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

Investing.com – 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.

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.