Stocks – Delta, PG&E Fall Premarket; Apple Gains

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© Reuters. © Reuters. – Stocks in focus in premarket trading on Thursday:

• Delta Air Lines (NYSE:) stock fell 3.9% in premarket trade by 8:20 AM ET (12:20 GMT) after its third-quarter revenue came in below forecasts, while the company also said it is expanding its workforce by 12,000 through 2020.

•Pacific Gas & Electric (NYSE:) stock slumped 30.6% after a judge ruled that a rival bankruptcy plan from Elliott Management and other bondholders should be considered instead of its chapter 11 plan.

• Apple (NASDAQ:) stock inched up 0.3% after Longbow Research upgraded it to “buy” from “neutral” due to increased demand for new iPhones, according to CNBC.

• Costco (NASDAQ:) stock rose 0.2% reporting September comparable-store sales of 4.2%, exceeding the consensus estimate of 3.8%.

• T-Mobile (NASDAQ:) and Sprint (NYSE:) were lower after Mississippi dropped its legal challenge to the wireless carriers’ proposed merger.

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