Investing.com - Stocks in focus in premarket trading on Tuesday:
• Semiconductor companies were in the red in premarket trade by 8:20 AM ET (13:20 GMT) after U.S. President Donald Trump said that a trade deal with China may have to wait until after next year’s election. Advanced Micro Devices (NASDAQ:AMD) fell 3%, while Micron Technology (NASDAQ:MU) was down 2.5% and Nvidia (NASDAQ:NVDA) dipped 3.2%.
• Intel (NASDAQ:INTC) slipped 1% after reports that it was in advanced talks to buy Isreali company Habana Labs for an estimated billion.
• Netflix (NASDAQ:NFLX) tumbled 2.3% after analyst Andy Hargreaves at KeyBanc Capital said that its customer acquisition costs will rise due to increasing competition.
• ELF Beauty (NYSE:ELF) stock fell 2% on news that it has priced a 3.4 million share offering at .90, a 3% discount to the .38 closing price on Monday.
• UnitedHealth Group (NYSE:UNH) stock declined 2% after it announced its earnings forecasts for 2019 and 2020, with revenue expected to be 2 billion in 2019 and between 0 billion and 2 billion in 2020.
• Arrowhead Pharmaceuticals (NASDAQ:ARWR) stock slid 4.1% after it announced a 4 million-share offering for “general corporate purposes” and possibly new acquisitions.
