Tesla, UPS Rise Premarket; Oracle Falls



© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Friday, September 18th. Please refresh for updates.

  • Oracle (NYSE:) stock fell 1.4% after the U.S. Commerce Department announced it would ban U.S. business transactions with social apps WeChat and TikTok on Sunday. Oracle is seeking to become a technology partner in ByteDance’s TikTok app.

  • Tesla (NASDAQ:) stock rose 4.4% after receiving a couple of price target upgrades ahead of its “Battery Day” event next week.

  • Apple (NASDAQ:) stock fell 0.1% with the tech giant set to launch its first online store in India next week, coinciding with the country’s holiday season that brings some of the biggest sales for retailers every year.

  • Facebook (NASDAQ:) stock rose 1.6%, as a rival of Tik Tok, benefiting from the news that U.S. business transactions will be banned for the popular app from the weekend.
  • Snowflake (NYSE:) stock rose 2.2%, continuing its volatile trading after its highly successful listing.
  • United Parcel Service (NYSE:) stock rose 0.9% after announcing it was offering buyouts to some employees, aiming to cut costs. The WSJ had earlier reported the workers would leave in two phases – by the end of 2020 and mid-2021. 

  • Delta Air Lines (NYSE:) stock fell 0.4% with Reuters reporting that the airline has reached a tentative agreement with the pilots union to reduce the number of furloughs, bringing the new total number of job reductions to 1,721.

  • Dave & Buster’s (NASDAQ:) stock rose 7.7%, rebounding after sharp losses the previous session after investors worried about possible bankruptcy. However, analysts said that was an overreaction, and the losses represented a buying opportunity. 

  • Lowe’s Companies (NYSE:) stock fell 1% after being downgraded to ‘perform’ by Oppenheimer, cutting its price target by $5 to $180.

  • Salesforce (NYSE:) stock rose 0.6% after CEO Marc Benioff announced, in a tweet, that the company will create 12,000 jobs over the next year, including 4,000 positions in the coming six months.

 

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