Investing.com — Stocks in focus in premarket trade on Wednesday, 18th December. Please refresh for updates.
- 7:45 AM ET: FedEx (NYSE:) stock was down 7.6% after publishing a 40% drop in profit in its fiscal second quarter, due in part to Amazon.com (NASDAQ:) pivoting from customer to rival in the delivery space. Revenue fell 3% to $17.3 billion, also short of consensus forecasts.
- 8:11 AM ET: Tesla (NASDAQ:) inched up 0.1% after Bloomberg reported that it is considering cutting prices for its Chinese-made cars by 20% next year, in part by sourcing more parts locally so as to avoid import tariffs.
- 7:50 AM Fiat Chrysler Automobiles (NYSE:) ADRs were down 0.9% after the company agreed merger terms with France’s Peugeot (PA:). Under the agreed deal, FCA shareholders will still get their 5.5 billion euro ($6.1 billion) special dividend before completion.
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