By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 19th. Please refresh for updates.
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Bank of America (NYSE:BAC) stock fell 1.3% after the bank reported a drop in fourth-quarter profit on Tuesday as historically low interest rates hurt its consumer banking business. It also detailed $3.2 billion in equity buybacks and a quarterly dividend of $0.18 a share.
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Tesla (NASDAQ:TSLA) stock rose 1.7% after the electric automaker announced it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.
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Logitech (NASDAQ:LOGI) stock rose 3.1% after the computer peripherals maker raised its 2021 outlook for sales growth and profit for the third time, helped by the stay-at-home coronavirus-inspired trend.
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Goldman Sachs (NYSE:GS) stock rose 2.5% after the investment bank reported a 153% jump in fourth-quarter profit, powered by a strong performance at its core bond trading and underwriting business and an uptick in merger and acquisition activity.
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Halliburton (NYSE:HAL) stock rose 2.3% after the oil services company reported a 60% rise in fourth-quarter adjusted profit compared with the third, as demand for oilfield equipment and services recovered.
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Coherent (NASDAQ:COHR) stock rose 34% after the Wall Street Journal reported that Lumentum (NASDAQ:LITE), down 8.2%, was in advanced talks to buy the laser maker.
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Stellantis (NYSE:STLA) stock rose 13%, with the company formed by the merger of Fiat Chrysler Automobiles and Peugeot’s PSA Group making a positive trading debut.
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Total (NYSE:TOT) rose 1.8% after the oil giant announced plans to acquire a 20% minority interest in Adani Green Energy, an Indian renewable energy company.
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ODP (NASDAQ:ODP) stock fell 4.6% after the Wall Street Journal reported that Office Depot’s parent rebuffed a takeover from Staples but indicated it is open to an alternative deal.
- Boeing (NYSE:BA) stock rose 1.6% after Canada said it would lift a near two-year flight ban on its 737 MAX following two fatal crashes involving the model while a final clearance from Europe to resume flying the jet is expected next week.