© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Tuesday, December 13th. Please refresh for updates.
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Oracle (NYSE:) stock rose 3% after the software giant better-than-expected revenue in the second quarter, benefiting from strong demand for its cloud software services and the acquisition of electronic medical records firm Cerner.
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Boeing (NYSE:) stock rose 1.9% after United Airlines (NASDAQ:), down 1%, announced plans to buy 100 Dreamliners, with the option to buy 100 more, to replace its aging wide-body fleet.
- Tesla (NASDAQ:) stock rose 1.6%, bouncing after slumping over 6% to a two-year low on Monday amid concerns that CEO Elon Musk is increasingly distracted by his acquisition of Twitter.
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Trimble (NASDAQ:) stock fell 7.2% after the software company announced plans to acquire transport logistics firm Transporeon for roughly $2 billion.
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Ford (NYSE:) stock rose 0.8% after the auto giant’s electric F-150 Lightning was named the MotorTrend’s 2023 truck of the year, beating out a series of traditional pickups with internal combustion engines.
- Coinbase (NASDAQ:) stock rose 1.4% with the cryptocurrency exchange platform benefiting from ‘s gains, with the digital currency seen as a relative safe haven in the asset class.
- Pinterest (NYSE:) stock rose 3.8% after Piper Sandler upgraded its stance on the social media platform to ‘overweight’ from ‘neutral’, saying the stock can jump more than 25% on a stronger ad outlook.
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