Stocks in focus in pre-market trade Tuesday:
• Boeing (NYSE:BA) stock fell 0.82% by 8:16 AM ET (12:16 GMT) despite a new company forecast that Chinese airlines will buy 7,690 new planes worth $1.2 trillion over the next two decades. Separately, Reuters also reported that the company was bringing back retired workers to deal with delays in 737 production.
• Tesla (NASDAQ:TSLA) stock fell 2.10% amid news that the company will eliminate two color options for its electric cars in order to simplify production. Tuesday’s drop in shares follows an 8% surge in the prior session.
• Phillips 66 (NYSE:PSX) stock was likely to see movement in the regular session after Berkshire Hathaway (NYSE:BRKa) revealed that it had unloaded another 36% of its holdings in the company since the end of the second quarter.
• Integrated Device Technology (NASDAQ:IDTI) stock surged 11.64% after Japan's Renesas Electronic agreed to acquire the company for $6.7 billion.
• Sonos (NASDAQ:SONO) plummeted 16.53% after its first quarterly earnings report since going public disappointed investors.
• Nutanix (NASDAQ:NTNX) jumped 3.34% after it announced that it had landed the largest deal in the history of the company, $20 million, with the U.S. Department of Defense.
