Investing.com - Stocks in focus in premarket trading on Tuesday:
• Nike (NYSE:NKE) stock fell 0.5% in premarket trade by 8:20 AM ET (12:20 GMT) after it pulled its Betsy Ross sneaker from stores due to intervention from former NFL quarterback Colin Kaepernick, who said the symbol is offensive because of its connection to a time of slavery. The shoe was intended to be a U.S. Independence Day celebration, with a flag design that was created during the American Revolution.
• Anheuser Busch Inbev (BR:ABI) NV ADR (NYSE:BUD) stock gained 1.1% after Bloomberg reported that the planned Hong Kong IPO of its Asia Pacific beer unit is priced in the HK$40 to HK$47 range. That means the IPO could raise as much as $9.8 billion. Trading is expected to start on July 19.
• Amazon.com (NASDAQ:AMZN) stock was down 0.3%, even as it announced plans to create 1,800 jobs in France. The increase would bring its total number of staff to 9,300 by the end of the year. France is Amazon's third biggest European market after Britain and Germany.
• Amarin (NASDAQ:AMRN) stock jumped 6.4% after it raised its 2019 guidance to $380 million–$480 million from $350 million.
• Teva Pharma Industries (NYSE:TEVA) stock gained 1% after positive data on a clinical trial of its Ajovy product, which prevents migraines in adults who failed to respond to two to four classes of preventative treatments.
• Revolve Group (NYSE:RVLV) jumped 5% after several analysts initiated the designer clothing store and gave it mostly positive guidance. The company went public on June 1.