Investing.com - Stocks in focus in pre-market trade Monday:
• Apple (NASDAQ:AAPL) stock lost 1.66% by 8:07 AM ET (13:07 GMT) as the company cut production orders for all three new iPhone models, according to The Wall Street Journal.
• Pacific Gas & Electric (NYSE:PCG) stock sank 4.92% after the company disclosed a second power-line failure on the morning that California’s deadliest fire began.
• Renault (PA:RENA) stock tumbled 9.92% in Paris as Nissan (OTC:NSANY) said it planned to company fire chairman Carlos Ghosn after finding that he had used company money for personal use and committed several other serious acts of misconduct. Ghosn is also chairman and chief executive of Renault. German-listed shares of Nissan (BE:7201) tanked 8.78%.
• Alphabet (NASDAQ:GOOGL) stock slipped 0.05% as its top Google news executive Richard Gingras told the Guardian that it was possible that the company would shut down the news service in Europe if EU authorities decided to charge a “link tax” for use of news stories.
• ConocoPhillips (NYSE:COP) stock advanced 0.59% after the Sunday Times reported that the company was in exclusive talks to sell UK assets to Ineos Group for approximately $3 billion.
• Pfizer (NYSE:PFE) stock could see movement in the regular session as the company announced that it had sold its stake in ICU Medical for about $523 million.
• Jd.Com (NASDAQ:JD) stock lost 3.82% after third-quarter revenue missed expectations .
• Blackstone (NYSE:BX) stock advanced 0.77% after Colfax announced that it will acquire DJO Global from private-equity funds that the company manages for $3.15 billion.