© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Monday, September 26th. Please refresh for updates.
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Amazon (NASDAQ:) stock fell 0.6% after the online retail giant announced plans to hold a sale for its loyalty-club shoppers, starting on Oct. 11, to boost holiday revenue and appeal to cost-conscious buyers facing economic turbulence.
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Apple (NASDAQ:) stock fell 0.5%, falling in line with the general market, despite the tech giant saying it will manufacture its latest iPhone 14 in India, moving some of its production away from China.
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PG&E (NYSE:) stock rose 3.8% after S&P Dow Jones Indices announced on Friday that the utility will join the benchmark on Oct. 3, replacing Citrix Systems (NASDAQ:), down 1.7%.
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Las Vegas Sands (NYSE:) stock rose 6.8%, Wynn Resorts (NASDAQ:) stock rose 5% and MGM Resorts (NYSE:) stock rose 2.3% after Macau authorities said China would resume an e-visa scheme for mainland travelers and permit group tours, likely increasing footfall at the gambling resort.
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Li Auto (NASDAQ:) stock fell 2.5% after the Chinese electric vehicle manufacturer cut its delivery outlook for the third quarter, citing “supply chain constraints”.
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Lyft (NASDAQ:) stock fell 3.7% after UBS downgraded its investment stance on the ride-hailing company to ‘neutral’ from ‘buy’, saying its survey suggests drivers prefer main rival Uber (NYSE:).
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Planet Fitness (NYSE:) stock rose 4.3% after Raymond James upgraded its stance to ‘strong buy’ from ‘market perform’, citing a low valuation as well as a recession-resistant business.
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