Stocks - Tesla Sinks in Pre-market; Five Below, Broadcom Soar; Apple Flat

Stocks - Tesla Sinks in Pre-market; Five Below, Broadcom Soar; Apple Flat

Sep 07, 2018

Stocks in focus in pre-market trade Friday:

• Tesla (NASDAQ:TSLA) stock slumped 1.49% by 8:05 AM ET (12:05 GMT) as chief executive Elon Musk provoked another twitter storm on Friday by briefly smoking marijuana on a live web show with comedian Joe Rogan.

• Apple (NASDAQ:AAPL) stock inched down 0.07% amid headlines that the company provided an online tool for police to request user data. That came after news out Thursday that the European Union approved its acquisition of British music discovery app Shazam.

• Campbell Soup (NYSE:CPB) stock could see movement in the regular seesion after the Wall Street Journal reported that Third Point plans to launch a proxy fight to replace the company’s entire board over disappointment that it was only looking to sell two of its units, instead of examining a full sale of the whole company.

• Broadcom (NASDAQ:AVGO) stock jumped 4.18% after reporting better-than-expected quarterly results and providing upbeat guidance.

• Five Below (NASDAQ:FIVE) stock rocketed 10.51% after reporting second-quarter results that beat on the top and bottom lines.

• GameStop (NYSE:GME) stock tanked 4.44% after it reported second-quarter earnings per share that missed analysts’ estimates.

• Palo Alto Networks (NYSE:PANW) soared 6.07% as fiscal fourth-quarter results beat consensus.

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