Stocks in focus in pre-market trade Tuesday:
• Tiffany & Co (NYSE:TIF) stock jumped 3.44% by 8:14 AM ET (12:14 GMT) as the company reported second-quarter results that beat on the top and bottom lines and raised its profit outlook.
• Best Buy (NYSE:BBY) stock tumbled 4.24% despite better-than-expected second quarter revenue and earnings as online sales slowed and the company warned that it is “expecting a non-GAAP operating income rate decline in the third quarter”.
• Starbucks (NASDAQ:SBUX) stock slipped 0.04% as the company announced that it had concluded its $7.15 billion licensing deal that gives Nestle the right to sell its products
• Google (NASDAQ:GOOGL) stock dipped just 0.02% after U.S. President Donald Trump accused the internet giant of rigging news search results to produce only bad news related to him.
• Procter & Gamble (NYSE:PG) stock gained 0.24% after European Union antitrust regulators approved its €3.4 billion ($3.9 billion) acquisition of Merck KGaA's (DE:MRCG) consumer health unit.
• DSW (NYSE:DSW) skyrocketed 20.59% after second quarter results beat consensus and the company forecast better-than-expected full-year revenue and profit.
