Stocks in focus in premarket trading on Friday:
• Boeing (NYSE:BA) stock inched up 0.1% in premarket trade by 8:20 AM ET (12:20 GMT) after reports that its 737 program manager, Eric Lindblad, will retire in a few weeks. The company has struggled to return the grounded 737 Max jets to service.
• Deutsche Bank (NYSE:DB) stock gained 1.1% after UBS upgraded it to “neutral” from “sell,” citing a more balanced risk and reward scenario from the bank’s restructuring plan.
• Netflix (NASDAQ:NFLX) stock rose 0.5% after it tapped former marketing executive of BBC Studios, Jackie Lee-Jo, as its chief marketing officer. She will replace retiring CMO Kelly Bennet.
• Snap (NYSE:SNAP) stock surged 3.5% after Goldman Sachs (NYSE:GS) followed Bank of American in upgrading the company to “Buy”, according to StreetInsider.
• Nike (NYSE:NKE) stock was in focus the company said it was going ahead with its plans to open a manufacturing facility in Goodyear, Arizona, despite the state government pulling funding over the shoe company's decision to remove its Betsy Ross-flag themed sneaker from the market.
• Illumina (NASDAQ:ILMN) slumped 14.6% after it lowered its forecasts for the year and said it expects disappointing revenue in the second quarter.
• Altria (NYSE:MO) stock jumped 1.4% after Goldman Sachs upgraded the company to “Buy” from “Neutral,” with a $59 price target, according to various reports.
