Tesla, Alcoa. Ericsson Fall Premarket; AT&T, IBM, American Airlines Rise

  • Investing.com
  • Stock Market News
Tesla, Alcoa. Ericsson Fall Premarket; AT&T, IBM, American Airlines Rise
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, October 20th. Please refresh for updates.

  • Tesla (NASDAQ: TSLA ) stock fell 4.8% after the electric car manufacturer admitted it was unlikely to reach its delivery targets this year, with fourth-quarter deliveries seen growing by less than the aimed 50%.

  • AT&T (NYSE: T ) stock rose by 2.3% after the wireless carrier raised its annual profit forecast, buoyed by strong demand for its phone and internet services and as more customers upgraded to 5G plans.

  • American Airlines (NASDAQ: AAL ) stock rose 2.6% after the carrier forecast a significant profit in the December quarter, helped by a strong rebound in travel as the demand shows no signs of cooling.

  • IBM (NYSE: IBM ) stock rose 4% after the IT software and services provider said it expects to exceed full-year revenue growth targets, citing robust demand for its digital services.

  • Philip Morris (NYSE: PM ) stock rose 1.6% after the tobacco giant raised its buyout offer for Swedish Match in an effort to get shareholder support for its $16 billion move.

  • Alcoa (NYSE: AA ) stock fell over 10% after the aluminum producer reported a surprise third-quarter loss as higher costs and lower metal prices weighed.

  • Blackstone (NYSE: BX ) stock fell 0.6% after the asset manager said its third-quarter distributable earnings fell 16% year-on-year, owing to a sharp drop in asset sales amid a downturn in the market.

  • Ericsson (NASDAQ: ERIC ) ADRs fell 14% after the Swedish telecommunications company posted lower-than-expected third-quarter core income and flagged a hike in restructuring costs.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles