By Geoffrey Smith
Investing.com — Stocks in focus in premarket trade on Monday, 27th January. Please refresh for updates.
9:20 AM ET: Alphabet (NASDAQ:) (NASDAQ:) stock was down 2.1% after the Wall Street Journal reported that state attorneys will meet with Justice Department officials to compare notes on their various investigations into the company.
- 9:14 AM ET: Alibaba (NYSE:) ADRs were down 6.1% on fears for Chinese retail sales after Beijing said it would extend the week-long New Year holiday as part of its efforts to stop the spread of the coronavirus.
- Arconic (NYSE:) stock was down 2.8% after reporting revenue and earnings that were marginally below expectations in the final quarter of 2019. Its guidance for the current year’s earnings was also some 2% below market consensus. The shares have significantly outperformed the over the last 12 months and are arguably vulnerable to profit-taking.
- DR Horton (NYSE:) stock was up 0.8%, clearly outperforming major indices that were all down over 1%, after the homebuilder reported earnings and revenue well above consensus. Recent data suggest that housing market activity remains close to multi-year highs thanks to low unemployment and mortgage rates.
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