Stocks – Intel, Netflix, UnitedHealth Tumble in Premarket Trade

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

• Semiconductor companies were in the red in premarket trade by 8:20 AM ET (13:20 GMT) after U.S. President Donald Trump said that a trade deal with China may have to wait until after next year’s election. Advanced Micro Devices (NASDAQ:) fell 3%, while Micron Technology (NASDAQ:) was down 2.5% and Nvidia (NASDAQ:) dipped 3.2%.

• Intel (NASDAQ:) slipped 1% after reports that it was in advanced talks to buy Isreali company Habana Labs for an estimated $1 billion.

• Netflix (NASDAQ:) tumbled 2.3% after analyst Andy Hargreaves at KeyBanc Capital said that its customer acquisition costs will rise due to increasing competition.

• ELF Beauty (NYSE:) stock fell 2% on news that it has priced a 3.4 million share offering at $15.90, a 3% discount to the $16.38 closing price on Monday.

• UnitedHealth Group (NYSE:) stock declined 2% after it announced its earnings forecasts for 2019 and 2020, with revenue expected to be $242 billion in 2019 and between $260 billion and $262 billion in 2020.

• Arrowhead Pharmaceuticals (NASDAQ:) stock slid 4.1% after it announced a 4 million-share offering for “general corporate purposes” and possibly new acquisitions.

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.