- Stocks in focus in premarket trade on Thursday, 12th December.
Apple (NASDAQ:AAPL) stock fell 1.0% after a report showing a sharp slowdown in iPhone shipments in China in November.
General Electric (NYSE:GE) stock rose 3.2% after UBS upgraded the industrial conglomerate's shares to "buy", according to Reuters.
Starbucks (NASDAQ:SBUX) stock rose 1.6% after JPMorgan (NYSE:JPM) raised it to “overweight”, according to reports.
Delta Air Lines (NYSE:DAL) rose 2.1% after setting a 2020 earnings target of $6.7 to $7.75 per share, the midpoint of which is above the consensus estimate of $7.06. It also announced it had bought an unspecified minority stake in private aviation group Wheels Up.
- Lululemon Athletica (NASDAQ:LULU) fell 3.0% after publishing weak guidance for the current quarter after the bell on Wednesday, despite beating expectations for the past three months.
- Continental Resources (NYSE:CLR) fell 0.3% after founder Harold Hamm said he will step down as CEO.
