Thursday, November 21, 2019

Stocks - Tiffany & Co, Fiat, Apple Rise Premarket; Macy’s Falls

© Reuters.  © Reuters. - Stocks in focus in premarket trading on Thursday:

• Macy’s (NYSE:M) fell 4% in premarket trade by 8:20 AM ET (13:20 GMT) after the company cut its annual profit forecast for the second this year and posted a bigger-than-expected fall in comparable store sales.

• TD Ameritrade (NASDAQ:AMTD) surged 24.5% after reports that Charles Schwab (NYSE:SCHW) is in talks to buy its smaller rival, according to CNBC.

• Tesla (NASDAQ:TSLA) inched up 1.3% ahead of the auto-maker's long-awaited electric pickup truck reveal this evening in Los Angeles.

• Tiffany & Co (NYSE:TIF) gained 3.3% after reports that LVMH had raised its offer for the company to $130 per share.

• Apple (NASDAQ:AAPL) rose 0.8% after U.S. President Donald Trump indicated on Wednesday that he is considering exempting Apple from an increase in tariffs on Chinese goods scheduled for Dec. 15.

• Fiat Chrysler (NYSE:FCAU) shares gained 1.5% on news that the company's planned merger with Peugeot owner PSA Group will not be impacted by a lawsuit filed Wednesday against FCA by General Motors (NYSE:GM). The lawsuit alleges that FCA had bribed United Auto Workers union officials over a number of years, costing GM billions of dollars.

Original Article

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