By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 4th. Please refresh for updates.
Apple (NASDAQ: AAPL ) stock rose 0.4% the day after the iPhone maker became the first company to reach a market value of $3 trillion, taking just over one year to climb from $2 trillion as retail investors increasingly channeled money into the perceived safety of megacap names during the second year of the pandemic.
Tesla (NASDAQ: TSLA ) stock rose 0.3% with the electric car manufacturer continuing to benefit from its strong fourth-quarter deliveries despite controversy over the opening of a showroom in the Chinese region of Xinjiang.
AT&T (NYSE: T ) stock rose 0.6% and Verizon (NYSE: VZ ) stock climbed 0.3% on hopes of an amicable settlement with U.S. authorities and airlines over the launch of new 5G services. United Airlines (NASDAQ: UAL ), American Airlines (NASDAQ: AAL ), JetBlue Airways (NASDAQ: JBLU ), Delta Air Lines (NYSE: DAL ) and Southwest (NYSE: LUV ) stock all gained over 1%.
Ford (NYSE: F ) stock rose 1.8% after the auto giant said it will nearly double annual production capacity for its F-150 Lightning electric pickup to 150,000 vehicles.
General Electric (NYSE: GE ) stock rose 1.2% after Credit Suisse upgraded its investment stance on the industrial conglomerate to "outperform" from "neutral", saying the stock can jump more than 25%.
Foot Locker (NYSE: FL ) stock fell 4.1% after JPMorgan downgraded its stance on the sportswear retailer to "underweight" from "neutral", saying it is losing ground to its competitors.
Nvidia (NASDAQ: NVDA ) stock rose 0.9% after TuSimple said it would use the company's chips to design and build an advanced autonomous driving computer for its self-driving trucks.
Warner Music (NASDAQ: WMG ) stock fell 4.2% after the entertainment conglomerate announced an 8.6 million share sale by affiliates of stakeholder Access Industries.
- Coca-Cola (NYSE: KO ) stock rose 0.9% after Guggenheim upgraded its stance on the soft drink giant to “buy” from “neutral”, citing a strong performance in emerging markets as well as a faster-than-expected recovery in sales in restaurants.
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