Stocks in focus in premarket trading on Thursday:
• Delta Air Lines (NYSE:DAL) stock fell 3.9% in premarket trade by 8:20 AM ET (12:20 GMT) after its third-quarter revenue came in below forecasts, while the company also said it is expanding its workforce by 12,000 through 2020.
•Pacific Gas&Electric (NYSE:PCG) stock slumped 30.6% after a judge ruled that a rival bankruptcy plan from Elliott Management and other bondholders should be considered instead of its chapter 11 plan.
• Apple (NASDAQ:AAPL) stock inched up 0.3% after Longbow Research upgraded it to “buy” from “neutral” due to increased demand for new iPhones, according to CNBC.
• Costco (NASDAQ:COST) stock rose 0.2% reporting September comparable-store sales of 4.2%, exceeding the consensus estimate of 3.8%.
• T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) were lower after Mississippi dropped its legal challenge to the wireless carriers' proposed merger.
