it lowered its profit outlook, as it comparable sales and gross margin expectations.

• Boeing (NYSE:) stock rose 1.2% on news that it got 50 bids for its grounded 737 Max jet at the Dubai Air show. Air Astana announced it plans to buy 30, while an undisclosed buyer ordered 20.

• Broadcom (NASDAQ:) stock gained 2.1% after being upgraded to “overweight” from “equal weight” by an analyst at Morgan Stanley.

• Pacific Gas & Electric Co (NYSE:) stock slipped 0.4% after Bloomberg reported that the electric company is nearing a settlement of more than $1.7 billion with state regulators for its failure to maintain equipment found to have caused the 2017 wildfires in California.

• Tesla (NASDAQ:) stock inched up 0.4% on reports that it’s expanding its battery project with South Australia’s Neoen by 50% to 150 megawatts, making it the biggest battery project on record.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment