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Peloton, Oracle and Tesla Rise Premarket

Stocks in focus in premarket trade on Friday, September 11th. Please refresh for updates. Peloton (NASDAQ:PTON) stock rose 12% after…

By financial2020myday , in Stock Markets , at September 11, 2020

Stocks in focus in premarket trade on Friday, September 11th. Please refresh for updates.

Peloton (NASDAQ:PTON) stock rose 12% after the exercise bike maker soared past expectations with its quarterly results. JPMorgan (NYSE:JPM) is among a number of investment houses that have lifted price targets after the results.

Oracle (NYSE:ORCL) stock rose 4% after the tech giant beat expectations with its first-quarter results as remote work spurred demand for cloud services as well as traditional licensing business.

Boeing (NYSE:BA) stock rose 0.8% after the aircraft maker said it was in discussions with U.S. safety regulators about a manufacturing issue found last year in its 787 Dreamliner.

Tesla (NASDAQ:TSLA) stock rose 3.6%, continuing its turbulent run. UBS doubled its price target to $325 from $160 ahead of electric car manufacturer’s Sept. 22 battery day. The automaker also plans to export China-made Model 3 cars to Asian and European market, according to reports.

Walt Disney (NYSE:DIS) stock rose 0.7% after CFO Christine McCarthy stated that the entertainment giant expects to have reopened “a little over 50%” of its hotels and resorts by the end of the fiscal year.

Domino’s Pizza (NYSE:DPZ) stock rose 1.3% after Cowen upgrades the fast-food retailer to ‘outperform’, saying it “is implementing a successful long-term playbook to help extend the success the off-premise (delivery and carry-out) and digitally oriented business is seeing amid Covid-19.”

eBay (NASDAQ:EBAY) stock will be in focus after founder Pierre Omidyar stepped down from the online marketplace operator’s board of directors as part of an overhaul. Elliott Management partner Jesse Cohn is also leaving the eBay board.

Satsuma Pharmaceuticals (NASDAQ:STSA) stock fell 7.3% after being downgraded by both Credit Suisse (SIX:CSGN) and Mizuho.

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