Stocks – Boeing, Goldman Sachs, Alibaba Fall Premarket

This post was originally published on this site
© Reuters. © Reuters. – Stocks in focus in premarket trading on Monday:

• Boeing (NYSE:) stock was down 0.7% in premarket trade by 8:20 AM ET (11:20 GMT) after American Airlines (NASDAQ:) and Southwest Airlines (NYSE:) reported that their Boeing 737 Max jets have been taken off the flight schedule until early March.

• Goldman Sachs (NYSE:) stock slipped 0.8% as it faced a gender discrimination probe by the New York Department of Financial Services into its credit card practices, caused by a series of tweets from the creator of web application framework Ruby on Rails. David Heinemeier Hansson claims Goldman Sachs approved an Apple (NASDAQ:) Card with 20 times the credit limit of his wife, despite his wife having a better credit score.

Alibaba (NYSE:) stock inched down 0.6% even after it posted a record $31 billion in sales for its 11th annual Singles’ Day event. Still, year-on-year growth slowed from last year.

• GW Pharmaceuticals (NASDAQ:) stock inched up 0.5% after two of the company’s cannabis-based medications were recommended for use by the U.K.’s NHS for the first time.

• Tesla (NASDAQ:) stock rose 1% after its price target was raised by Jefferies to $400 per share from $300 a share, with the bank’s analysts taking a bright view of the company’s margin outlook, according to CNBC.

• (NASDAQ:) stock fell 0.3% after reports that Kindle pioneer Steve Kessel is leaving the online retailer after 20 years. Kessel is currently responsible for some of Amazon’s most high-profile projects, including the Amazon Go cashierless convenience stores venture, the quick-delivery Prime Now program and the Whole Foods Market chain that Amazon bought two years ago.

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.