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Stocks - Apple, Lululemon Fall Premarket; Delta, GE Rise

Investing.com -- Stocks in focus in premarket trade on Thursday, 12th December.

Apple (NASDAQ:AAPL) stock fell 1.0% after a report showing a sharp slowdown in iPhone shipments in China in November.

General Electric (NYSE:GE) stock rose 3.2% after UBS upgraded the industrial conglomerate's shares to "buy", according to Reuters.

Starbucks (NASDAQ:SBUX) stock rose 1.6% after JPMorgan (NYSE:JPM) raised it to “overweight”, according to reports.

Delta Air Lines (NYSE:DAL) rose 2.1% after setting a 2020 earnings target of $6.7 to $7.75 per share, the midpoint of which is above the consensus estimate of $7.06. It also announced it had bought an unspecified minority stake in private aviation group Wheels Up.

Lululemon Athletica (NASDAQ:LULU) fell 3.0% after publishing weak guidance for the current quarter after the bell on Wednesday, despite beating expectations for the past three months.

Continental Resources (NYSE:CLR) fell 0.3% after founder Harold Hamm said he will step down as CEO.


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