Stocks – Coca-Cola, E*Trade Gain Premarket, Tesla Falls

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPEC3J0NW_M.jpg
© Reuters. © Reuters.

Investing.com – Stocks in focus in premarket trading on Friday:

• Coca-Cola (NYSE:) stock gained 2.2% in premarket trade by 8:20 AM ET (12:20 GMT) after posting organic sales growth of 5%, ahead of expectations, in the third quarter. The company raised its full-year guidance for revenue and operating income. Earnings came in as expected, with comparable earnings per share of $0.56 in the third quarter on net revenue of $9.5 billion.

• Beyond Meat (NASDAQ:) stock slipped 1.9% after reports that Dave & Buster rejected its competitor Impossible Foods and is instead testing a new brand made by Maple Leaf Foods.

• E-Trade (NASDAQ:) stock surged 3.6% after its quarterly earnings came in above estimates on a record $767 million in revenue. The company also said it can gain market share now that brokers have all but completed their race to the bottom in foregoing transaction commissions.

• Tesla (NASDAQ:) stock dipped 0.4% after it said it will charge a $100 non-refundable fee for any orders. The company had previously required a refundable $1,000 reservation fee and $2,500 order deposit.

Stitch Fix (NASDAQ:) stock gained 0.8% after the clothing styling service was rated “outperform” in new coverage at Telsey Advisory Group, which cited its strength both as a retailer and tech company.

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.

Add Comment