Investing.com - Stocks in focus in pre-market trade Friday:
· Costco Wholesale (NASDAQ:COST) fell about 2.67% as of 8:02 AM ET (12:02 GMT) despite reporting a profit that matched expectations on sales that were slightly better than forecasts. Costco said in its earnings report that it identified a “material weakness” in its financial reporting process.
· Coty (NYSE:COTY) stock climbed nearly 4%, rebounding from a sharp selloff Thursday on analyst commentary about China weakness.
· Southwest Airlines (NYSE:LUV) could be active today, after it reported a lower-than-expected load factor as the supply of seats outgrew demand. Load factor declined to 83.9% from 84.8% a year ago, compared to a FaceSet consensus for an increase to 85%.
· Campbell Soup (NYSE:CPB) stock was down 0.54% after news that Kraft Heinz (NASDAQ:KHC) passed on buying the company, according to the New York Post..
· Tesla (NASDAQ:TSLA) stock fell 3.13% after CEO Elon Musk criticized the Securities and Exchange Commission in a controversial tweet. Musk recently made a deal with the SEC over a tweet he sent in August that stated he had the funds to take the company private.
· Snap (NYSE:SNAP) stock jumped 5% on a report the CEO has set a profitability goal for 2019.
· GoPro (NASDAQ:GPRO) stock surged 7.8% after the company said its HERO7 Black camera reached the highest first-week retail unit sell-thru of any new camera.