Yahoo Finance Stocks - Uber, Big Lots Rise Premarket; Amazon, Tesla Fall
Investing.com - Stocks in focus in premarket trading on Friday:
Uber (NYSE:UBER) stock rose 1.7% by 8:15 AM ET (12:15 GMT) after it posted a net loss of $1 billion, which was in line with forecasts.
Big Lots (NYSE:BIG) stock surged 8.6% as it raised its full-year forecasts, even as its earnings came in below estimates. The company reported revenue above forecasts, while comparable-store sales grew less than expected.
General Motors (NYSE:GM) stock fell 4.9% after U.S. President Donald Trump said he would impose a 5% tariff on all Mexican goods if Mexico does not prevent border crossings. GM has about 14 plants located in Mexico and a tariff increase could drastically hurt the automaker.
Amazon.com (NASDAQ:AMZN) stock declined 1.6% amid news that it is interested in buying Boost Mobile from T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S). The companies are planning to sell the brand in order to get their merger approved by regulators.
Kraft Heinz (NASDAQ:KHC) stock inched down 0.2% despite Piper Jaffray upgrading it to neutral from underweight.
Tesla (NASDAQ:TSLA) stock was down 2.3% after it announced it would sell its Chinese-made Model 3 in China for 13% less than the models it imports.
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